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Honestly, so what? Is email a scam because it has damaged peoples lives? This kind of logic is how we ended up here in the first place.

• nefitty 5y ago
  I'm not advocating for outlawing the tech. I'm doing my part to hopefully make at least one person have a second critical look. "Web3" is nothing like email. Email creates value as a communication medium. NFTs transfer wealth from one gullible gambler to another presumably more informed one. A simple analysis could be something like looking at how the trade velocity of some NFTs dropped to 0. All the people holding tokens as volume evaporates are the losers. It's literally what happened in 2008 with real estate, except it's happening faster, more frequently and at smaller scales. That's the real logic that got us here. We've just democratized the process of getting scammed.
  • serverholic 5y ago
    You’re making the same mistake again with NFTs. You’re conflating the technology with a use-case of the technology. An NFT is just a unique piece of data attached to an ethereum account. An NFT doesn’t even have a value. You can create as many as you want and for whatever purpose.
    • nefitty 5y ago
      Fair enough!