The suspected-bot buyer also paid very high "gas" fees - which determine how quickly the Ethereum network processes a transaction - of 8 ETH ($32,000), to ensure the sale went through almost instantly.

Imagine if money charged you $32k on a $3k purchase to process that sale "almost instantly". NFTs should be an opt-in card for organ donation.

  • Helmic [he/him]
    ·
    3 years ago

    See, I think that it's just going to eat complete shit in a way that's extremely funny, but that crypto may actually get adopted specifically to justify higher prices for digital goods even though nobody will actually be buying the secondhand stuff. No public ledgers, just an easier way to keep track of shit like Valve does to siphon off money from other people. It seems like it could be an extension of the "neofuedal" model used by Uber and such where a capitalist literally just makes "the platform" and taxes the lumpenproles trying to earn a living through it, selling a myth that you can get rich.