Cryptocurrency and NFTs are swindles that depend on the same mechanisms to function as pyramid schemes. They are also terrible for the planet and society for multitudes of reasons. But you don’t have to take my word for it.
Curious why, among a great many others, Bill Gates says cryptocurrency is a scam? Here’s some highly recommend viewing.
Line Goes Up by Folding Ideas
00:00:00 Preface
00:01:12 0. In 2008 The Economy Collapsed
00:07:09 1. Bitcoin
00:18:18 2. Ethereum
00:24:34 3. The Machine
00:39:07 4. NFTs Exist To Get You To Buy Crypto
00:57:54 5. The Unbearable Cringe Of Crypto
01:11:46 6. A Self-Organizing High Control Group
01:16:57 7. Crypto Reality
01:25:36 8. There Is No Privacy On The Chain
01:32:52 9. If This “Looks Like Scam” Then Every NFT Room I’m In Looks Like Scam LOL
01:38:29 10. Play To Earn Exists To Get You To Buy Crypto
01:46:39 11. We’re All Gonna Make It And By “We” I Mean “Us” Not You
01:56:08 12. DAOs Exist To Get You To Buy Crypto
02:13:21 13. I Know It’s Rigged, But It’s The Only Game In Town
The Financial Diet: An Honest Conversation on The Problem With NFTs & Cryptocurrency
Legal Eagle: NFTs are Legally Problematic
Steve Mould: But What Are NFTs Actually?
