this post was submitted on 24 Jul 2024
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[–] Tak@lemmy.ml 55 points 4 months ago (3 children)

Buy $20 for $100 million. If you can "buy" nft's then Idk why you can't buy something with less value.

[–] Blue_Morpho@lemmy.world 47 points 4 months ago (2 children)

The $20 bill has a unique serial number just like the nft.

[–] Alexstarfire@lemmy.world 12 points 3 months ago (1 children)

It's even better because no one else can have that same bill at the same time.

[–] HakFoo@lemmy.sdf.org 4 points 3 months ago (1 children)
[–] Alexstarfire@lemmy.world 2 points 3 months ago

Still 2 different bills.

[–] Viking_Hippie@lemmy.world 28 points 3 months ago (3 children)

If you can "buy" nft's then Idk why you can't buy something with less value.

I'll tell you why: because there's nothing with less value than an nft.

[–] theneverfox@pawb.social 7 points 3 months ago

I just remember the day, as a software dev with a solid understanding of Blockchain, my older dev neighbor started explaining how NFTs worked

I thought he was confused or stupid or something.

"Wait, so like you have these super rare images, proof you own it on a Blockchain, and a link to the place they're all publicly hosted?"

Him: "Yep"

"And the only use for these right now is as a profile picture?"

Him: Shrug, "yeah, people use them for discord and stuff"

"But... Couldn't you just download the image and use it anyways?"

Him: "Yeah, it's all publicly hosted"

And it was about then my brain locked up. I did multiple hours of research later, sure I had to be missing something

[–] Tak@lemmy.ml 5 points 3 months ago (1 children)
[–] nilloc@discuss.tchncs.de 2 points 3 months ago (1 children)

You can buy medical debt, that has lots negative of value to the indebted.

[–] Viking_Hippie@lemmy.world 1 points 3 months ago
[–] danc4498@lemmy.world 2 points 3 months ago

i believe the IRS would consider this a gift.