<story><title>Charlie Bit My Finger video to be taken off YouTube after selling for £500k</title><url>https://www.bbc.com/news/newsbeat-57227290</url></story><parent_chain><item><author>ALittleLight</author><text>I would describe myself, usually, as not a jealous man. I don&amp;#x27;t recollect the last time I&amp;#x27;ve felt jealousy. But, something about NFTs provokes anger within me. Maybe that anger is jealously.&lt;p&gt;It feels like NFTs are a mockery of the &amp;quot;market&amp;quot; for lack of a better word. When I think of what I would need to sell (items or time doing labor) to get these amounts and how incredibly useless NFTs actually are... It&amp;#x27;s frustrating.&lt;p&gt;I don&amp;#x27;t feel this way about inherited wealth, or people who got money through the lottery, or for being famous reality show people, but something about NFTs really rubs me the wrong way.</text></item></parent_chain><comment><author>bigdollopenergy</author><text>I recently heard someone say &amp;quot;I&amp;#x27;m not stupid enough to make money in this market&amp;quot;, and I think it rings very true.&lt;p&gt;With the short squeeze speculation on stocks, the crypto run+crash and NFT&amp;#x27;s. The market is a very confusing place nowadays. You&amp;#x27;d have to be bonkers to invest in these things on paper, but yet, lot&amp;#x27;s of people are making bank from it every day (and vice versa).&lt;p&gt;NFT is probably the most confusing of the bunch. I understand the technology and what it actually is, but I see little to no value in it. I strongly suspect that the vast majority of these NFT sales are just people buying from themselves to inflate perceived value or just money laundering. That said, it actually looks like this false hype has turned into real hype somehow and people are actually making money from this. NFT&amp;#x27;s are probably the closest thing we&amp;#x27;ll see to Tulip mania for long time, at least cryptocurrency has some (largely unrealized) utility and potential to become something widely used in the future.&lt;p&gt;In order to make lot&amp;#x27;s of money nowadays, you shouldn&amp;#x27;t ask yourself &amp;quot;What is actually going to make a profit and&amp;#x2F;or provide utility in the future?&amp;quot; but rather &amp;quot;What are all the stupid people going to pile in on next so i can get in and out before it crashes?&amp;quot;.</text></comment>
<story><title>Charlie Bit My Finger video to be taken off YouTube after selling for £500k</title><url>https://www.bbc.com/news/newsbeat-57227290</url></story><parent_chain><item><author>ALittleLight</author><text>I would describe myself, usually, as not a jealous man. I don&amp;#x27;t recollect the last time I&amp;#x27;ve felt jealousy. But, something about NFTs provokes anger within me. Maybe that anger is jealously.&lt;p&gt;It feels like NFTs are a mockery of the &amp;quot;market&amp;quot; for lack of a better word. When I think of what I would need to sell (items or time doing labor) to get these amounts and how incredibly useless NFTs actually are... It&amp;#x27;s frustrating.&lt;p&gt;I don&amp;#x27;t feel this way about inherited wealth, or people who got money through the lottery, or for being famous reality show people, but something about NFTs really rubs me the wrong way.</text></item></parent_chain><comment><author>benlivengood</author><text>It&amp;#x27;s righteous anger at a waste of resources and critical lack of understanding.&lt;p&gt;NFTs aren&amp;#x27;t commodities or assets, they&amp;#x27;re just conspicuous consumption.  Dramatically showing off how much money a person can waste on an illusion is cringe-worthy.  It makes me annoyed in the same way pay-to-play games annoy me.</text></comment>