And timeshares. And pyramid schemes.
I remember my parents doing one of those weird chain letter things where you’d copy the letter to a few other people, send a few quid to the people on the list, and within weeks you’d be sent thousands of pounds, if only the scheme didn’t require more people than there were in the whole country.
friendlymessage@feddit.org 3 days ago
Not really the same, I mean, Beanie Babies actually physically exist and require work to be produced
CheezyWeezle@lemmy.world 3 days ago
No prior equivalent? NFTs are basically just an evolution of fraudulent bonds and fake stocks, which people have been falling for for literally centuries.
AppleTea@lemmy.zip 3 days ago
also, tf2 hats
Mulligrubs@lemmy.world 3 days ago
I have a derby! It’s worth a billion dollars
nexguy@lemmy.world 3 days ago
A beanie baby did exist yet provably cost $1 to make and sold for hundreds…pretty valid comparison.
cujo255@sh.itjust.works 2 days ago
But can you click ‘save as’ on a beanie and have an identical copy for free?
nexguy@lemmy.world 2 days ago
You can have a duplicate made for a few bucks. Not free but when the difference is $1 to $1000 or $0 to $1000, no one wants your beanie baby just as much as no one wants your nft monkey picture.
Both can be authenticated to say you own the only blockchain backed copy of an nft or a rare beanie baby. Almost no one cares about either.
JillyB@beehaw.org 3 days ago
Just because beanie babies exist in the real world doesn’t make them valuable. The NFT bubble was similar to the beanie babies bubble.