News for hackers. Stuff that matters.

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

Re:NFT projects are just MLMs for tech elites by noiwillnot on Friday October 01, 2021 @05:20AM (#28716250)
This is one of my main gripes with MtG. It just feel like a scam, a 90s loot boxes situation. I do not want to contribute to the business model, even if the product is solid.

I will probably sell my collection and print some proxies.

[ Parent | on HN ]
Re:NFT projects are just MLMs for tech elites by OOPMan on Friday October 01, 2021 @07:31AM (#28717087)
MTG is kind the original lootbox, but I guess at least there is a reasonably good game behind it.

I dumped my MTG in the early 2000s, these days I'll only buy into a card game using the LCG/ECG model. It's not necessarily cheaper but it is less scummy.

[ Parent | on HN ]
Re:NFT projects are just MLMs for tech elites by MintsJohn on Friday October 01, 2021 @06:38AM (#28716695)
Unlike NFTs there is at least a (physical) product.

(And even in the digital version, you have a limited digital item in a verified/trusted (digital) environment, backed/supervised by an entity (company). In crypto you're backed by a concept (an algorithm))

To me this whole crypto stuff seems like a bigger and better incarnation of the tulip mania (https://en.m.wikipedia.org/wiki/Tulip_mania), very little crypto stuff /coins are backed by anything of intrinsic value. In a way it's the ultimate decadence.

[ Parent | on HN ]