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.

  • Deadend [he/him]
    ·
    3 years ago

    Honestly, I want to imagine that most people fucking with NFT/ etherium basically have a bunch of it due to whatever, and also can’t cash out safely, due to how they got the money or whatever. So it’s just a game to them because this shit isn’t real.

    The people who are turning USD or any actual currency / buying in are actually idiots.

    • invalidusernamelol [he/him]
      ·
      3 years ago

      That's where all the real value comes from. Mainly cartels. There are thousands of people who have like 100 eth they got for $100 to buy drugs years ago that have been "investing" their earnings on that and are worth "millons" now, but they can't actually pull it out.

      I definitely think the whole ecosystem is basically a ledger for large scale drug and arms transactions at this point.