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Comment by jonathan-adly

4 years ago

Very similar story here.. I had a few party hats in Runescape which made the whole NFT thing and to a lesser extent Bitcoin so much easier to understand.

7 comments

jonathan-adly

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jayd16  4 years ago

I still don't get it. We already sold digital assets so why do we need NFTs or Blockchain? What does it add here?

  • jonathan-adly  4 years ago

    Party hats served no purpose whatsoever in the game except as a status symbol (arguably even!). Yet, was worth a lot of money in the game (and a god sum in real life for a high schooler)

    Humans are emotional animals, utility is a very poor approximation of value.

  • smolder  4 years ago

    A somewhat hard to erase record of which url "belongs" to whom. That, and it gives them the appearance of having some high tech magical properties that will lead to an explosion in value, helping to justify asking prices to the marks.

  • wyre  4 years ago

    NFTs are the equivalent of decentralized RS party hats.

    • rtkwe  4 years ago

      Except instead of a fixed (or decreasing as people slowly accidentally lose or leave the game with them in their bank) amount anyone can make a new (ugly as hell) party hat any time.

      Oh and the party hat could just disappear leaving you with a receipt saying you own... something no one can see any more.