The Bored Ape NFT Justin Bieber bought for $1.2 million is now worth $69,000

Puiu

Posts: 5,881   +4,889
TechSpot Elite
There are 10k Bored Ape NFTs. Might seem like a lot, but they are all unique, derived from a limit amount of assets (somewhere around 270 if I recall correctly).

If there was a different Mona Lisa for every Bored Ape, do I think its value would hold...? Well, if it was purely about the art, and it would be valued the same, the full collection would be the same value as the current single Mona Lisa, with each single entry having a variance of some being more valuable than average and some less valuable than average.


A community can indeed be made in many ways, but it cannot easily be made exclusive with a specific amount of members and with a timeless unique pass that cannot be faked, and with other possibilities that have not yet even been figured out.

You're stuck in the old way of thinking. That is your limitation. It's the same mail vs e-mail argument in a different coat of paint. So let me put it this way.
Sure, you can send a message through mail, but can it be received within 5 seconds? The answer is no. At best it will take one day instead of 5 seconds. And you have seen how significant that one small difference ultimately became and how it has influenced society.

NFTs are no different. Sure. You can create a club of 10k exclusive members. But can the members change immediately and freely for a price obvious to anyone at any time? Can they be anonymous? Can it be guaranteed that it never exceeds 10k? Can it be guaranteed that there are no imposters with fake member cards? Can it be guaranteed that only those members receive the benefits and not someone else that lives in the same place or borrows the card from someone else? And so on and so on.

It might all sound insignificant, but ultimately, they all are very significant, just like the 5 second vs 1 day difference was significant and people didn't see it at the time.

You are the first one to call those digital images "unique". No they're not unique and no, they're not non-fungible. It's a scam meant to make *****s buy into expensive JPG files that they don't even have server access to. Do you think Snoop Dog bought his NFT? No dude, he was given to advertise them so that *****s can pay thousands.

Besides, the majority of people who support NFTs (like you) do it for only one single reason: money. You are hoping that NFTs stay popular so you can make money. That's all there is to it. Anything else you say is just a lie.
 

NightAntilli

Posts: 927   +1,186
You are the first one to call those digital images "unique". No they're not unique and no, they're not non-fungible.
Wikipedia:

The collection exists on the Ethereum blockchain and contains 10,000 unique NFTs derived from 172 unique assets.

Your turn.

It's a scam meant to make *****s buy into expensive JPG files that they don't even have server access to. Do you think Snoop Dog bought his NFT? No dude, he was given to advertise them so that *****s can pay thousands.

Besides, the majority of people who support NFTs (like you) do it for only one single reason: money. You are hoping that NFTs stay popular so you can make money. That's all there is to it. Anything else you say is just a lie.
Good to know that you know my motivation better than me. You must be an atheist. You're too good at ignoring points that you can't tackle and keep repeating the same mantras over and over again.
 

Puiu

Posts: 5,881   +4,889
TechSpot Elite
Wikipedia:

The collection exists on the Ethereum blockchain and contains 10,000 unique NFTs derived from 172 unique assets.

Your turn.


Good to know that you know my motivation better than me. You must be an atheist. You're too good at ignoring points that you can't tackle and keep repeating the same mantras over and over again.
Again, they're not unique in any way. These are digital assets that can easily be copied or replicated. Only the blockchain record is unique. Why are you so confused about such a simple concept?

People are literally being encouraged to buy useless jpegs created en-mass with only small differences between them. A scam 100%. The top 1% are making a ton of money from people like you.
 
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NightAntilli

Posts: 927   +1,186
Again, they're not unique in any way. These are digital assets that can easily be copied or replicated. Only the blockchain record is unique. Why are you so confused about such a simple concept?
I'm not confused. How many times have I said that it's not actually about the apes?

People are literally being encouraged to buy useless jpegs created en-mass with only small differences between them. A scam 100%. The top 1% are making a ton of money from people like you.
90%+ are scams. Not all are, depending on what is offered. But if you can't differentiate them, stay away.
 

Gastec

Posts: 284   +140
"now worth $69,000" ?
Looks like you made another typo

Let me fix that for you.....

ZERO!

All NFT's were and are worth $0.00
Well, teoretically it shouldn't be worth $0.00 because a person has put some effort into drawing it. Maybe $10-15? But paying $1.2 million for that .jpg is an abomination, or just money laundering. There are faaar better and more beautiful online digital creations, pictures, drawings, wallpapers that we have been downloading for free since the dawn of the Internet.