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> So, if you think it is going to collapse, just ignore it. Otherwise we will all be back to complain about NFTs in another thread once again. I don’t think th

> So, if you think it is going to collapse, just ignore it. Otherwise we will all be back to complain about NFTs in another thread once again. I don’t think this is fair. Thousands of people will be scammed out of their savings. Peta joules of energy will be wasted. Hundreds of art pieces will be stolen. This is entirely preventable with legislation and enforcement, and while we wait for that, this damage can be minimized by informing the public. Just ignoring NFTs until the bubble bursts is allowing unnecessary harm to continue. That is not a very humane course of action.

rvz 5y ago
> This is entirely preventable with legislation and enforcement, and while we wait for that, this damage can be minimized by informing the public. The reason why it is easy to ignore the hype is that eventually, regulations will eliminate 90% of all these NFTs that do not comply. Right now everyone knows it is a scam and they are scamming each other until the bubble bursts. (again). This has happened to the ICOs, so it will also happen to NFTs. > That is not a very humane course of action. If 2017 didn't teach them about the scams, hacks and immaturity of the unregulated nature of the cryptocurrency ecosystem, then they will learn the hard way again with NFTs. This is why the serious approach is for the businesses and users to wait for regulatory clarity first rather than jumping into a casino-laden pyramid ponzi scam and repeat the same mistakes of 2017. The regulators will do all the legislation required to bring the carnage 'under control', just like they did for regulating cryptocurrency exchanges. So we will see. But for now, the madness can be ignored, since it is doomed to collapse once regulations come for it.