Originally published at: NFT trading volume "down 99%" at top marketplace | Boing Boing
…
5 Likes
Are we watching the Beanie Baby crash,
17 Likes
More like a Beanie Baby ghost crash, but yes.
10 Likes
And yet somehow these things still have nominal value. I’d like to sell some NFTs of some WTFs.
7 Likes
And still grotesquely overvalued…
6 Likes
Just three months ago Forbes was presenting the lack of women investing in NFTs as a bad thing rather than a sign that maybe women weren’t as collectively impulsive and stupid as their male counterparts.
24 Likes
A little bit off topic… at the beginning of the Russian Military Invasion of Ukraine, fearful that Russian Billionaires would dump all their assets into crypto, I invested $100 in BTC, and pledged to donate any earnings to organizations helping the Ukrainians.
But instead of riding a wave of amazing and untraceable and mostly un-taxable income, my grand investment is now $44. I don’t know how Coinbase and all the other big crypto firms are planning on staying afloat.
8 Likes
They won’t be able to. I think it’s proven to be primarily a kind of ponzi scheme, and it sucks that you got screwed over by it. I’m sorry.
12 Likes
You can’t even cuddle an NFT, so it’s objectively worse.
26 Likes
5 Likes
Crypto Ice Age.
4 Likes
5 Likes
So, there’s a whole lot less money laundering going on then?
7 Likes
during a downturn that’s been dubbed “crypto winter,”
Here’s hoping it’s a nuclear winter that leads to a mass extinction.
2 Likes
So people have woken up to the scam aspect. about time.
2 Likes
21 Likes
There needs to be a version of this meme, but for men:
5 Likes
7 Likes
NPR ran the same type of story this morning. When they started bemoaning the fact that minorities weren’t lapping up crypto scams, I turned it off.
5 Likes
