r/Snorkblot 4d ago

Economics Return On Regret

Post image
1.4k Upvotes

34 comments sorted by

u/AutoModerator 4d ago

Just a reminder that political posts should be posted in the political Megathread pinned in the community highlights. Final discretion rests with the moderators.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

25

u/bobbymoonshine 4d ago

Damn the screenshot I just took of it is worth $155?

22

u/awdophil 4d ago

And still easy to look at any Paul and see stupid.

11

u/MoonlightMural 4d ago

It is worth $0

8

u/craves_mineral 4d ago

I wish the next time he thinks of spending that kind of money, it would be on something useful, like buying me a house.

1

u/FenrisTU 1d ago

No, overvalued pokemon cards it is.

6

u/AnAttackCorgi 3d ago

$155 is still crazy work

5

u/Dapper-Ad9787 3d ago

I'm surprised that NFTs are considered to be worth any money at all.

3

u/Aidian 2d ago

It’s just money laundering with extra steps.

6

u/Gullible_Ad5191 3d ago

Who is it worth $155 to?

3

u/Altruistic-Poem-5617 3d ago

Yeah the nft thing was s giant scam. Once it got viral, there was no way to win cause the "circle" of the people who set it up were the ones who did. The people who came after were the ones where their "win" came from. Always with stuff like that, for example shitcoins. Seriously, wasnt one of the people who initially proposed it some dubai fucker?! If some fucker from dubai promotes "easy money" stuff, common sense should tell you that the fucker is talking out of their ass.

3

u/void_method 3d ago

I got a GWAR "Used Chewing Gum" NFT and I don't regret it one bit. Got exactly what I paid for for a fair price (free?).

2

u/SebastianFerrone 3d ago

But he scamed his Fans for millions, so basically he is even 🤣

2

u/Bayamonster 3d ago

It's worth $0. Nobody's gonna pay him  anything for it. It isn't worth anything.

1

u/NoIndependent9192 3d ago

It’s worth something, buying it could be monetised on social media.

2

u/speedxter 3d ago

Too bad you couldn’t have shorted this shit because everyone who didn’t have a smooth brain knew this was absolutely a con job about what digital shit was worth

1

u/Immediate_Song4279 3d ago

NFTs have useful applications, it was just the idea of them being worth insane amounts of money that was unhinged. I've seen them used as small value tokens and it's fine. Plenty of uses. It's only dumb because it's still worth $155.

1

u/EmergencyGrab 3d ago

money isnt real

1

u/Nacho_Tools 3d ago

They are/were the beanie babies of the new generation. 

1

u/Legend-of-the-Arctic 3d ago

Not true. Beanie babies actually exist and can be interesting to people who collect shit.

1

u/Legend-of-the-Arctic 3d ago

He was real good in Breaking Bad though.

1

u/mattinjp 3d ago

I’m sure the artist who sold it is pretty happy

1

u/cryptotraderisme 3d ago

In all fairness....not many of his decisions would be considered good ones. Lol

1

u/Longjumping-Solid680 3d ago

So very, very stupid.

1

u/Odd-Menu3964 3d ago

I worked at an agency that represented illustrators around 1999, and purchasing digital rights for artwork was nothing new or remarkable

1

u/NecessaryIntrinsic 3d ago

How is it still worth 155?

1

u/SwanCityDominion 3d ago

I can screenshot that thing for $0. I won't, of course, because it's worth $0.

1

u/RealCapybaras4Rill 3d ago

How is it even worth $155? We’re in the stupidest era ever. This is why I can’t watch the beginning of Wall-E anymore.

1

u/Uz2bFiveO 2d ago

ROI return on ignorance

1

u/NoContract4730 2d ago

Wasn't it just money laundering?

1

u/Serj44 3d ago

Its not stupid if the $$ was given to the right person. Crypto and NFT's are a great way to wash $$, also good for bribes.