Once again and as predicted, we have another
'web3 is a ponzi' article. The creators of web3, and everyone else knows it is a giant scam, just like how ICOs where in 2017. All thanks to and started by Ethereum.
Not sure why this article presents this as a great surprise or a new discovery. Sure, the majority of NFTs (Especially the JPEGs) are a pump-n-dump ponzi scam selling images to each other. When the NFT craze runs out of steam, 90% of all the image/audio/video types of NFTs will collapse. 10% of the other NFTs will survive with a valid use case.
I don't see how the whole 'web3' narrative should apply to every single cryptocurrency and project in existence, like how this article has done. Just look at this sentence and the quote:
> A person investing in crypto or a shared future on the blockchain is said to hate Earth and support the “hyperfinancialization of all human existence.”
How does that apply to every single cryptocurrency as the author of this tweet has just generalized? [0]
[0] https://twitter.com/smdiehl/status/1465682611171467269?s=20
Not sure why this article presents this as a great surprise or a new discovery. Sure, the majority of NFTs (Especially the JPEGs) are a pump-n-dump ponzi scam selling images to each other. When the NFT craze runs out of steam, 90% of all the image/audio/video types of NFTs will collapse. 10% of the other NFTs will survive with a valid use case.
I don't see how the whole 'web3' narrative should apply to every single cryptocurrency and project in existence, like how this article has done. Just look at this sentence and the quote:
> A person investing in crypto or a shared future on the blockchain is said to hate Earth and support the “hyperfinancialization of all human existence.”
How does that apply to every single cryptocurrency as the author of this tweet has just generalized? [0]
[0] https://twitter.com/smdiehl/status/1465682611171467269?s=20