Does this describe NFTs or a pyramid scheme?
https://twitter.com/adamlisagor/status/1370904711683993600 …
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How is purchasing something you believe has value a pyramid scheme though? That’s the part I’m missing. People buy art for all sorts of reasons, one of them as investment. What’s the pyramid part, as in MLM?
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The pyramid part is that new people need to keep entering and keep spending more, or most people will be left with something they don’t actually value as much as they paid for it.
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It’s just weird to see people celebrate the concept of a slow database. We have had 10 years of blockchain so far a there is no use case yet that couldn’t have happened without it.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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