Personally, I would feel sorry for them.

Imagine being bred to be cute over many generations, inheriting genetic defects that would make your life painful and short.

No wonder why they are so aggressive all the time, they are often very inbred.

If there are alternatives available, no.

If you are stuck in the middle of the desert, yes.

No way.

As long as exchanges and whales fuck with the price as much as possible with their bots, it would be impossible for Bitcoin to replace Beanie Babies, let alone oil.

Well, we shouldn't trust what Tether says as they have incentives to lie to you.

This company holds the same status as Lehman Brothers as too big to fail.

If it fails, then liquidity dries up. This leads to investors taking their money out of the crypto market.

If it doesn't collapse Bitcoin, it would maim it.

I am going to be honest, NFTs are overrated.

They are just overpriced certificates for pngs you don't even own.

Not everything has to be decentralized: sometimes centralization is the most efficient way to do a task.

Just ignore anything that calls itself a NFT and you would be good.

My biggest enemy is the doubts I have.

It prevents me from doing well.

A flaming shit is still flaming.

Sometimes in order to solve the big problems, you need to take care of the small ones.

It may not always be the solution, but it is one less problem to take care of.

That is equal to saying that we shouldn't waste water on a house fire because the Amazon is ablaze.

While I agree with the fact that the NFT market is at best filled with charlatans, it would be a stretch to say that situations like what happened with Neopets
are "sideshow distractions".

The reason why there is so "much outrage and cohesion" with these issues is that the targets don't have the ability to wipe your existence and the
existence of others with the natural ease of a muscle twitching.

But the more substantial reason is that unlike the "economic policies that are surely going to wreck the countries in which we live", there is a way to measure the success of the measures taken.

For the example of the NFTs, it is simple: get the company to take down them and say sorry.

In contrast, it is difficult to judge whether certain economic policies are successful or not as there are many, many criteria to choose from.

Leader: We have done it, we had saved the economy
Economist: Sire, you had destroyed half of the country doing so and 90% of the population is still starving.

No wonder when faced with such large problems, people would rather "continue staring at their phones".

This is thus why I respectfully disagree with the quoted statement above.

If you need to actively promote your investments, that ain't a good investment.

Good investments often speak for themselves.

They don't need a PR team.

Just because it is popular doesn't mean you should jump onto it.

That is just FOMO, which can lead to shit decisions.

https://www.reddit.com/r/HobbyDrama/comments/pzmcy2/pet_site_game_neopets_introduces_nfts_burns/

I can imagine the meeting that led to this:

Old Tired Executive™: What can we do to attract the darn kids to our game again?

Fresh New Intern™: We could spruce up the game with new features and paintbrushes.

Old Tired Executive™: Nah, that would hamper our profit margins.

Another Old Executive™: What about we try some of these hip crypto thingies, that would really attract the youth.

Old Tired Executive™: You are right about this, who should we trust with our revival?

Fresh New Intern™: We have artists and stuff.

Old Tired Executive™: Nah, give it to the B Team.

https://www.investopedia.com/news/bots-drove-bitcoins-150to1000-rise-2013-paper/

Yep, it appears that the golden child of crypto has some secrets.

https://mailchi.mp/brianlivingston.com/034-2#free1

Who knew there was collusion at the OverPriced JPG market?

https://cryptobriefing.com/kraken-faces-1-25-million-fine-from-cftc/

Not again.

Well, I will do anyway.

If you can debunk any of these posts, I will give you a merit.

https://www.reddit.com/r/Buttcoin/comments/pqfoou/if_youre_going_to_adopt_a_deflationary_currency/

https://www.reddit.com/r/Buttcoin/comments/pq9iez/97_of_asics_machines_never_mine_a_single_block/

https://www.reddit.com/r/Buttcoin/comments/pqg669/decentralization/

https://www.reddit.com/r/Buttcoin/comments/pq9maj/el_salvadorans_just_dont_get_it/

https://www.reddit.com/r/Buttcoin/comments/pqjn41/regs_are_coming_what_will_they_look_like/


https://www.reddit.com/r/Buttcoin/comments/pq7awj/beyond_the_hype_a_realistic_look_at_blockchain/

I will send the thread replies to the subreddit to see if they are convinced.

Good luck!

Not really.

It is only good in a speculator's sense along with Beanie Babies and rare Pokemon Cards, not in a 'useful for exchange of goods and services' sense.

As a currency, there are more things to consider than how much inflation it gets like being useful for buying goods and services.

With the lack of consequences, another NFT company would come up to fulfill the demand of speculators for public images turned into overpiced pngs.

And the exact same thing will happen again, and again.

There is not a lot of consequences in crypto unless you manage to cross into millions of dollars.

Well, the difference between the share analogy and this situation is that you don't see the actual stock exchange buying shares.

Even if time would eventually kill it, this piece of news may knock off customer confidence in NFTs.

If it ain't dead now, it is dead later.

https://www.bbc.co.uk/news/technology-58585342

This does not bode well for NFTs.

Exactly the same things banks do.

Why am I not suprised?