I have no idea what NFT’s are all about other than a very basic definition.
Was wondering if any crypto-nerds could help say yey or ney that there is some possibility NFT’s could be the gold that destroys the FED.
I don’t know enough about it to comment beyond this. Brainstorming is appreciated.
Thanks!
One of the use cases for NFTs are smart contracts which essentially can cut out the middle man.
Think of a record label that squeezes their artists and screws them out of royalties. With NFTs the artist is in control and each sale (and resale) of their songs or albums would be a constant revenue stream that otherwise would have been handed over to the record labels. The artist is now in control of their music / art.
Turn it towards the financial industry. Stocks tied to individual NFTs cannot be duplicated. The blockchain would act as a sophisticated ledger, preventing the naked short sales that you see currently on GME and other highly shorted stocks. NFTs prove ownership.
In theory a digital coin could be created in limited amount that holds intrinsic value if attached to a physical object such as gold. The NFT would prove its authenticity. The NFT could facilitate authentic trading of the physical object.
NFTs are way more than just JPEGs.
🤦♂️ Just buy silver. There's a reason every president who tried to move us back to silver was assassinated. EVERY. SINGLE. ONE.
Silver is the best anti-fed investment.
Yesterday I was watching my favorite "Q gateway" video.
The 2nd American Revolution
https://www.bitchute.com/video/ZnV1OVR8jnvM/
Remember all the news footage with him coming down the escalator to announce his candidacy? I always found it odd. An escalator? I had noticed it before, but now it resonates with me since my eyes are now open. Look behind him. "CURRENCY EXCHANGE" It was there all along.
https://youtu.be/9sg4uf37krc?t=8
Great spot! Thanks for sharing.
NFT's right now, suck, because they are only used for shitty artwork, but the potential is huge. It could be the backbone of a new stock market, where you buy a share without a broker or middle-man, and have a unique authentication for that share. No more naked shorting, or market makers just giving you an "iou". There are lots of other use cases, for instance, property titles without a title company. The people giving NFT's a bad rep just don't understand the potential.
Or they don't want others to.
If there were to be a new gold backed currency, you could use NFT's to link that currency to specific gold deposits.
I think :)
NFT’s are where you trade your hard earned money for someone’s digital bullshit. Buying most baseball cards are a analog version of NFT’s. Buyer beware.
A nft is an original copy of a digital file. It can be things like art or music or a piece of digital clothing in the metaverse.
I don't think that brings down the fed.
I think the gold they are referring to is physical gold. Think Brics nations w a basket of gold backed currencies. Unbacked fiat is on its way out.
Fail to see how one cannot see the sheer evil of having an economy based off wealth one cannot hold. Even if it is just a piece of paper or plastic we have to be able hold and have the freedom to freely exchange said wealth, there's always going to be a middle man. Nfts, crypto etc all stink. Something that is meant to replace an already evil system shouldn't stink worse.
No, a run on the physical metals alongside the interest rate increases are what will destroy the fed. the metals have been overleveraged to keep the prices artificially deflated while the fed trys to trick us into their next fiat play.