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Justin Kan of Twitch fame just started a new startup for NFTs, I wonder what drove him into this? I don't get it. It smells and feels like a grift where people

• acdha 5y ago
  One thing I remember from the dotcom and real estate bubbles was that it took much longer than I expected between something being obviously unsustainable and actually popping. Just as now, there were people talking about how the rules were completely different and you were a fool if you didn’t buy in because someone else was certain to pay even more soon. They were right about that, until they weren’t. This feels like a more extreme version of both. There were a lot of dotcoms which could at least have been plausible businesses with better management (pets.com & Kozmo cost to mind) and overpaying for a house at least meant you had somewhere to live but a cryptocurrency has no utility unless you talk it up to a buyer.