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by dfxm12 1921 days ago
Apart from being an obvious scam, NFTs are actively doing harm to the environment.

It's like people collecting/trading/selling Funko Pop figures, or most other collectibles. NFTs are pretty much captialism working as intended. Is scam the right word?

1 comments

Sort of? It is clear evidence that capitalism does not actually value productivity or improvement of the human condition, at the very least.
Was it supposed to? Humans aren't maximisers and a cursory glance at history finds that productivity and the human condition is often forgotten.
I don't think it is supposed to. But I do think that a lot of people believe (falsely, in my opinion) that capitalism will produce the best outcomes. Identifying cases where that is clearly not the case can disabuse people of that idea.