Written By TheChoujinVirus
Note: The following is based on my own opinion. So do not take them personally should you do
Happy Tuesday everyone, it’s ya boy Choujin here.
Ya boy is familiar with these things of cryptos and NFTs.
What are these you’re talking about? To summarize it, and for those who don’t know (and haven’t watched the videos).
NFTs or “Non-fungible token” is more tied to things like digital art, audio, or photos. While Cryptos are basically cryptocurrency used online like BitCoin. Essentially, in ya boy’s opinion, fake money and value with fake worth. First off, NFTs are more or less fancy templates that folks can use and devalue the originality. Meaning that drawing of a monkey with a hat is probably replicated and sold to other people for the same value. Worse yet is that many can be imitated. This is like buying a fake Rolex for the price of a real one without knowing that you bought a fake. That’s the issue with NFTs. You think you’re getting value from something that can be replicated. At least if let say someone buys a piece of art, one can know if its real or a replica. NFTs there’s no safety net.
For Cryptocurrencies, I’m not a fan of the basis of digital premium money that may not have any security should it dissipate or get hacked. That and the market’s being filled by various people wanting to cash onto the crypto market. In fact, some people have called out a possible crash with this economy. To me, I’d rather take my chances with future investments and bank investments over crypto that can fall apart.
To me, the question is this: Why do people invest in fake materials that can’t have a safe value. I mean, sure..some of us hold onto old things of value like Beanie Babies, Pokemon Cards, action figures and various other things. However, we know they’ll retain in value. NFTs…how do we know that badly drawn monkey someone bought won’t be replicated and thus lose their uniqueness? How do we know that Cryptos will retain their value and not end up with the value of a Blockbuster’s gift card?
Don’t know..but ya boy would rather not get themselves in trouble with stuff that won’t become the same worth as a rotten banana peel.
What’s your take on NFTs and Cryptos? Comment on this and give ya boy some feedback





