this post was submitted on 18 Aug 2023
543 points (95.2% liked)

Technology

59626 readers
3567 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
543
A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. (www.theverge.com)
submitted 1 year ago by [email protected] to c/[email protected]
232 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 year ago (1 children)

USD had value in that it is how i pay my taxes. I can either use USD to pay taxes or go to jail. That's about as concrete as value can get.

[–] [email protected] 0 points 1 year ago (1 children)

Yes, the value comes from ADOPTION.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

So, you're claiming that you need a constant new stream of people buying into it, to make it work? Man, that's almost like the definition of a ponzi scheme. Weird.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

Another "I know you are but what am I" class comment. I'm talking about actual adoption, usage, cyclical exchange, not buy low sell high, that should be obvious from what I wrote.