You make as much headway trying to convince Mars nuts that we can't even keep people alive in the Earth desert yet unsupplied, or the strong AI people that we don't need to start making plans for immortality. Because you're not in a debate about technology but about the Millenium
-
Show this thread
-
What such beliefs have in common is that they offer a positive, transformative vision of a future made better by technology, with a story about why it is achievable and inevitable. Whereas the real world right now doesn't offer much hope or positive future at all. So you get NFTs
3 replies 18 retweets 93 likesShow this thread -
To all the fraud, speculation, and just basic insanity in this space, the NFT crowd can answer that they're replicating the same thing that happens in high finance, except now it's a different set of people who get to participate. The Fed creates money out of nothing, why not us?
3 replies 10 retweets 75 likesShow this thread -
I think recognizing the spiritual hunger that sits at the core of these movements (and remember how many in the space are young people!) is an important step to understanding them. Crypto culture is a mirror world that feeds off of the unexamined failures of the real world.
9 replies 42 retweets 212 likesShow this thread -
And it is also, like everyone points out, a massive scam that will hurt regular people the longer the bubble is allowed to inflate. But it's not just "name a star", it's "name a star" with the promise that you'll get to visit in a rocket very soon, if only enough people believe.
5 replies 23 retweets 155 likesShow this thread -
And I deserve a goddamned medal for 12 tweets on this without a single mention of Communism.
3 replies 0 retweets 159 likesShow this thread -
Pinboard Retweeted Jer Warren
Here
@nyquildotorg makes a good point, that NFT culture in particular is also Herbalife for young artists, promising them self-reliance and the ability to live off their work if they buy in, assuring them that every garage band can be U2 on the blockchain.https://twitter.com/nyquildotorg/status/1450889518291173376 …Pinboard added,
Jer Warren @nyquildotorgReplying to @PinboardI think a key differentiator here, though, is that people aren't spending money they can't afford on like, mars posters and stuff, encouraging all their friends that aren't into mars. Every person who gets grifted into participating in NFT makes the grift more attractive.8 replies 22 retweets 134 likesShow this thread -
Replying to @Pinboard
The really insidious part is that Herbalife makes it clear that you need to be actively recruiting people to be successful. Most of those grifted by NFT are trying to recruit so that those they recruit can be successful like them, not so that the recruited can benefit them.
1 reply 0 retweets 0 likes -
Replying to @nyquildotorg @Pinboard
Most of the people hopping into NFT have no idea that it's a pyramid scheme that relies on fresh blood all the time, and aren't in on the grift the way Herbalife people are. It's one of the best grifts I've ever seen.
1 reply 0 retweets 1 like -
It's pyramids all the way up
-
-
Replying to @Pinboard @nyquildotorg
So there are many pyramid schemes competing with each other?
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.