NFTs are emblematic of capitalism’s growing retreat from productive activity — and the wealthy’s desire to extend their dominion into the digital ether. They’re worse than useless.
NFT’s are a useful technology that business hasn’t caught up with yet. If you showed up in 1950 with a 4k OLED television, people would think it weird and wasteful too… there’s nothing you could watch on it.
At some point, I imagine that real estate deeds and car titles will be managed with blockchain technology like this. No more lost records because a courthouse built in 1912 burned down. No more forgeries. And an infrastructure that supports transfers between two parties without waiting for some bureaucracy to get around to rubberstamping the paperwork.
Pretending that it’s about monkey pictures just shows you don’t understand technology.
In a ill capilaist system add another virtual anonym economic system is like the intent to turn off a Fire with fuel. Give an corrupt politican or big tech company a anonyme currency and wait if it give benefits for the society.
In this capitalistic system NFT, by definition, are a pyramid scam.
NFT’s are a useful technology that business hasn’t caught up with yet. If you showed up in 1950 with a 4k OLED television, people would think it weird and wasteful too… there’s nothing you could watch on it.
At some point, I imagine that real estate deeds and car titles will be managed with blockchain technology like this. No more lost records because a courthouse built in 1912 burned down. No more forgeries. And an infrastructure that supports transfers between two parties without waiting for some bureaucracy to get around to rubberstamping the paperwork.
Pretending that it’s about monkey pictures just shows you don’t understand technology.
In a ill capilaist system add another virtual anonym economic system is like the intent to turn off a Fire with fuel. Give an corrupt politican or big tech company a anonyme currency and wait if it give benefits for the society. In this capitalistic system NFT, by definition, are a pyramid scam.