Inspired by another NFT failure
Apr. 14th, 2022 04:55 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
feotakahariMoney can be exchanged for goods and services, but not everything can be exchanged for money. If you give someone your money for something you expect to go up in value, they now have money they can exchange for goods and services, and you do not.
True, it’s possible you’ll be able to exchange the thing for money. It’s also possible nobody will want it and you’d have achieved the same thing by buying a shiny rock. At the very least, one person thought it was time to get rid of the damn thing and take your money instead.
(Of course, if your country’s currency craters so badly that nobody wants it, you might be better off with goods that can be exchanged for some other country’s currency.)
True, it’s possible you’ll be able to exchange the thing for money. It’s also possible nobody will want it and you’d have achieved the same thing by buying a shiny rock. At the very least, one person thought it was time to get rid of the damn thing and take your money instead.
(Of course, if your country’s currency craters so badly that nobody wants it, you might be better off with goods that can be exchanged for some other country’s currency.)
