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Living Room / Re: Whoever understands NFTs let's make one for DonationCoder
« Last post by wraith808 on March 22, 2021, 04:51 PM »To me, this article, and its line of thinking, come across as moral panic akin to "rock music is evil" by people who don't understand (or like?) new things. Especially because the people involved in that article seem to think that NFTs exist only on Ethereum where minting them is (currently) very expensive in terms of both electricity and cryptocurrency. But I just sit back in bemusement and think of the adage "a fool and his money are soon parted."-Deozaan (March 22, 2021, 02:58 PM)
To add to this, the fact that there are costs associated with 'minting' NFTs and that people are doing it for the most superfluous of reasons seems to be the primary reasons for naming it a pyramid scheme, which seems disingenuous at best, in all honesty. There are no get rich quick schemes, and NFTs are no exception to that rule.