Comment by slg

Am I the only one who sees the interest in NFTs as an indictment of the whole crypo scene? NFTs abandon all the arguments that crypto people have usually used to argue why cryptocurrencies have value. People are dropping all pretext and openly admitting that these things only have value because they are artificially scarce and therefore maybe someone else will pay you more for it in the future. There is no other value. And now that we see that alone is enough to drive up prices, I start to wonder if anyone really believed all those arguments for cryptocurrencies or they were just too scared to admit that this was always all about trying to ride the artificial bubble for as long as possible.