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<p>[QUOTE="Dafydd, post: 26187529, member: 86815"]It's the ultimate in the Emperors New Clothes. If you can't hold it you don't own it!</p><p>Until Russia invaded Ukraine, one of my daughters worked in marketing representing a digital currency outfit owned by a Russian. She was earning huge sums of money and part of their operation was selling NFT's. They auctioned $100,000 cars "painted" by NFT artists and you could only see them if you bought their key and the prices were in the millions. To her credit she resigned on moral grounds when Russia invaded Ukraine and has worked her way up to managing a company that provides aids to huge corporations allowing accessibility to their products to disabled users. </p><p>The huge thing I took from her very lucrative employment was, that neither she nor her senior colleagues accepted payment in Bitcoin. They would only accept Pounds Sterling, Dollars or Euros. </p><p>She is a millennial so was never taught history so I had to explain to her about the "South Sea Bubble". Her comment was "yes, just like Bitcoin, a figment of the imagination and who wants to own anything where you lose your wealth when someone switches you off". </p><p>The answer is perceived value and people motivated by greed because they don't take the trouble to understand the reality of what they are buying. This coin has no tangible association to the "value" of Bitcoin and intrinsically is worth , as [USER=92655]@Randy Abercrombie[/USER] intimates, $1 and the laughable grading fee.</p><p>I love this because it deflects stupid investors from screwing the market for bona fide collectors. Long may they waste their money and time on such stuff.[/QUOTE]</p><p><br /></p>
[QUOTE="Dafydd, post: 26187529, member: 86815"]It's the ultimate in the Emperors New Clothes. If you can't hold it you don't own it! Until Russia invaded Ukraine, one of my daughters worked in marketing representing a digital currency outfit owned by a Russian. She was earning huge sums of money and part of their operation was selling NFT's. They auctioned $100,000 cars "painted" by NFT artists and you could only see them if you bought their key and the prices were in the millions. To her credit she resigned on moral grounds when Russia invaded Ukraine and has worked her way up to managing a company that provides aids to huge corporations allowing accessibility to their products to disabled users. The huge thing I took from her very lucrative employment was, that neither she nor her senior colleagues accepted payment in Bitcoin. They would only accept Pounds Sterling, Dollars or Euros. She is a millennial so was never taught history so I had to explain to her about the "South Sea Bubble". Her comment was "yes, just like Bitcoin, a figment of the imagination and who wants to own anything where you lose your wealth when someone switches you off". The answer is perceived value and people motivated by greed because they don't take the trouble to understand the reality of what they are buying. This coin has no tangible association to the "value" of Bitcoin and intrinsically is worth , as [USER=92655]@Randy Abercrombie[/USER] intimates, $1 and the laughable grading fee. I love this because it deflects stupid investors from screwing the market for bona fide collectors. Long may they waste their money and time on such stuff.[/QUOTE]
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