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The funniest thing about NFTs is all the real companies that fell for that shit (hexbear.net)

submitted 1 year ago* (last edited 1 year ago) by Dirt_Owl@hexbear.net to c/chapotraphouse@hexbear.net

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The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

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[-] queermunist@lemmy.ml 32 points 1 year ago* (last edited 1 year ago)

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

More than that, it calls into question the very concept of economic rationality - that the market behaves rationally based on the rational business decisions of rational actors acting in their own rational self interests.