Self-proclaimed "Crypto Landlords" are making money by renting out NFTs

Originally published at: Self-proclaimed "Crypto Landlords" are making money by renting out NFTs | Boing Boing

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The thing about some(most?) of the news about crypto is that you can understand the words but still be baffled and confused.

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This just raises the cost of living for those people who need NFTs to survive.

Wait a moment…

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How much electricity is this wasting?

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Should I be pivoting my kids away from video into NFTs of their Roblox and Gacha Life avatars?

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Individually, each of the words makes sense. All lined up beside one another, they have the rhythm of a language I speak reasonably well. But as far as constructing meaning goes I might as well be watching Pootie Tang because at least then I’d be laughing.

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Crypto in general and NFTs in particular comprise one of those areas where the more I learn about it the more I feel I must be missing something… and then experience a fresh onset of “WTF” when I realize that I did understand it correctly after all. It makes the Tulip Mania of the 17th Century look like a perfectly rational exercise in economics.

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I’m sure that NFTs will prove to be a most stable investment

@Tribune

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Every joule that went in.

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I can hardly wait for the leaderboard, such social prestige. and gamification always makes things better.

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And, as has been noted, at least at the end of that, you ended up with a tulip.

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but of course…

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Here’s the Cliff Notes…

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I also must add that there’s a lot of concern over the wash trading with NFTs

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Mix a stupid idea like crypto with the shitheads from finance and you get a frothy loam of puke and disaster.

I have a feeling we’ll see all the finance nonsense leading up to the lending crisis of the oughts play out again in crypto. Only this time financo/crypto idiots can burn rainforests and melt the planet as well.

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Also, can we acknowledge how ahead of his time Gary Larson was?

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I think I understand:

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Yep. I think I’m just about done with this timeline. Is there a way off and onto a different one? Where’s the restart button?

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The secret to wealth and crypto is to sell your crypto for US dollars just before everything goes to shit.

In other words, cash out and don’t be the last rube.

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