Reddit is Roasting the Guy Who Paid $2.9M for a Tweet
So I was scrolling through r/CryptoCurrency and stumbled on a thread that had me both laughing and shaking my head. Remember the peak of the 2021 bull run mania? Specifically, the guy who dropped $2.9 MILLION on an NFT of Jack Dorsey's very first tweet, calling it the "digital Mona Lisa"? Well, the post claimed it’s now worth a whopping $10.
As you can probably guess, the community had a field day with this. The thread was filled with people calling the 2021 NFT JPEG craze a joke. One user summed it up perfectly, saying most people from that era are "holding something as useless as 2nd hand toilet paper." Ouch.
Of course, it immediately turned into a mock auction. One guy joked he'd pay $11, another upped the bid to $15, and a real high-roller came in offering a cool $100. It’s hilarious, but it shows you just how much the sentiment has tanked. We went from "digital Mona Lisa" to "I'll give you lunch money for it" in just a couple of years.
My Take: Don't Confuse the Hype with the Tech
Now, a few people in the thread did jump in to pump the brakes on the $10 claim. They made a good point: the NFT isn't actually for sale right now, and that price is probably based on some random, unaccepted lowball bid. So is it really worth ten bucks? Probably not. Is it worth $2.9 million? Absolutely not.
And that’s the real story here. Let's be honest: paying millions for a token that points to a screenshot of a public tweet was always insane. It was a symptom of pure, uncut speculative fever. It wasn't an investment; it was a bet on hype, and that hype is long gone.
But this is the most important part, and a few smart folks in the Reddit thread nailed it. They made a crucial distinction: NFTs as JPEGs of monkeys and tweets are one thing. But NFTs as a technology are something else entirely. One user brought up a killer point: in an age where AI can create fake videos and images of anyone, how do we prove what's real? A cryptographically signed asset on a blockchain is a potential answer. That's the real power here.
Forget JPEGs. Think about concert tickets that can't be scalped, property deeds that can't be forged, or verifying luxury goods. That’s the stuff that gets me excited. The tech is solid. It's just that the first popular use case was, frankly, pretty dumb.
This whole tweet fiasco is a perfect lesson. Don't buy the hype. Understand the technology. And for the love of Satoshi, don't spend millions on a link to an image unless you're fully prepared for it to be worth the price of a coffee later.
What's Your Call?
So, was buying the first-tweet NFT the single dumbest purchase of the last bull run, or is there a future for these kinds of high-value digital artifacts? Drop your thoughts in the comments below!
