Who could have seen this coming

https://lemmy.zip/post/60822960

When I first learned about NFTs I figured I was simply too stupid to understand it. There was simply no way it was as dumb as it sounded.

Turns out I was right, it was way, way dumber than it sounded.

It went the way it usually goes if anything is used exclusively as a subject of speculation. NFTs were meant to represent things, but people inscribed “value” in the representation instead. As if the housing market suddenly exploded the day someone invented writing its owner on a piece of paper.