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 alyaza [they/she]   ( @alyaza@beehaw.org ) MA to TechnologyEnglish · 2 years ago

95% of NFTs are Worthless: Report

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95% of NFTs are Worthless: Report

petapixel.com

 alyaza [they/she]   ( @alyaza@beehaw.org ) MA to TechnologyEnglish · 2 years ago
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Crypto crashed and brought NFTs with it.
  •  RobotToaster   ( @RobotToaster@mander.xyz ) 
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    2 years ago

    It’s sad, I remember when bitcoin was new and the people interested were actually interested in breaking the state control of money. Now >99% of crypto people are just grifters and people trying to get rich quick.

    •  bermuda   ( @bermuda@beehaw.org ) 
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      2 years ago

      bitcoin skyrocketed and suckered in a lot of people to the gold rush. they didn’t want decentralized currency or anything. They just saw that it was ~16,000 dollars a bitcoin and wanted in.

    •  anachronist   ( @anachronist@midwest.social ) 
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      2 years ago

      Most people were grifters back then too. I had a friend who was a libertarian porcfest free-stater and he was against bitcoin because he was afraid everyone would lose all their money and not be able to complete the free state project.

    •  ConsciousCode   ( @ConsciousCode@beehaw.org ) 
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      2 years ago

      My hope is the fintech people will be gone by the time someone thinks of an eco-friendly consensus protocol that isn’t Proof of Stake (ie “the people with the most money have the most power”).

    •  Omega_Haxors   ( @Omega_Haxors@lemmy.ml ) Banned
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      2 years ago

      Sadly time has proven that bitcoin never had good intents, it was all just marketing hype.

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