So I just checked today's prices. - BTC has fallen below $19k USD (from a peak of near $65k) - ETH has fallen below $1k USD (from a peak of ~$4600) Once you

So I just checked today's prices. - BTC has fallen below $19k USD (from a peak of near $65k) - ETH has fallen below $1k USD (from a peak of ~$4600) Once you get into the altcoins ("shitcoins") it's even bleaker. NFTs by their nature are harder to get a picture of (that's the "non-fungible" part) but it seems to be a bloodbath. This Seth Green story is particularly funny because on top of the price-crashing you're actually getting no utility. Why? Because copyright ownership still has to be enforced through the traditional IP and legal system. And on top of that lack of utility you see how reversibility of transactions in the non-crypto financial system is a feature not a bug. There's really no reason for any of this to exist. It's all a massive waste of energy that is driven by nothing other than speculative fervor. It's not belief in the technology. It's just greed. More to the point, the only thing holding up the value of any of this is the collective belief in it and every day the price crashes again that belief is eroded. I really have no idea how low this can go but it'l be interesting to see. This is the greater fool theory [1] in action and the best defense seems to be it isn't a pyramid scheme; it's a trapezoid [2]. [1]: https://www.altfi.com/article/9398_bill-gates-dismisses-nfts-as-based-on-greater-fool-theory https://www.altfi.com/article/9398_bill-gates-dismisses-nfts... [2]: https://frinkiac.com/meme/S03E12/872714/m/VGhpcyBpcyBub3Qgb25lIG9mCiB0aG9zZSBzaGFkeSBweXJhbWlkCiBzY2hlbWVzIHlvdSd2ZSBiZWVuCiBoZWFyaW5nIGFib3V0LiBObyBzaXIuCiBPdXIgbW9kZWwgaXMgdGhlCiB0cmFwZXpvaWQ=#:~:text=Frinkiac%20%2D%20S03E12%20%2D%20This%20is%20not,Our%20model%20is%20the%20trapezoid https://frinkiac.com/meme/S03E12/872714/m/VGhpcyBpcyBub3Qgb2...