NFTs

[BobbyStrawberry]

Who could have possibly predicted that buying $24 million in NFTs was a bad idea?

https://arstechnica.com/tech-policy/...omments-page=1

[bnorth]

Originally Posted by BobbyStrawberry

Who could have possibly predicted that buying $24 million in NFTs was a bad idea?

https://arstechnica.com/tech-policy/...omments-page=1

With the caliber of those selling/pumping them up I can't imagine that they didn't work out.

[BobbyStrawberry]

Originally Posted by bnorth

With the caliber of those selling/pumping them up I can't imagine that they didn't work out.

I wonder how many of the "influencers" that were promoting these things even knew what they were...

[Kaneen]

"Bored Ape NFTs can now be purchased for just $50,000"

Ooh-la-la! Excuse me while I go look for my checkbook.

[Mark17]

Originally Posted by Kaneen

"Bored Ape NFTs can now be purchased for just $50,000"

Ooh-la-la! Excuse me while I go look for my checkbook.

I might be interested in a bored ape NFT. Do you suppose they'd take a non-fungible check?

[D. Bergin]

Originally Posted by Mark17

I might be interested in a bored ape NFT. Do you suppose they'd take a non-fungible check?

Only if it bounces when you drop it on the floor.

[mrreality68]

Originally Posted by Mark17

I might be interested in a bored ape NFT. Do you suppose they'd take a non-fungible check?

I think I have a fungible cream that maybe able to able you.

[Exhibitman]

Watching the loud-mouthed finance bros getting gelded on these 'investments', well, let's just say I've had worse times.

[Fred]

What I have a difficult time understanding is that people want to sue others because they made the decision to invest in something and it didn't work out. Perhaps I'll sue some of the guys on the board if the cards I purchased start dropping in price. My reason will be that I was misled. WTF is this world coming to? I should re-phrase that, WTF has this world become?

[Republicaninmass]

If they were marketed as "investments" there could be a leg to stand on.

[Casey2296]

Originally Posted by Republicaninmass

If they were marketed as "investments" there could be a leg to stand on.

There is literally a member who's username is invest in rookies. The world of taking responsibility for your decisions is gone, unfortunately. You can thank the everybody gets a trophy parents from the 80's , to the hot coffee McDonalds mom, etc, etc...
Tort reform is what this country needs but good luck getting it.

[Mark17]

Originally Posted by Casey2296

Tort reform is what this country needs but good luck getting it.

I've been saying this for decades, but the trial lawyers association is a very heavy contributor to a specific party, so it'll never happen.

[Republicaninmass]

If I can't screw you out of it, I'll sue you out of it, but sure ain't working for it!


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[Exhibitman]

We have very specific investment regulations in states (called "blue sky laws") and Federal, and they are pretty clear on what you can and cannot say in promoting something as an investment. I prefer to let the legal system play out than to condemn either side without the evidence being in. For all we actually know, the NFT promoters sold unregistered securities without complying with the law.

As for the bitching about lawyers, wait till you need one...