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NFTs Are Here To Ruin Dungeons & Dragons
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<blockquote data-quote="Jer" data-source="post: 8602394" data-attributes="member: 19857"><p>This. So much this.</p><p></p><p>This is what's wrong with all of the crypto. It's cargo cult investment. We put up with the endless greed around the stock and currency markets because the traders are facilitating a system that allows the production and movement of goods and services. It's not terribly efficient, but it's better than many other alternatives and in exchange for having a system that greases the wheels some investors get very rich.</p><p></p><p>Crypto is an attempt to have a market with nothing marketable. There are no goods and no services being facilitated by the crypto market - it's all just moving bits around. It's mistaking the map for the territory and it's an ultimately pointless endeavor that doesn't add anything productive back into the world and yet costs an exorbinant amount of energy to do something ultimately worthless.</p><p></p><p>NFTs are a similar thing except they're a cargo cult reproduction of either the art market or the general collectible market (digital pogs). At least the art market serves to preserve works of art that might othewise be forgotten, lost or destroyed and facilitates eventually (if slowly) getting the works into the hand of people who will appreciate them even as it makes some folks very rich in their "investments". The collectibles market at it's best does the same thing, if at a smaller scale. NFTs don't do that - they create something that nobody wants and then trade it based on the idea that it will appreciate in value based on how other crypto items have appreciated in value.</p><p></p><p>It's all the negatives of capitalism without any of the benefits. And it's using more energy than many small countries do to do it. It's the most infuriating thing to see people think it's some kind of good thing when it's literally the poster child for a terrible idea.</p></blockquote><p></p>
[QUOTE="Jer, post: 8602394, member: 19857"] This. So much this. This is what's wrong with all of the crypto. It's cargo cult investment. We put up with the endless greed around the stock and currency markets because the traders are facilitating a system that allows the production and movement of goods and services. It's not terribly efficient, but it's better than many other alternatives and in exchange for having a system that greases the wheels some investors get very rich. Crypto is an attempt to have a market with nothing marketable. There are no goods and no services being facilitated by the crypto market - it's all just moving bits around. It's mistaking the map for the territory and it's an ultimately pointless endeavor that doesn't add anything productive back into the world and yet costs an exorbinant amount of energy to do something ultimately worthless. NFTs are a similar thing except they're a cargo cult reproduction of either the art market or the general collectible market (digital pogs). At least the art market serves to preserve works of art that might othewise be forgotten, lost or destroyed and facilitates eventually (if slowly) getting the works into the hand of people who will appreciate them even as it makes some folks very rich in their "investments". The collectibles market at it's best does the same thing, if at a smaller scale. NFTs don't do that - they create something that nobody wants and then trade it based on the idea that it will appreciate in value based on how other crypto items have appreciated in value. It's all the negatives of capitalism without any of the benefits. And it's using more energy than many small countries do to do it. It's the most infuriating thing to see people think it's some kind of good thing when it's literally the poster child for a terrible idea. [/QUOTE]
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