Line Goes Up – The Problem With NFTs
invidious.snopyta.org
If someone pitches you on a "great" Web3 project, ask them if it requires buying or selling crypto to do what they say it does. Sources and Further Reading https://web3isgoinggreat.com/ https://tante.cc/2021/12/17/the-third-web/ https://davidgerard.co.uk/blockchain/2021/03/11/nfts-crypto-grifters-try-to-scam-artists-again/ https://amycastor.com/2021/03/14/metakovan-the-mystery-beeple-art-buyer-and-his-nft-defi-scheme/ https://www.stephendiehl.com/blog/crypto-absurd.html https://blog.mollywhite.net/blockchains-are-not-what-they-say/ https://www.motherjones.com/politics/2021/11/who-goes-crypto-eth-bitcoin-etc-financialization-gamestop-class-wealth/ https://twitter.com/davetroy/status/1478017698676228099?s=20 https://davidgolumbia.medium.com/cryptocurrency-is-garbage-so-is-blockchain-3e80078e77fe https://marker.medium.com/fintech-is-a-scam-a-listicle-in-eight-parts-7b6161f3a35a https://naavik.co/business-breakdowns/axie-infinity/#axie-decon= https://www.gawker.com/culture/the-future-is-useless-expensive https://twitter.com/NFTtheft https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/ https://www.gamesindustry.biz/articles/2021-11-05-baseless-nft-hype-hits-a-crescendo-but-its-play-to-earn-thats-worth-watching-opinion https://www.technollama.co.uk/platform-is-law-the-cautionary-tale-of-stolen-nfts https://davidgerard.co.uk/blockchain/2021/02/12/libra-shrugged-chapter-6-banking-the-unbanked/ https://twitter.com/Bitfinexed Written and performed by Dan Olson Crowdfunding: https://www.patreon.com/foldablehuman Twitter: https://twitter.com/FoldableHuman 00:00:00 Preface 00:01:12 0. In 2008 The Economy Collapsed 00:07:09 1. Bitcoin 00:18:18 2. Ethereum 00:24:34 3. The Machine 00:39:07 4. NFTs Exist To Get You To Buy Crypto 00:57:54 5. The Unbearable Cringe Of Crypto 01:11:46 6. A Self-Organizing High Control Group 01:16:57 7. Crypto Reality 01:25:36 8. There Is No Privacy On The Chain 01:32:52 9. If This "Looks Like Scam" Then Every NFT Room I'm In Looks Like Scam LOL 01:38:29 10. Play To Earn Exists To Get You To Buy Crypto 01:46:39 11. We're All Gonna Make It And By "We" I Mean "Us" Not You 01:56:08 12. DAOs Exist To Get You To Buy Crypto 02:13:21 13. I Know It's Rigged, But It's The Only Game In Town
  • Joe BidetOPA
    21·
    1 year ago

    I stand by every word of it. And you haven’t even seen the video :)

    • Veltoss@lemmy.world
      2·
      1 year ago

      So you don’t have any actual response? I realized it was just a YouTube video and copied the code at the end, it’s over 2 hours long. I skimmed, it’s all the same one-sided skewed misinformation we’ve all seen before.

      I’m not sure what the point of it is other than pro-bank pro-corpo propaganda. I mean sure, I get that it’s currently the socially accepted circlejerk, but from an actual intelligent viewpoint what is the point of trying so hard to convince everyone something is true when it provably isn’t?

      There is so much within the industry that is very clearly not a “ponzi scam”, but you, as all the circlejerkers on reddit, don’t even bother responding to any arguments. Just insults or “it’s true teehee :)” type comments.

      Let me give you some examples. There’s Lens Protocol, an in-development social media network that gives you a non-custodial permissionless social media profile with which you can use it on any of the front-ends built on top of the protocol. Much like lemmy, it’s meant to give us freedom from centralized corporations controlling our data through social media.

      There are countless donation drives and projects built to bring in money for good causes. A popular new artist Jack Butcher had one a while back that helped buy almost 250,000 meals through Feeding America via their food bank network.

      There are privacy based tokens that help support journalists and activists in places where they can’t safely receive money through normal means.

      There are projects working with Zero-Knowledge Proofs to create blockchain based alternatives to many apps that would allow us to further control our own data, and actually keep it private. Zk proofs would prevent the services from understanding and reading the data it’s using, so we would fully control our own data and only share what we want to.

      I could go on, but I’m not going to spend anymore time on this if you’re just going to be a lazy troll.