Line Goes Up – The Problem With NFTs

Dan Olson: As we get into this we’re going to need to deal with a lot of vocabulary, and a lot of complexity.  

Some of this is the result of systems that are very technically intricate, and some of this is from systems that are poorly designed or deliberately obtuse in order to make them difficult to  understand – and thus appear more legitimate. 

The entire subject sits at the intersection of two fields that are notoriously prone to hype-based obfuscation, computer tech and finance – and inherits a lot of bad habits from both. With a reputation for making things deliberately more difficult to understand – specifically to create the illusion that only they are smart enough to understand it. 


16,661,076 views Jan 21, 2022

If someone pitches you on a "great" Web3 project, ask them if it requires buying or selling crypto to do what they say it does. Sources and Further Reading https://web3isgoinggreat.com/ https://tante.cc/2021/12/17/the-third... https://davidgerard.co.uk/blockchain/... https://amycastor.com/2021/03/14/meta... https://www.stephendiehl.com/blog/cry... https://blog.mollywhite.net/blockchai... https://www.motherjones.com/politics/... https://twitter.com/davetroy/status/1...   / cryptocurrency-is-garbage-so-is-blockchain     / fintech-is-a-scam-a-listicle-in-eight-parts   https://naavik.co/business-breakdowns... https://www.gawker.com/culture/the-fu...   / nfttheft   https://www.theatlantic.com/ideas/arc... https://www.gamesindustry.biz/article... https://www.technollama.co.uk/platfor... https://davidgerard.co.uk/blockchain/...   / bitfinexed   Written and performed by Dan Olson Crowdfunding:   / foldablehuman   Twitter:   / foldablehuman   00:00:00 Preface 00:01:12 0. In 2008 The Economy Collapsed 00:07:09 1. Bitcoin 00:18:18 2. Ethereum 00:24:34 3. The Machine 00:39:07 4. NFTs Exist To Get You To Buy Crypto 00:57:54 5. The Unbearable Cringe Of Crypto 01:11:46 6. A Self-Organizing High Control Group 01:16:57 7. Crypto Reality 01:25:36 8. There Is No Privacy On The Chain 01:32:52 9. If This "Looks Like Scam" Then Every NFT Room I'm In Looks Like Scam LOL 01:38:29 10. Play To Earn Exists To Get You To Buy Crypto 01:46:39 11. We're All Gonna Make It And By "We" I Mean "Us" Not You 01:56:08 12. DAOs Exist To Get You To Buy Crypto 02:13:21 13. I Know It's Rigged, But It's The Only Game In Town


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