When people react so viscerally to a new way of applying technology with a strong “that’s stupid” - it is worth paying attention to.I think NFTs suffer a lot from this phenomena, not without reason:Lots of rug pullsLots of social engineering scamsSome early diamond-hands shilling garbage projectsExtreme levels of mania and speculationAnd a long list of etc.In this >2h video, Dan Olson takes on crypto and NFTs head-on - with frankly some solid arguments / things that also concern me, including:Crypto / NFTs are a potential privacy nightmareThe current environmental impact of certain Proof-of-Work protocolsImportant concerns are often dismissed as just FUD: fear, uncertainty, and doubtEvidence of some recreation of existing power structures in a new environmentDAOs have proven to be problematic in many instancesAnd another long list of etc.
🌊 NFTs
🌊 NFTs
🌊 NFTs
When people react so viscerally to a new way of applying technology with a strong “that’s stupid” - it is worth paying attention to.I think NFTs suffer a lot from this phenomena, not without reason:Lots of rug pullsLots of social engineering scamsSome early diamond-hands shilling garbage projectsExtreme levels of mania and speculationAnd a long list of etc.In this >2h video, Dan Olson takes on crypto and NFTs head-on - with frankly some solid arguments / things that also concern me, including:Crypto / NFTs are a potential privacy nightmareThe current environmental impact of certain Proof-of-Work protocolsImportant concerns are often dismissed as just FUD: fear, uncertainty, and doubtEvidence of some recreation of existing power structures in a new environmentDAOs have proven to be problematic in many instancesAnd another long list of etc.