NFTs: Does Infinitely Printing JPEGs Cause Inflation? (opens in new tab)

(explorocracy.com)

4 pointsderekpankaew4y ago1 comments

1 comments

“When someone prints a new NFT, it drives up the value of the top 5% of the NFTs in that category, while driving down the value of the other 95%.”

Sure sounds a lot like a pyramid scheme.

j / k navigate · click thread line to collapse

(explorocracy.com)

4 pointsderekpankaew4y ago1 comments

“When someone prints a new NFT, it drives up the value of the top 5% of the NFTs in that category, while driving down the value of the other 95%.”

Sure sounds a lot like a pyramid scheme.

j / k navigate · click thread line to collapse