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We have to stop our #fashionista falling for this #encryptionist crap (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

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NFTs are actually a terrible way to support artists. most artists don't break even on NFTs. the only people you are supporting are greedy pyramid scheme salesmen, and unnecessarily acidifying the oceans

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[–] [email protected] 5 points 3 years ago* (last edited 3 years ago) (1 children)

If anyone needed authenticity artists could just digitally sign their work. What the NFT scam wants to provide is artificial scarcity. Physical goods can only be sold once wheras digital works can be copied losslessly and some people (music labels, gallerys etc.) for some reason (money) think this is bad. Even if someone thinks like that NFTs are still stupid as they could just sell licenses.

[–] [email protected] 1 points 3 years ago

Well said!