this post was submitted on 19 Aug 2023
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You're using crypto and NFTs interchangeably which makes it difficult to know what level of knowledge you're speaking from. It sounds like mostly anecdotal information you have on the subject. I feel bad for people falling for scams.
I'm using them interchangeably because they're both scams. Useless "technologies" that have done nothing but cause misery and make the world worse. "What if we turned long strings of numbers in to a speculative asset by solving sudoku's that emit countless tons of carbon in to the atmosphere!?" Brilliant! Another great achievement of the age of declining rate of profit!
I've found in the past 3-4 years, the most aggressively angry people who talk about NFTs with the most matter-of-fact tone seem to be the ones who really don't know fuck all about what they are. Lol.
When someone knows nothing about crypto they think it's a bit weird. When someone knows a little about crypto they think it's niche but maybe has potential. When someone knows a lot about crypto they recognize that it's literally the dumbest dumb guy shit ever, has literally no practical uses, and is offensively absurd and wasteful.
And NFTs are even dumber dumb guy shit, being extremely expensive fake receipts to literally nothing.
Asking in good faith here, since I'm genuinely curious - what practical applications do you see in block chain and NFT tech?