What was its use case?Bonfire has imploded, one guy had £250k invested
Keep believingI still think this is no better than a gamble and will end in tears. A bit like the tulip bubble of 1637.
They seem to have a good infastructure. Just exchanged some binance coin for it.
Any idea what's going on there?
I don't get why ppl buy these though?mate bought 10 nfts last week. 50 ada each. They look utterly pointless, little clip art pixel things. Just sold one today for 700 ada (about £1200). Got another 9 to sell.
canny profit if you fancy the gamble!
How is a bunch of pixels, that anyone could copy or recreate, scarce?
I agree with you on that.How is a bunch of pixels, that anyone could copy or recreate, scarce?
If I have the Mona Lisa, no-one else can have it. An electronic file of an artwork is the opposite of scarce.
This misunderstanding of scarcity is going to leave a lot of people eating big losses. Its just a matter of when.