[dgellow]

I'm not sure I understand the hate for NFTs. Don't get me wrong, the concept of NFT as currently used is completely absurd and definitely overhyped. But what is bad about it? People who spend their money on NFTs mostly do it because they got rich in the past few years gambling on BTC or ETH, and now use that money to basically tip the artists they like. Or they plan to resell the token at some point, which is pure speculation, but nobody other than themselves risk to get burn. Minting and selling NFTs is almost zero work and effort for artists, all the risks are on the buyers side, and only if they buy them as speculative assets.

It still make no sense to me, but if rich people want to gamble their money and by doing so support some artists, that doesn't sound too bad IMHO.

I would be more cautious if retail investors would start to gamble in this market, but that's not what I've seen so far.

(I'm also bearish on BTC, mainly because of Tether and the horrible incentives of PoW)

[fullshark]

It's just indicative of the fact that we're 20 years into the blockchain, and the only real use case seems to be "acquire garish amounts of wealth from nowhere."

Something everyone wants for sure, but if that's all it is, the party's gonna stop someday.

[dgellow]

Yes, it's definitely frustrating if that's the end game.