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by granddemolisher 1468 days ago
I find it as absurd as anyone else.

The field is unfortunately rifled with people who are shills and religious believers. I have talked to a few VCs and technical people drilling down into the tech - I had better arguments than them for why someone would use the projects they funded or created.

1 comments

Just last night the owner of the neighborhood convenience store was asking me to explain NFTs, as one of his other regulars was hyping them up earlier that day. This man has run his business for decades, understands commercial banking services, etc. I could not for the life of me fully convince them that with NFT's, "there's no there there." Like these things have been so hyped by so many people close enough to the main stream that the fomo style "those rich guys have to be onto something smart with this" assumption is incredibly hard to disprove. The closest I got was using beanie babies as an example.
I lead with "Amateurs calculate gains; professionals calculate risk."