4 ms·

at least it's a product with utility (and resale value) looking at the crypto space on the other hand...

• immibis 2y ago
  and the race gets ever bottomer "At least the car does something." "The bag may not do something, but at least it's an actual physical object." "The cryptocurrency may not be physical, but at least you can spend it." "The NFT may be undependable and freely duplicable, but at least there's a block chain record identifying your one as the real one." What comes next? Perhaps pay to download a photo of a printed receipt that says you own a jpeg?
  • kibwen 2y ago
    > What comes next? Perhaps pay to download a photo of a printed receipt that says you own a jpeg? The bottom is gacha games, which make billions annually, and are growing year-over-year with no end in sight. It's like a slot machine, except at least a slot machine has a theoretical chance of having a material payout. It's like Counter Strike skins, except at least Counter Strike skins can be sold to other players. It's like NFTs, except at least NFTs represent a notion of "ownership" that could theoretically survive the death of the issuing party. Gacha games are the worst of all worlds--gambling for jpegs that are neither transferable nor durable--and are the logical endpoint of the race to the bottom (well, maybe a slot machine that directly injects carfentanyl into your veins would be worse).
  • deleted 2y ago
    [deleted]
• Almondsetat 2y ago
  >utility Same utility as a free bag I can get from the dump >resale value The resale value is as fake as crypto's since it's based on the same societal craze