LogFAQs > #961993497

I dont really listen to / watch video essays anymore, they are the enemy of brevity and anyone can make one

Like you really don't need 2+ hours to explain why NFTs don't meet any reasonable or useful definition of "ownership" (an NFT of an image by itself is no more interesting than if DaVinci sold you a receipt for the Mona Lisa that gives no control over the art).

Nor to explain why it's delusional to believe that financial firms aren't fifty steps ahead of the retail investor crypto mob (financial firms learn from experience, mobs do not).

IMO the most unfortunate thing about the crypto craze is the absolute cults it has formed on the internet, go to any major NFT discord for certain 'brands' like lazylions and the discussion is just cultish. Similar to more broadly how certain 'investing behaviors' have become memes ("HODL", "line go up", "buy the dip!!"), anyone who gets swept up in the hype will inevitably face serious losses in the long term.