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A comment on NFT projects are just MLMs for tech elites. Parent comment

Re:NFT projects are just MLMs for tech elites by RNCTX on Thursday September 30, 2021 @11:13PM (#28714061)
Everything is framed as the ultimate crypto use case, because crypto doesn't have a use case. No one needs money capped at 8 transactions per second world-wide, which costs ever-increasing amounts of electricity to trade.

All of these things end up being an exercise in cryptocurrency people in a round-about way proclaiming to the world that they don't know what a thing is.

For example: NFTs are a great idea to people who have never read an undergrad definition of what art is.

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Re:NFT projects are just MLMs for tech elites by LudwigNagasena on Thursday September 30, 2021 @11:24PM (#28714120)
Why would anyone care about an undergrad definition of what art is?
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Re:NFT projects are just MLMs for tech elites by devetec on Thursday September 30, 2021 @11:29PM (#28714148)
You do realize there are blockchains that don't suffer from just... not working? like PoS fixes the electricity issue, and there are many solutions to making transactions much cheaper, quicker, and having more bandwidth.
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Re:NFT projects are just MLMs for tech elites by p1necone on Thursday September 30, 2021 @11:33PM (#28714178)
Sure but a large portion of the current crypto market cap is in currencies that do have these issues, and I'm not sure how to explain that other than by assuming that that value is probably mostly speculation and not actual usefulness.
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