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Comment by herbst | Hacker News Reader

As someone who still proudly owns one or two (actually 'useful') NFTs I never heard of s gamestop nft marketplace.

What utility do your NFTs have?

I have land on Sandbox game. Which didn't cost a lot when I bought it initially (like $80) and is still worth much more than initially paid while the game is slowly still majoring. Could have sold them for 15k each in the NFT hype but I rather build my imperium in their universe one day :)

Phew, that was close. I thought I had missed a story about NFTs having actual utility.

Seems like the only "utility" is hope - hope that an $80 bet turns into more.

Current market value is at ~$600 and it's a playable game with actual users getting regular updates. It's more or less the maximal value of all NFTs I can remember right now.

It's about as much utility as one of those Wii figures for $40. Why don't we simply appreciate that some NFTs aren't total bullshit but fun tech toys?

This is an excellent point. Few people can appreciate the utility of losing tens of thousands US dollars by hodling

I know nothing about actual investing. I am just happy when I buy thing at value A and sell same thing and much higher value B.

The rollercoaster in between is to much stress and usually not worth the ride

This is a good point. “Utility” means “something that makes me happy” and “sell at higher value” means “not selling a thing”

The videos I posted at top level are, unintentionally, for you.

You're image url didn't go offline yet?

People get really pissy about my $160 investment here. No, the land is still there, the game still in active development. People spend $100 on AAA games and $500 on Kickstarter early access bullshit but me owning a bit land in an actually playable game is weird ..

Why would I be pissed about your "investment"? I earned * 9 with crypto, when I sold end of 2017. I'm at peace with that ( selling in that periods high) and shifted to stocks.

I'm just pointing out that NFT's, in a lot of cases, just point to an image on a website...

Why are you upset about that?

If you wanted me to be more specific, you didn't give me any details.

Now that you did...

How long did you have that "land" and what's it worth now?

> People spend $100 on AAA games and $500 on Kickstarter early access bullshit

If it helps, I also think those people are weird.

I too think that. But I guess most people spend money on things that are weird for others

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