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Would you buy a share of a coin?
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<p>[QUOTE="Blasty, post: 8226459, member: 38375"]FPNI (First Post Nails It!)</p><p><br /></p><p><br /></p><p><br /></p><p>I see what you did there <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Anyway, this idea of selling shares of an object like a coin, a bullion bar, or an expensive bottle of scotch as another example I saw recently, is just absurd to me. This is the problem I have with NFTs, which I'll admit I still don't fully understand. I'm trying to get there for my own education.</p><p><br /></p><p>What I do see so far is another way to get people to trade money for nothing while the person receiving the money also holds all of the value. Phasing out private ownership; not cool.</p><p><br /></p><p>I've mentioned it before, I get that there is some irony in making this statement while at the same time I have numbers in an account saying that I own shares of companies.</p><p><br /></p><p>Just like the coin cannot be split up, companies can't part with my percentage of the physical assets so I can hold them myself. They would be worth much less that way. It's a necessary evil as it relates to stocks, but I'd rather not have all the other things I "own" be that way.[/QUOTE]</p><p><br /></p>
[QUOTE="Blasty, post: 8226459, member: 38375"]FPNI (First Post Nails It!) I see what you did there :) Anyway, this idea of selling shares of an object like a coin, a bullion bar, or an expensive bottle of scotch as another example I saw recently, is just absurd to me. This is the problem I have with NFTs, which I'll admit I still don't fully understand. I'm trying to get there for my own education. What I do see so far is another way to get people to trade money for nothing while the person receiving the money also holds all of the value. Phasing out private ownership; not cool. I've mentioned it before, I get that there is some irony in making this statement while at the same time I have numbers in an account saying that I own shares of companies. Just like the coin cannot be split up, companies can't part with my percentage of the physical assets so I can hold them myself. They would be worth much less that way. It's a necessary evil as it relates to stocks, but I'd rather not have all the other things I "own" be that way.[/QUOTE]
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