NFTs

Out of context: Reply #745

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  • neverscared2

    "100 percent based on the Greater Fool Theory."

    BILL GATES RUTHLESSLY MOCKS NFTS AS CRYPTO MARKET COLLAPSES

    Speaking on Tuesday at a TechCrunch climate conference, the billionaire said that virtual coins and their non-fungible friends are "100 percent based on the Greater Fool Theory." That's an economic idea that, in short, refers to the buying and selling of over-hyped assets with little to no intrinsic worth, under the assumption that there will always be a "greater fool" to purchase that asset for even more money than initially paid.

    https://futurism.com/the-byte/bi…

    neverscared 2Permalink
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    • and I thought it was greater fools that bought Microsoft business products.microkorg
    • Gates is right hereKrassy
    • well they sure not collapse like eth....neverscared
    • and nftneverscared
    • MSFT is a solid, solid investment. He's 100% correct, reality is even harsher as people 'believe'.formed
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