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Comment by theragra | Hacker News Reader

While I agree NFTs are dumb, argument that they are scum is weak. People pay for all kinds of dumb things, like penny stocks or collectibles.

I am sure there can be people that pay for database entry and are happy with their purchase.

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Then why have I never seen anyone talk about the cool NFT's they own and instead everyone talks about them making quick bucks on NFT's? Look at youtube search results, not a single person talks about the cool NFT's he has, just a lot of people trying to sell their NFT's for a quick buck.

https://www.youtube.com/results?search_query=nft

Compare with stamps, I see some people talk about making a quick buck on stamps but also a lot of people talking about their stamp collections. There is a huge difference here, the nft case you see 99% scum and 1% calling out the rest of them as scum, and not a single enthusiast who cares about the NFT. Stamps I see mostly enthusiasts and a few scum posts.

https://www.youtube.com/results?search_query=stamps

So until you can find me all these "enthusiast NFT collectors", I'll assume that they don't exist. They could exist in theory, but I have seen no evidence that a single NFT collector actually exists in this world.

Hi, I’m an NFT collector. A bunch of my friends are too.

Problem is that calling yourself an NFT collector is a way to raise the value of NFT's and therefore something an NFT scammer would do, so you doing that doesn't prove anything. Similarly buying an NFT from yourself for a million dollars is a good way to trick people into a buying frenzy buying all your other NFT's. So until I see evidence that these eccentric billionaires who pays a lot of money for these actually exists and aren't just parts of the scam I can't trust you on this.

But at least you are a data point, now I have seen one person claiming to buy NFT's to keep rather than resell, even if I don't necessarily trust you. So thanks!

Ok, why do you collect NFTs?

Do you invite dates in to see your NFT collection? Do you occasionally open it up to admire the hash values? Do you enjoy posting on forums telling people you own NFTs? something else …?

I worked at a company that's done several record breaking NFT auctions and sales. The top tier NFT collector / whales I've know have been constantly talked about how much they like the things they are buying / bidding on. Both in public, and in private.

User interviews seem to go like this:

Us: Why did you bid on this NFT [for upper six figures] Them: I liked it.

Or just take a look at most of this guy's tweets:

https://twitter.com/crypto888crypto/status/14448949722478960...

That account is an advertisement account for NFT auctions, not sure how that would convince me that NFT's aren't a scam.

https://www.888innercircle.com/

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