I'll say it upfront: I like . I think that they're exciting and that there'll be use cases for them — and I have invested a little bit in a few crypto projects (eg, $BTC).

However.

The amount of nonsense in the world in general, and around 's in particular, is astonishing. Proponents and advocates should be the first to call BS, for our own benefit.

I listened to [this recent of the with (of Digg fame)](podcast.banklesshq.com/95-how-), and in that spirit, I'll mention here five idiotic or at least naïve ideas expressed in the show:

Follow

Think that paying to have the say that you are the “owner“ of a JPEG everyone can see on the internet was often silly enough? Think again. shares the good news that legendary collectibles can now be sliced into tokens so that we poor late arrivers can pay to have a blockchain say that we are the “owners“ of a _little piece_ of what _another_ blockchain says is the legitimate instance of a JPEG everyone can see on the internet.

Progress!

Sign in to participate in the conversation
Qoto Mastodon

QOTO: Question Others to Teach Ourselves
An inclusive, Academic Freedom, instance
All cultures welcome.
Hate speech and harassment strictly forbidden.