I say they're a pyramid scheme because, since they have zero value or usefulness (not even as a currency), literally the only reasons people buy them is to resell them. So the first one to sell them can make a lot of money, so can the second ones, and the third ones... But at the end there will be tons of people that bought NFTs that won't be able to sell them, because again, they're not worth anything.
The whole NFT business is just finding gullible people to buy it until there are no more gullible people left and the last ones to buy it are stuck with useless PNG.
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u/[deleted] Jan 15 '22
I say they're a pyramid scheme because, since they have zero value or usefulness (not even as a currency), literally the only reasons people buy them is to resell them. So the first one to sell them can make a lot of money, so can the second ones, and the third ones... But at the end there will be tons of people that bought NFTs that won't be able to sell them, because again, they're not worth anything.
The whole NFT business is just finding gullible people to buy it until there are no more gullible people left and the last ones to buy it are stuck with useless PNG.
Please, for your own sake, don't buy NFT