Decline in interest comes as Elon Musk mocks non-fungible tokens

Techbro beanie babies

rand_
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65 hilabete

You literately aren’t wrong about that one

Plexer
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135 hilabete

Never really understood why NFTs were so popular.
Yet some people made lots of money out of NFTs.

m-p{3}
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115 hilabete

It’s basically a grift and the masses are finally figuring this out.

@AgreeableLandscape@lemmy.ml
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05 hilabete

Apparently there’s a serious theory that it’s a front for money laundering.

@ezmack@lemmy.ml
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85 hilabete

Was so weird how much mainstream hype those things got

@Helix@feddit.de
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75 hilabete

What a satire world we live in.

Cryptobro mocks other cryptostuff and cryptostuff loses value.

How is everything crypto not illegal?

@AgreeableLandscape@lemmy.ml
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5 hilabete

How is everything crypto not illegal?

Effectively the same as asking why casinos and horse race betting aren’t illegal. They should be, but rich pricks benefit from it.

Cyclohexane
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25 hilabete

They should be

First, I don’t think we should be cheering on the state doing anything to limit working people’s ability to do anything. And if we were to cheer them on rich people, well good luck. They won’t.

Second, while crypto has its cringe fanbase and rich users, it has also benefitted many non rich people in 1) transferring funds across borders, especially to areas cut off from the world through embargoes or other means 2) escaping state persecution and surveillance.

So I wouldn’t be so quick to judge it, imo. Palestinian resistance groups and scihub (whose founder is a Communist) both receive donations through crypto. Those are just examples.

@Metallinatus@lemmy.ml
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05 hilabete

First, I don’t think we should be cheering on the state doing anything to limit working people’s ability to do anything.

I hope that’s not a hill you’re willing to die on, you’re literally advocating for the decriminalization of, say, assassins for hire.

Cyclohexane
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14 hilabete

Assassins for hire already don’t care about the law. It is ridiculous to hold hostage people’s fights for privacy over this.

@AgreeableLandscape@lemmy.ml
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5 hilabete

I don’t actually hate all Cryptos. Some, like the Chinese Digital Yuan, are pretty good. I absolutely hate NFTs though, and any crypto that was pretty clearly made to be invested, not practixally used. Which is why I said casinos.

Mad
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45 hilabete

the Digital Yuan is not a cryptocurrency, it is just a fiat currency that is useable digitally. all transactions go through the Chinese government. it provides none of the benefits the person you’re replying to mentioned, in fact it does quite the opposite by literally making it easier for the state to track and persecute you than cash or banking would.

@Helix@feddit.de
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55 hilabete

But it’s from China, which means it’s good on Lemmy.ml.

Cyclohexane
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-15 hilabete

I do agree about NFTs. I don’t see the use case. Ethereum, Bitcoin, Monero, however, are used for good purposes.

@Maturion@lemmy.ml
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45 hilabete

I hope this is the end of this cult.

Mad
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45 hilabete

i don’t know whether to laugh or cry at this. at least they’re finally dead, but only because Elon said so? that’s sad. but also funny

@crulife@lemmy.ml
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5 hilabete

at least they’re finally dead,

I’m sorry but that’s not how shitcrypto works. Pump & dump cycle is exactly how it’s designed to work.

My crystal ball says that when the price has gone down enough, Elon (et al) will suddenly like them for some new reason and lo! the price goes up.

It’s like a brilliant philosopher once said: "Tide goes in, tide goes out. Never a miscommunication. You can’t explain that. You can’t explain why the tide goes in.”

@seahorse@lemmy.ml
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35 hilabete

Open the fridge, light turns on. Close the fridge, light turns off. Can’t explain that.

@lordofbud@lemmy.ml
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5 hilabete

Points in simpsons Ha ha

@AgreeableLandscape@lemmy.ml
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15 hilabete

@cheer@lemmy.ml
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25 hilabete

Susan’s probably malding.

@Matheo_bis@lemmy.ml
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25 hilabete

Finaly

@Zerush@lemmy.ml
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05 hilabete

A virtual untraceable economy in a corrupt capitalist system. What can go wrong?

@Supermuff@feddit.de
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deleted by creator

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