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The vast majority of NFTs are now worthless, new report shows
(www.theguardian.com)
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this post was submitted on 23 Sep 2023
476 points (95.8% liked)
Technology
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If value is completely dependent on speculation how the fuck do people expect to make money?
Crypto Booms: "This is the future of money. You can't lose."
Crypto Busts: "I'm just interested in the tech it's not about money."
That is some high grade cope. Highly refined. 99.99% pure cope.
Those are two different communities that are interested in crypto. Some of the crypto bros used the pro-decentralized peoples logic to cope… but there are both.
I’m surprised there aren’t more of the decentralized endorsers here, amongst a community of technically literate people using FOSS software.
Yeah it's almost like software-freedom ultranerds don't buy the claims. Weird. What could it mean, for a technically-literate community with no financial interest to reject the technical claims of people who've bought in? Which conclusions might we possibly infer, from people who obsess over the details of decentralized systems, when they treat an allegedly decentralized ledger like pointless garbage? Who among us could theoretically derive elucidating information from the eventuality wherein diehard open-source coders dissent against conservative-adjacent libertarian tech bros vis-a-vis the merits of the latter's supposedly relevant magic beans? Whence springs any hint of insight, whereupon a community collectively obs
I mined for years, 2011-2014 or so. I don’t need a lecture on crypto culture lol
Greater fools.