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Is Crypto Finally Dead?
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this post was submitted on 19 Jun 2023
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Technology
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Would you also consider GameStop’s NFT marketplace for games part of a pyramid scheme?
Or maybe what F1 is doing to evolve how they handling ticketing? Here’s a recent follow up on F1’s NFT ideas I came across recently.
It’s… just not all a pyramid scheme. To say it’s all a pyramid scheme is missing the forest for the trees. It’s n o t
While I think you're right in that neither of those seem to be pyramid scheme, I disagree with the implication that they are any better (apologies if that was not the implication).
They seem to just be creating an avenue for monotization of something that, I assume (but I could be wrong here), was previously free by nature, hence the necessity for an NFT to monetize it.
I guess really that's just what NFTs do, or at least their main use case. But I guess I just fundamentaly disagree with that idea.
I don't think anyone minds people buying fly crap with a currency that has no credible base. What galls people is when we loose billions of dollars from the world economy from a group of con artist with no restraint in how low they would have gone. Or how we have morons racing to earn cash by running climate killing mining rigs.