• mindbleach
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    1 year ago

    NFTs were a drunken hackathon project that got wildly out of hand. They don’t even do the one thing they intended - storing tiny images. They had to settle for links.

    Payment processing has literally nothing to do with NFTs.

    Y’know how Inglorious Basterds spends ages humanizing individual Nazi soldiers? You get whole-ass backstories for some of them. Meanwhile the allied hit squad and resistance saboteurs are brutal, merciless, dishonest, petty, and sometimes just plain dumb. It’s like making a whole movie about the casual war crimes at the beginning of Saving Private Ryan. By giving audiences every possible opportunity to empathize with these enemy forces, Tarantino was asking if there was any point where they’d feel bad about about killing Nazis, and the answer is a pretty resounding “no.”

    NFTs are like that for scams. Every possible excuse for taking them seriously has been stripped away, and some people simply do not care. You don’t get anything. You don’t really control it. It has no intrinsic function, purpose, or value, beyond what you already had before paying for it. It’s a receipt for a link to a thing that does not matter in the first place. But you slap words like “genuine” and “decentralized” on there, and it breaks people’s brains.

    There really is an “official” NFT of the Brooklyn Bridge. Which means nothing. There’s no relation. It’s technically not the classic bridge-selling scam inasmuch as nobody’s selling you the bridge, but they are absolutely taking your money in exchange for fuck-all.