Make a living selling NFTs?

BradS said:

I think the banks would say otherwise. Possibly law enforcement too.
A check is a legal contract. We have centuries of settled case law around contracts.
Is Bitcoin a contract? Where? How? How much settled case law exists around Bitcoin and the like?

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Alan Edward Klein said:

Look at a dollar bill on the left. It says This note is tender for all debts public and private. No one has to take crypto or anything else for that matter. Currency is backed by law as legal tender. OF course, as fiat money, is no longer backed by gold, it can be inflated into worthlessness as we're finding out recently.

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Pieter12 said:

We haven't reached anything like inflation making the dollar worthless yet or anytime in the near future. No need for a wheelbarrow full of money to buy a loaf of bread or re-evaluation of the dollar like the French Franc in the 60's.

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Alan Edward Klein said:

Not yet. I agree. But inflation has substantially raised the cost of everything. Look at film.

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BradS said:

The inflation we're currently experiencing is directly related to the full employment we're also currently experiencing (or at least were until last week). Everybody who wants to work is working, demand for workers remains higher than supply of workers...thus, wages increase. All those folks working and collecting high wages are spending those high wages...and all while the supply of goods is still constrained...so the cost of goods goes up as it must. It is very simple, supply and demand. There has always been a trade off between full employment and inflation....it is exacerbated right now because supply of goods is constrained by the lingering effects of the pandemic...simple as that.

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Pieter12 said:

I'm no economist, but I distinctly remember the Nixon years of high inflation, unemployment and price and wage freezes.

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