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From millions of dollars to under a grand: The dramatic fall of the NFT (english.elpais.com)
submitted 7 months ago by to c/technology@lemmy.world
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[–] 2 points 7 months ago (3 children)

The silver lining is that after the obligatory exploitation by grifters, every new technology of this caliber finally gets a more positive use in our lifes. Maybe somewhat naive, but I think we (ie. our societies) have payed ~50% of the tuition fee as far as crypto is concerned. So hopefully we'll be able to absorb the tech in our collective lives soon.

Ps: Different topic, but using the same metaphor for AI, I'm afraid we're just at the begin of its initial fallout.

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  • [–] 1 point 7 months ago*

    I think the rise of Monero over Bitcoin is a very positive sign. Since it has privacy, the government absolutely cannot stand the fact that it exists, and therefore, institutions don't want to touch it. This means the "number go up", "to the moon", and "compliance", shmucks are all driven away in horror and you are left with the real core who want to see a better money in a digital world. If that sounds interesting, you might want to listen to "darknet Market Maximalism" a manifesto by xenu. You can listen to the audio version of it on YouTube.

    Edit: I'll save you the trouble. Here's the link directly. https://www.youtube.com/watch?v=0ogNg20rGTU

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  • [–] 1 point 7 months ago (1 child)

    every new technology of this caliber finally gets a more positive use in our lifes

    Yeah, sure, that's why we're all riding Segways.

    The reality is that quite a lot of new technologies have no significant real-life use case and vanish without a trace.

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  • [–] 1 point 7 months ago*

    I tried to make clear that I'm talking about tech with potentially significant impact, case in point: blockchain. Are you suggesting that a quirqy twowheeler is somehow on the same level?

    Unless trolling is all you're about, I can recommend refraining from such offhand dismissive remarks. Sarcasm has its use, but rin an anonymous online discussion it is easy to misunderstand. It does not contribute to a meaningful exchange of ideas.

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