Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I will happily ignore NFTs, but look at money itself - it's a token too. It was supposed to represent and be coupled to real-world productive activity, but clearly there are many cases where the two have become decoupled. A price can be below the intrinsic worth of the item, and can be almost arbitrarily high. The source of truth is supposedly the item, the productive work that went into it, but in a heavily financialized economy, a lot of people make more money from mere price fluctuations than from productive activity.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: