<
https://onezero.medium.com/nfts-arent-as-stupid-as-you-think-bffab89697e3>
"Last week I was in rural Arizona, and in the course of business I met two of
the older guys in town. One of them owns and operates the motel, which most
likely exists because if you drive a truck from the Port of Los Angeles for a
regulation-limit 11 hour day, right around here is where you end up. The other
one built the RV park, and per his business card, he is also a real estate
agent, dealer of premanufactured homes, general contractor, and notary public.
Both of them spotted that I was here with a bunch of California tech money.
(The tip-off was that I was driving what they called a “new Toyota” around the
desert. It is a 2007 FJ Cruiser with the paint peeling off.) Both of them asked
what I knew about bitcoin and NFTs.
If this isn’t the “shoeshine boy” moment for the grab bag of internet schemes
called “crypto,” then it’s close. So I’m writing this thing. It is meant for
people that are tech-adjacent, not engineers or mathematicians, that are
starting to get FOMO at mainstream news telling stories of overnight
millionaires. It’s motivated by my general annoyance at crypto hype that is
incredibly stupid, and simultaneously, much criticism that is equally stupid.
Once more, though there are already many Explainers, this one is mine."
Via Joerg Fliege and Christoph S.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
