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If they were just trading cards, then they'd be bad, a Ponzi scheme where everybody's trying to convince everybody that their trading cards will be worth more i
by dfabulich 5y ago
If they were just trading cards, then they'd be bad, a Ponzi scheme where everybody's trying to convince everybody that their trading cards will be worth more in the future.
(One way the scammers promote the Ponzi scheme is by saying "these trading cards are so much more than trading cards," in deliberately confusing ways. That's why "people can't wrap their heads around the simple concept." The scammers are trying to conceal it.)
But NFTs are way worse than trading cards, because every time you transfer one, it wastes more electricity than an ordinary person uses in a year. So this Ponzi scheme is damaging the planet, too.
https://www.nature.com/articles/s41558-018-0321-8 https://www.nature.com/articles/s41558-018-0321-8 "Bitcoin emissions alone could push global warming above 2°C"
- koonsolo 5y agoBuying assets low and selling high cannot be a ponzi scheme, no matter how you try to position said asset.