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I would say there was a frenzy equal in magnitude around the 2000s dot-com. Yes, this looks crazy because we have never seen it. Then again, who would have tho

I would say there was a frenzy equal in magnitude around the 2000s dot-com. Yes, this looks crazy because we have never seen it. Then again, who would have thought we would get diapers and dog food delivered to our home the same day we order it? Or that mini-flying machines would bring me a Big Mac? The future is a very weird place, but the winners will be the ones who embrace the crazy. Jason Calicanis has a good story about when he met the founder of Robinhood (The trading app). The idea sounded so nuts that it was worth a bet.

tyre 6y ago
Ok but all of those examples have real world uses. Getting diapers or dog food delivered, buying stocks for free, big mac delivery — these are all improvements on what existed before. NFTs have…???
- simplecto 6y ago
  Go back to 1999, and diaper delivery via fedex was as useless as a digital token.
  - vishnugupta 6y ago
    The useless part was “....delivery via fedex” because of high cost, unreliability etc. The diaper in itself was and is used by hundreds of millions of people all over the world day in and day out. In fact once even the “delivery” part is very useful at a certain price point. I’m struggling to connect NFT as a solution for addressing a need in a similar way. Is it something niche like a high end art that earns a few million ultra rich people the bragging rights?
lm28469 6y ago
> Yes, this looks crazy because we have never seen it. They look crazy because they are, some people got too wealthy and completely lost touch with reality/real world issues. I doubt flying big macs and overpriced virtual art will do much for our future if you take into account things like climate change, there are so many things we could work on instead of these new shiny gadgets...
riskneutral 6y ago
This is a new level of crazy. Money is not real, it's a plaything for rich people.

tyre 6y ago

Ok but all of those examples have real world uses. Getting diapers or dog food delivered, buying stocks for free, big mac delivery — these are all improvements on what existed before. NFTs have…???

simplecto 6y ago
Go back to 1999, and diaper delivery via fedex was as useless as a digital token.
- vishnugupta 6y ago
  The useless part was “....delivery via fedex” because of high cost, unreliability etc. The diaper in itself was and is used by hundreds of millions of people all over the world day in and day out. In fact once even the “delivery” part is very useful at a certain price point. I’m struggling to connect NFT as a solution for addressing a need in a similar way. Is it something niche like a high end art that earns a few million ultra rich people the bragging rights?

lm28469 6y ago

> Yes, this looks crazy because we have never seen it. They look crazy because they are, some people got too wealthy and completely lost touch with reality/real world issues. I doubt flying big macs and overpriced virtual art will do much for our future if you take into account things like climate change, there are so many things we could work on instead of these new shiny gadgets...

riskneutral 6y ago

This is a new level of crazy. Money is not real, it's a plaything for rich people.