I’m not sure you’ve engaged with my point. I would be shocked if people could quantify the difference or tell them apart, so I agree with most of what you said. But this is compatible with having a belief that you do it for the difference, even if this sounds absurd to you or me, and I don’t see why this belief can’t make a difference.
Do you have examples of people misleading buyers? (Note that you claimed that most are scams, so this should happen in >50% of cases.)
If the incorrect expectations are just implicit, I honestly wouldn’t count that as a scam, but of course now it’s just a matter of definitions. However, shouldn’t you call a lottery a scam by these standards?
If it’s about the belief and not about whether it can be quantified at all, people will always have somewhere to retreat their belief to. At the most extreme, even with extremely good copies people will bottom out to the No Cloning theorem to argue that the original is different.
I don’t have very much rigorous data about what proportion of NFTs are scams, only anecdata. However, my prior due to my extensive experience with the broader crypto space is that for people without the right memetic antibodies, it’s extremely easy to get screwed over in one way or another by shady practices and the very aggressive crypto memesphere (Ponzis, P&Ds, exit scams, vaporware, extremely aggressive marketing, FUD/FOMO, cults, etc), and what I’ve heard about NFTs seems largely in line. I think the term I’m looking for is a bit broader than “scam”, though I’m not sure what the best term is, and I’d be open to changing my post to use that term instead. Overall, I’m not very interested in litigating out exactly what % of crypto/NFTs are this way, because it’s not what I’m most interested in.
If it’s about the belief and not about whether it can be quantified at all, people will always have somewhere to retreat their belief to. At the most extreme, even with extremely good copies people will bottom out to the No Cloning theorem to argue that the original is different.
Well, since we don’t have any data on this, there’s not really a way to find out who’s right. Though I intend to just ask some people how they feel about it.
I don’t have very much rigorous data about what proportion of NFTs are scams
Sorry, but isn’t the “scam” part a property of how the NFT is sold rather than the NFT itself? Otherwise I don’t understand what part of the NFT makes it a scam.
Based on browsing the market and arguing with people, it seems to me that sellers lying to buyers about it being a good investment is rare. (This is the standard I would use for “scam”, but, well, words.) The other relevant statistic is the percentage of buyers that are purchasing NFTs thinking that they are a great investment (even if this has not been explicitly promised). Agree that this isn’t core to your post, though.
I’m not sure you’ve engaged with my point. I would be shocked if people could quantify the difference or tell them apart, so I agree with most of what you said. But this is compatible with having a belief that you do it for the difference, even if this sounds absurd to you or me, and I don’t see why this belief can’t make a difference.
Do you have examples of people misleading buyers? (Note that you claimed that most are scams, so this should happen in >50% of cases.)
If the incorrect expectations are just implicit, I honestly wouldn’t count that as a scam, but of course now it’s just a matter of definitions. However, shouldn’t you call a lottery a scam by these standards?
If it’s about the belief and not about whether it can be quantified at all, people will always have somewhere to retreat their belief to. At the most extreme, even with extremely good copies people will bottom out to the No Cloning theorem to argue that the original is different.
I don’t have very much rigorous data about what proportion of NFTs are scams, only anecdata. However, my prior due to my extensive experience with the broader crypto space is that for people without the right memetic antibodies, it’s extremely easy to get screwed over in one way or another by shady practices and the very aggressive crypto memesphere (Ponzis, P&Ds, exit scams, vaporware, extremely aggressive marketing, FUD/FOMO, cults, etc), and what I’ve heard about NFTs seems largely in line. I think the term I’m looking for is a bit broader than “scam”, though I’m not sure what the best term is, and I’d be open to changing my post to use that term instead. Overall, I’m not very interested in litigating out exactly what % of crypto/NFTs are this way, because it’s not what I’m most interested in.
Well, since we don’t have any data on this, there’s not really a way to find out who’s right. Though I intend to just ask some people how they feel about it.
Sorry, but isn’t the “scam” part a property of how the NFT is sold rather than the NFT itself? Otherwise I don’t understand what part of the NFT makes it a scam.
Based on browsing the market and arguing with people, it seems to me that sellers lying to buyers about it being a good investment is rare. (This is the standard I would use for “scam”, but, well, words.) The other relevant statistic is the percentage of buyers that are purchasing NFTs thinking that they are a great investment (even if this has not been explicitly promised). Agree that this isn’t core to your post, though.