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95% of NFTs are Worthless: Report
(petapixel.com)
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this post was submitted on 21 Sep 2023
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Technology
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It's sad, I remember when bitcoin was new and the people interested were actually interested in breaking the state control of money. Now >99% of crypto people are just grifters and people trying to get rich quick.
bitcoin skyrocketed and suckered in a lot of people to the gold rush. they didn't want decentralized currency or anything. They just saw that it was ~16,000 dollars a bitcoin and wanted in.
Most people were grifters back then too. I had a friend who was a libertarian porcfest free-stater and he was against bitcoin because he was afraid everyone would lose all their money and not be able to complete the free state project.
My hope is the fintech people will be gone by the time someone thinks of an eco-friendly consensus protocol that isn't Proof of Stake (ie "the people with the most money have the most power").
Sadly time has proven that bitcoin never had good intents, it was all just marketing hype.