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Interesting reading through the comments here, everyone talking like it’s dead. Is this true? Are NFT’s / crypto done? You know some people that are involved i
by ChildOfChaos 4y ago
Interesting reading through the comments here, everyone talking like it’s dead.
Is this true? Are NFT’s / crypto done? You know some people that are involved in it and they still seem to be hard into that world, so I was surprised to read all of this.
- 1337biz 4y agoThe HN moral judgement cycle is in overdrive again. There seems a genuine distain for people that make money based on speculation.
- jatins 4y agoHN has disdain for grifters and scammers. You are confusing them with speculators.
- 1337biz 4y agoThat is the case with every market that is not (yet) fully governmental regulated. Full of scams, dirt and some people who are able to navigate these waters to get incredibly rich.
- JohnFen 4y agoPerhaps, but the legit new markets have real value to them aside from just being a conduit for grifting.
- neom 4y agoHN is mostly about statups, basically speculation of product and potential market value. Many of us make our livings on speculation. I think you'll find it's more the case the people here are a) educated on how the technology literally works b) educated on how product as it applies adoption literally works c) able to think abstractly about market need. NFT as a technology and product... use case is... incredibly small.
- intotheabyss 4y agoUniswap does massive amounts of volume per day and their entire product is built on NFTs as liquidity positions. I would say that use case is far from 'incredibly small'.
- JohnFen 4y agoI think the disdain is for things that appear to be little more than a grift.
- angry_albatross 4y agoIt's not done in the sense that people are still involved in it, but I think that public sentiment has shifted toward realizing that NFTs and crypto are not solving any problems better than existing alternatives, and the whole thing was massively oversold. Check out this article for what I think is a good perspective on how blockchain tech is not useful: https://www.tbray.org/ongoing/When/202x/2022/11/19/AWS-Blockchain https://www.tbray.org/ongoing/When/202x/2022/11/19/AWS-Block...
- pornel 4y agoIt fell off a cliff a year ago, and now it's pretty dead: https://trends.google.co.uk/trends/explore?date=today%205-y&geo=US&q=nft https://trends.google.co.uk/trends/explore?date=today%205-y&...