from Hacker News

NFTs: Does Infinitely Printing JPEGs Cause Inflation?

by derekpankaew on 12/28/21, 11:17 PM with 1 comments

• by togaen on 12/28/21, 11:44 PM

  “When someone prints a new NFT, it drives up the value of the top 5% of the NFTs in that category, while driving down the value of the other 95%.”

  Sure sounds a lot like a pyramid scheme.