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by godzillabrennus 964 days ago
That’s right, NFT’s are a tool for low talent charlatans to grift at scale off of laypeople by claiming they will make money buying them. The digital art was just one such con.
1 comments

The concept of NFTs for art is pretty new. I first heard about the idea of NFTs in 2013 and that was using them for things like deeds to land and vehicles.
which is incredibly stupid because a nft is fundamentally incapable of solving these challenges (owning the nft means nothing if a court determines someone else owns the house)
what about an org that issues them as e.g. season tickets, and makes a market for them?
... which remains a terrible idea, because what happens to your land or vehicle if you lose your keys / forget your pass phrase? Or if someone else phishes you?