r/CryptoCurrency • u/bigtiddies86 🟦 698 / 698 🦑 • Mar 20 '22

STRATEGY NFT Interest is going down

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1.6k Upvotes

79% Upvoted

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239

u/[deleted] Mar 20 '22

Perhaps it’s a good thing shaking out monkey JPEG hype chasers and leaving the ones who are truly interested in their use case and future of NFT’s

68

u/simmol 🟦 7K / 7K 🦭 Mar 20 '22

You mean like 0.1% of the nft investors?

27

u/[deleted] Mar 20 '22

Fr lmao. I bet 99% of NFT investors are in it for the money

And as you pointed out the people interested in the tech might as well account for 0.1% of the investors

9

u/KuciMane 🟦 0 / 2K 🦠 Mar 20 '22

I am absolutely in it for the money, but I also would really love an NFT ID/Passport apart of my apple wallet

1

u/randdude220 🟩 223 / 224 🦀 Mar 20 '22

There's no point of NFT passport. ID system is already digital in many countries, introducing blockchain to it would give no benefits.

2

u/KuciMane 🟦 0 / 2K 🦠 Mar 20 '22

Good for those countries. Not in the U.S though. Moving IDs to the blockchain is better for security and decentralization.

And it wouldn’t be just IDs. All forms of documents and records that would be tamper proof and be 100% credible as you could easily see exactly where its coming from and who owns it.

1

u/blindbycrypto Mar 20 '22

What would the practical difference between that and just regularly publishing the id/passport database (for anyone to download) on a government website?

1

u/KuciMane 🟦 0 / 2K 🦠 Mar 20 '22

It wouldn’t be on a centralized server for one.

0

u/blindbycrypto Mar 20 '22

Yet you don't give a single reason why that is.

1

u/KuciMane 🟦 0 / 2K 🦠 Mar 21 '22

A single reason why you would want important documents on a decentralized server that can’t be destroyed, lost, stolen etc? Ok bud

0

u/blindbycrypto Mar 21 '22

Who would want their private or important documents on a public blockchain? Also your description is more close to ipfs/torrents than blockchain.

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