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Message: <blockquote data-quote="Gorgon Zee" data-source="post: 8549459" data-attributes="member: 75787">NFTs are as pure form of speculation as you can see; the value of them is tied only very lightly to any real-world effects; as far as I can see the only thing that might affect their value is the perception of the popularity of their creator. When you are buying one you are risking money in the hopes that the future perception of the creator, and of NFTs in general, will rise, resulting in a profit for you. As historians shown us, any time there is speculation, there is strong potential for scamming. If a company actively hides the knowledge that there is a strong risk of loss in the speculation, that is when it becomes evil.Their value as a non-investment is essentially in the eye of the purchaser. You buy a small piece of uniqueness that can be independently verified. It's much like buying an autograph -- the value to you is really in your own reaction to it. As far as the environmental cost is concerned, NFTs are awful. Each NFT requires about the same amount of energy as the average European uses in a month. But carbon offsetting is not a form of scam, as several people seem to be indicating. For example, using carbon offsets to protect forests directly leads to carbon reductions that  balance out the cost. It is a tricky business to evaluate, but simply writing off carbon offsetting as as scam is a bit extreme.Are NFTs good for the environment? Nope, but then neither are cows and we're not seeing all the people complaining about NFTs becoming vegans. Are NFTs a good investment? I guess it depends if your definite of good is "massively speculative with high potential fro complete loss." Are they fun to own? That totally depends on you.</blockquote>

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