NFTs died a slow, painful death in 2023 as most are now worthless

Re:NFTs died a slow, painful death in 2023 as most are now w... by addicted on Sunday December 24, 2023 @10:16PM (#38759344)

Is crypto even being used for anything? There were ATMs and a few places online I could pay with BTC even a few years ago. I don’t see any of that.

It was fairly popular for international transfers but so many govts have clamped down on it in the past few years.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by ygjb on Monday December 25, 2023 @12:54AM (#38760222)

BTC ATMs are still wildly popular with scammers.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by FerretFred on Monday December 25, 2023 @04:57AM (#38761277)

I use my limited holding to buy my VPN subscription, and occasionally bung a few donations to various people. I've never considered BTC an investment.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by babelchips on Monday December 25, 2023 @07:50AM (#38762182)

Yes.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by kolinko on Friday December 29, 2023 @06:21AM (#38803842)

As for international transfers - I never thought it's a good use case. Int'l wire transfers are getting cheaper and faster, so there's a diminishing market of people who want to do it.

For what it's used for - DeFi (i.e. financial instruments of all sorts) is an awesome use case, IMHO way better than the traditional system. The problem is that underlying assets are crap/virtual tokens - if it were actual shares/real world things it would dominate the market. The issue is with SEC/regulations - super hard to make a security tradeable on blockchain. Before SEC got involved (in 2012?) the majority of trading was on actual companies that paid off dividends, like the first ASIC projects, satoshi dice and so on.

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