I've been in mostly violent agreement with @smdiehl and others who call out cryptocurrency and its descendants for what they are—an end run around financial regulation at best, a massive fraud at worst. We all agree it makes no sense as a technology. But one thing worries me:https://twitter.com/smdiehl/status/1445795667826208770 …
However, in practice the art/content & social tribes that emerged from the NFT movement are trash. It's some of the most formulaic, least authentic, least interesting content I've ever seen. TikTok is super creative by comparison. To me this is the biggest indictment of NFTs
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It's somewhat causal, by the way: because NFTs are a scam, the only reason to enter the space is pure greed. And why put in any effort if you're just trying to make a quick buck by reselling? There's no passion, no meaning, just greed roleplaying as creation/innovation.
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Look at people who collect comics. It's also not high art, and the scarcity value is entirely artificial. But these people actually love comics! And the people who make comics also love comics! They have passion. Big difference. NFT people just have greed.
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