Comments by "LancesArmorStriking" (@LancesArmorStriking) on "$69 Million for a JPEG File - The Wild World of NFT’s" video.

  1. Because a recent surge of people watched that Adam Ruins Everything video, and it percolated out through the Internet from there.
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  2. I don't think it will collapse anytime soon. The flexibility of fiat means it is too valuable (ha) to be abandoned now— certainly by national governments. Russia and China, interestingly, have been buying a lot of gold recently, maybe in anticipation of a shift. Or maybe to safeguard against the U.S.-led global financial system. Either way, it's interesting, but I don't think it or this new wave will mean the end of fiat
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  3. I've never been more confident!
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  4. I'm still very confused— how can an NFT be applied to a fundamentally fungible work of art (digital, being infinitely reproducable)? I get Jack Dorsey selling the rights to his tweet, as there is only one of those in the world, and the identity, rather than the likeness, of the tweet is being sold. But selling the picture of Nyan Cat? How does that even work? What if it is reproduced, with one pixel altered? Is that a new product to be sold?
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  5. I think they're talking about material resources being simulated too, not just currency lol
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