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Or even an nft of the Brooklyn Bridge.
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I can’t get over how often I hear that the great thing about crypto is you don’t have to “trust” any of the other entities, and the entry in the blockchain is incredibly stable. I mean, sure, the NFTs still exist in some form in theory, but you can’t actually see them or use them for anything, because that necessitated trusting an entity that no longer exists. The whole thing is, it turns out, far more fragile than the processes it was supposed to replace… who would have thought that basing your goods on the continued operation of grifters and ponzi schemes was not great for product longevity?
Yeah, like WTF? It’s the whole point of the thing. Claiming otherwise is very much “I’m not sure anyone has ever called water ‘wet’ before…”
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Come to think of it, I have an acquaintance who is really into crypto and NFTs.
Before he got into crypto, he was really, really into multilevel marketing.
I do not think that these two things are coincidental.
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The YouTube channel “The Financial Diet” has characterized crypto as “MLMs for bros”. An apt characterization, I’d say (I think TFD is one of the few good personal finance YouTube channels out there if folks are interested in that sort of thing).
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