- Joined
- Dec 28, 2014
It actually does have inherently valuable attributes. For instance, it's strictly limited in quantity, and can't be deflated by just issuing more of it. That's an attribute that makes it more useful as a store of value than fiat currency. If it lost that attribute it would be nearly instantly worthless.It's no different than Bitcoin when you get down to it. The only reason Bitcoin, NFTs and other forms of crypto are worth anything is because people are willing to spend money on them. Bitcoin has no inherent value.
NFTs are closer to inherently worthless because they lack fungibility, an odd choice when that's one of the strengths of cryptocurrency in the first place. There's a reason those things are the scammiest crypto product yet.