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NFT, much like most Crypto doesn't 'do' anything here. It's not a financial instrument that creates value. 'Private Corporations' enable people to group capit
by jollybean 6y ago
NFT, much like most Crypto doesn't 'do' anything here.
It's not a financial instrument that creates value.
'Private Corporations' enable people to group capital together to make useful stuff, that wouldn't happen otherwise.
'Public Exchanges' allow more transparency and broader classes of investors to participate in markets.
Investment Banks 'make markets' for financial instruments so companies can trade things like risk, among other things.
There's a lot of net value creation going on there even when it's fuzzy.
If NFTs can encourage people to give to a charity, that's great, but of course that shouldn't be necessary. Crypto that can't effectively be used as currency is not a value creator, at least not until they are exchanged as such.
This is frothy, bubble-ish kind of stuff that in my life I have seen implode twice, this time 'it may be different' in that it may not crash, but the value creation still isn't there. We should probably strive to do better than moving around deck chairs, even if it's with fancy math or AI.