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95% of NFTs are Worthless: Report
(petapixel.com)
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this post was submitted on 21 Sep 2023
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Technology
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Hm, yeah I think you're right. I was wondering why it wasn't sitting right in my head. Deflation encourages hoarding because the value of each unit keeps increasing so if you spend now instead of later you lose some amount of potential value. I don't think it was meant to be a scam though. In this case I'd consider it ignorance of the knock-on effects later exploited rather than an explicit conspiracy from the get-go.