zlacker

>>nemoni+(OP)
It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so many people just blindly buying into it, including the damn BBC!

>>WilTim+o2
Every person I've spoken to who's told me they're interested in crypto literally only care about it to make money, and have no interest in learning how it works. They all treat every last crypto-based use as investment like stocks, and not as a normal economic choice (e.g. "I want $3000 worth of bitcoin to buy a car" is not something people are doing, instead it's all "I want $3000 worth of bitcoin because the internet told me it'll be 3 million in a year").

NFTs also annoy me because it's literally the worst part of art industry - "buying" the "rights" to a piece of art so you can turn it for more cash later on, and not as an appreciation of the work. Bored Apes might be one of the few exceptions where people are doing it for "bragging rights", which is infinitely better because you're buying it to say you own it, much closer to normal art purchases.

>>luckya+Y4
If everyone you've spoken to is only interested in the money, maybe you should speak with different people?

Or if this is just hyperbole, perhaps accept that Sturgeon's Law is valid even for human behavior in relation to finance and economics?

People were making unbelievably stupid decisions and came up with the most ridiculous rationalizations for "investing" in the dot-com bubble. Same thing with real estate a decade later. It is not just because a market is overheated that we should dismiss the industry entirely.

(I am not saying that those with better judgement should just go and exploit the irrationality of the masses. What I am saying is that there is no way to argue anyone into making rational decisions.)