>What use do NFTs serve?
Creating exclusivity in the realm of digital art, as far as I can tell. Do I find NFTs valuable? No, not really, but I know humans value exclusivity, and I understand that NFTs offer artists the ability to create exclusivity, and these two facts paired together means that value was generated. Though it's about as tough a market to break into as selling hard copy originals. Why? Because you're selling the same thing. Anyone can take a picture of the Mona Lisa, anyone can download a picture of the Mona Lisa, anyone with an internet connection can enjoy the intrinsic value of the Mona Lisa, but there is only one Mona Lisa. Likewise, anyone can download a jpeg, what you are buying is not the jpeg, it's the exclusivity of owning that specific arrangement of pixels, and just like the Louvre probably doesn't give a fuck that anyone can take a picture of the Mona Lisa, they still own it. Anyone can download a jpeg, but now I have a system of managing exclusivity. You can say it's silly to claim you own the arrangement of pixels, but I would claim it's equally silly to claim you own the land you're on because a pretty piece of paper from the government says you do.
>But I think you'd be hard pressed to convince someone that is legitimate commerce and not a mental illness being exploited.
I view it the same as any other form of exclusivity where the only value it has is because of it's exclusivity, which only holds value as much as people envy the exclusivity. I
>Do I call a generic rock valuable as long as I can convince an intellectually impaired wheelchair bound retard on the side of the street to give me his welfare check in exchange for it? I sold the rock to someone for $500, so it's valuable right?
By definition yes and crystal healing companies make millions off of this model. What you described it is a currently operational industry. Though I'd hire you in a minute if you could manage to sell a generic rock for 500$ because you, yourself, would be a god of a salesman, and I fucking want you on my side if you can do that. Just imagine what you could manage if you were selling something like production models, hot damn. You make selling a bad product sound easy, most scams just rely on outright lying as opposed to actually convincing the other person the object has value.
Ooooooh, so an NFT is as much as a scam as Bitcoin is, and bitcoin is as much as a scam as fiat is, which means an NFT is as real as fiat. Interesting. One last question, why is gold valuable? If you say industry uses, assume before we developed any scientific uses for it. Why has gold ever been valuable?
>If I can accept that the mono lisa has value as art then I can easily accept that stamps can too.
Is the value stored in the original Mona Lisa or is stored in the appearance of the Mona Lisa anyone with a computer can enjoy at anytime?