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I don't see NFTs (for example) as a valid product, it was always a scam. Always based on speculative gambling with no actual value to anyone underpinning it. A

I don't see NFTs (for example) as a valid product, it was always a scam. Always based on speculative gambling with no actual value to anyone underpinning it. And because of that, the whole "crime having a positive social outcome" doesn't work for me - doing crime to keep a scam going is not positive.

protocolture 3mo ago
>I don't see NFTs (for example) as a valid product, it was always a scam. Always based on speculative gambling with no actual value to anyone underpinning it. NFT is a protocol. Its technology. It shouldn't be a product, it should enable products. If NFT's were ever going to become widely used, they wouldnt be described as NFTs. Its like going around selling TCP/IPs to someone. Cryptokitties remains its most proven use case. The non fungibility of the token is perfect for encoding the unique genetics of the derpy looking cats. Theres no reason to pay eleven billion dollars for one, but the platform has never relied on that, just bit payments for trading and breeding. There's possible future uses in property trading, but again, the NFT should never be the point like the weird grifters tried to make happen.
- marcus_holmes 3mo ago
  "In theory there's no difference between theory and practice. In practice there is" In theory you can use NFTs to make a valid product. In practice, it was part of the cryptocurrency culture who are locked into speculative gambling and so it was never going to be used for anything but that.