3 ms·

Workers need wages, not sales. NFTs, even if they weren't hot garbage, fail on dimensional analysis grounds.

• tomrod 5y ago
  Expand on the last comment a bit? NFTs are effectively provenance and identifying distinctness, if I understand them right (might be a stretch)?
  • ackbar03 5y ago
    My take on nfts are that they are just the virtual version of the art market driven by the same dynamics, people with money to spare and actually looking to collect but mostly money laundering and tax evasion. I don't really feel like theirs a place for the average Joe retail crowd and they'll prob disappear as the hype dies down
    • prestigious 5y ago
      Spoken like someone who doesn’t know the first thing about NFTs
  • Ericson2314 5y ago
    Money/time vs money/work. When someine is retained with the former, they are free to work on larger or smaller projects without endangering there livelihood (in a first order way). When they are paid according to the latter, however, they are incentived to lower risk by making a small stream of minutae, essentially mimicking the former. Given some sort of power law, the long tail is relatively risk averse by definition, and thus compelled to live and work "at subsistence", putting out a stream of relatively low effort stuff. The stars, however, can save up to produce fewer, more expensive things. This promulgates the status quo, maintaining the power law.