Plenty of people have been screwed.
True, definitely romanticized.
I never understood the brazenness of crypto market conversations.
I worry about all of those who believe that they are on the slope of enlightenment, because there is no such thing in an irrational market. Nobody is an expert. Everyone is just trying their best to guess what will happen. 
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Literally nobody has been screwed ever by holding wotc / goldstar cards for 5 years, same goes for bitcoin. These are not arguments but just facts wether you like it or not. This does however not guarantee anything in the future.
People are getting screwed in all kinds of markets: cars, houses, stocks, bonds, collectibles, Onlyfans etc.
As Iāve already said, Iām not here to convince anyone that cryptocurrencies or NFTs are the best thing ever or that everybody should invest in them. There are smarter people than me that are already doing that:
Anyway, I think itās wise to stay open minded about a new invention when some of the smartest people in tech and in the investment/VC world are attracted by it (Elon Musk, Jack Dorsey, Cathie Wood, Marc Andreessen, Ben Horowitz, Peter Thiel, ā¦ ).
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I donāt care about NFTs and most of the crypto space, but thereās a lot of misinformation and misunderstanding ITT about bitcoin.
Crypto is not bitcoin. People always conflate NFTs and various shitcoin cryptocurrencies in their criticism of bitcoin, but itās not all the same. Bitcoin is a protocol that allows peer to peer transfer of value without a central authority or issuer. Its value is its reliability. It works and has worked for almost 15 years. The longer it works without interruption or corruption (both virtually impossible at this stage), the more desirable of an asset it becomes, especially in an environment of deteriorating fiat currencies.
If you struggle to see Bitcoinās value/utility, I encourage you to read or listen to Check Your Financial Privilege by Alex Gladstein.
Itās easy to conclude that bitcoin is a useless imaginary coin on the internet when you live in a western country with access to countless financial services and you donāt personally need bitcoin. However, Billions of people around the world exist in countries and regimes where this is not the case. Bitcoin solves an array of problems for these people (eliminates remittance costs, allows for low-cost point of sale processing, gives people the ability to save in a currency that isnāt undergoing hyperinflation like their local currency, provides the ability to take your wealth with you if you have to flee your country and resettle elsewhere, your bitcoin cannot be confiscated by the government, etc.)
If anyone is interested in genuinely trying to understand Bitcoinās utility/value, I recommend the following:
-The Bitcoin Standard by Saifedean Ammous
-Check Your Financial Privilege by Alex Gladstein
-The Bullish Case for Bitcoin by Vijay Boyapati
-The Price of Tomorrow by Jeff Booth
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the thread that keeps on giving
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Not talking about gold stars. You mentioned people havenāt been screwed by bitcoin and are now doubling down on it as a fact.
That would require the line ONLY going up which has never happened.
Weird hill to die on. But then this thread is weird.
Very reasonable point, thanks for sharing
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Im not an advocate for bitcoin, but you cant argue with the fact that everyone who decided to hold it for 4/5 years have never been screwed.
This time could be different but there is nobody who knows that.
The same goes for wotc and gold star cards.
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Blockchain also resolves the issue of theft. AS LONG AS the transaction is secure, the blockchain will protect the assetās history. From my understanding, which is my field, but not my expertise, this is true even if quantum computing can re-compute the hash, as theyād have to hack a majority of the block chain servers which is still highly unlikely in the foreseeable quantum future, and even more so if properly secured.
You bring up some great points.
Iām a big fan of blockchain, ONCE it is properly regulated or implemented, and the blockchain network is substantially hardened. Far too many are not there yet, and I always remind people: itās far less risky to decrypt or spoof a digital transaction than it is to rob an armored truck - you can do it in your PJs. (This is NOT to say itās trivial or common. Just not deadly.)
edit: Corrected technical detail on hacking blockchain servers/hosts: Hacking a majority of hosts can give one control of the blockchain consensus, IFF the hash can also be reproduced. All this is EXTREMELY UNLIKELY, even with quantum.
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Update: Just bought this mint #1 MechaGodzilla NFT from the Topps collection for $86.
Itās a work from artist Matt āThe Kaiju Kingā Frank.
He was involved in IDW Publishingās Godzilla series from the beginning, drawing and retouching many of the 80 variant covers for Godzilla: Kingdom of Monsters #1. After drawing interiors for Godzilla: Legends #1, he became the main artist for Godzilla: Rulers of Earth , which became the longest-running U.S. Godzilla comic in the characterās history.*
Feels like a good deal - but only time will tell.
Anyway, it is worth $1 million now (my selling price) and you are all invited to come and see it in the metaverse. 
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Forgive me for my ignorance, but what is a āmintā NFT? Can you buy damaged NFTs?
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It means that my #1 MechGodzilla NFT was the first copy that was minted on the blockchain.
The Mint Number is the number of a Specific Collectible.
For example, when you purchase an NFT the Mint Number is your version of the NFT. If the specific collectible has a Mint # of 3, this means this collectible is #3 out of X amount of copies that exist in the world.
Certain mint numbers make NFTs more attractive/ valuable: mint #1 (obviously); mints #2-10; desired numbers like mint #69 or #420
Sometimes special numbers like a certain year: e.g. #54/1954 for Godzilla NFTs because the first Godzilla movie was released in 1954.
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Thank you for the thorough explanation!
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Easier to rob someone in your PJs from your home PC, than to rob a bank with firepower and a getaway carā¦
To be constructive. I agree with @bill below. Please continue to update with crypto and NFT experience as you feel comfy. Itās a very interesting investment, even if Iām not on board. And Iām sure it will continue to be a part of the investment ecosystem into the future.
Please give us more updates in the future!
Do you get some advantages holding the nft? Nftās makes sense to me if you get some advantages of the brand. Example, holding a Mcdonalds Nft gives you a 5% discount on orders or something like that instead of just being a jpeg.
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And it definitely aināt the author
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If youāre a Godzilla fan thereās probably a million other bits of merchandise that are more interesting and established to collect. Itās one of the biggest and most recognised media franchises in the world. You couldāve bought exclusive figures, vintage postersā¦ Instead of those, you now have a receipt for a jpeg 
My suggestion is the Godzilla tissue box they had for sale at the Godzilla hotel in Shinjuku (real ones know).
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