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95% of NFTs are Worthless: Report (petapixel.com)

submitted 9 months ago by alyaza@beehaw.org to c/technology@beehaw.org

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[-] RobotToaster@mander.xyz 32 points 9 months ago

It's sad, I remember when bitcoin was new and the people interested were actually interested in breaking the state control of money. Now >99% of crypto people are just grifters and people trying to get rich quick.

[-] bermuda@beehaw.org 12 points 9 months ago

bitcoin skyrocketed and suckered in a lot of people to the gold rush. they didn't want decentralized currency or anything. They just saw that it was ~16,000 dollars a bitcoin and wanted in.

[-] anachronist@midwest.social 10 points 9 months ago

Most people were grifters back then too. I had a friend who was a libertarian porcfest free-stater and he was against bitcoin because he was afraid everyone would lose all their money and not be able to complete the free state project.

[-] ConsciousCode@beehaw.org 4 points 9 months ago

My hope is the fintech people will be gone by the time someone thinks of an eco-friendly consensus protocol that isn't Proof of Stake (ie "the people with the most money have the most power").