3 ms·
I think NFTs are really dumb, a scam, and/or vectors for money laundering. Then again, I think the same thing about multimillion dollar private artwork and poli
by bo1024 5y ago
I think NFTs are really dumb, a scam, and/or vectors for money laundering. Then again, I think the same thing about multimillion dollar private artwork and politicians' "nonprofits".
I think most cryptocurrencies and tokens are really dumb or a pyramid scheme. Then again, I think the same about multilevel marketing and much of the modern real estate and stock markets.
But I also see the really exciting potential and promise of blockchain tech. People are working on expanding access to capital and systems to countries with unstable currencies. They're working on the future of the corporation beyond capitalism with DAOs. Enabling micropayments for creators. Much more. It's tiring seeing all these articles harping on the downsides without acknowledging or looking into the upsides.
Probably because the system works fine for these authors -- they're somewhere with a stable currency, their 401k is going up, etc. Blockchain is a space where people are actually dreaming of something different and better instead of accepting the status quo. Meanwhile in the U.S. we have a Fed printing trillions of dollars to prop up asset prices, we have wars to support USD hegemony. In other countries their wages inflate away before they can spend them, etc.
I don't know a lot about all this stuff but I really respect the part of the blockchain space which is about broadening access, decentralizing power, and envisioning new systems.