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No social phenomenon is independent of any other. Promoting this sort of thing accelerates the virtualization of the economy and the addition of artificial scar
by Bakary 6y ago
No social phenomenon is independent of any other. Promoting this sort of thing accelerates the virtualization of the economy and the addition of artificial scarcity. It rewards bad actors. It saps the resources of people who fall for bubbles and pump-and-dumps. There are great aspects to it, notably artists making a living out of their art, but it's a symptom of broader issues and certainly not something innocent or unrelated to our own lives.
- twox2 6y ago"It rewards bad actors." - But doesn't ANYTHING with financial incentives? First, I absolutely agree that promoting NFTs as a vehicle of investment is insane irresponsible, but promoting NFTs as a potential avenue for "digital ownership" makes reasonable sense.