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Buying NFTs is the public equivalent of wiping your -ss with money. Not sure how to feel morally neutral about it.



If someone destroys their own money, that is a pure gift to the rest of society.

If that doesn't make sense to you, you have not understood what money is!


A gift in the form of an insult.

There are more productive ways to deal with wealth inequality.


Maybe you get your feelings of rage and envy get in the way of clear thinking.

In my experience, that doesn't serve one well.


You can't be emotionless about money. If this were false, then rich people could make you do anything they want, which I hope for you is not the case.


Not letting envy/rage override logic != emotionless.


How many poor people were harmed because of NFTs? In fact, it seemed to transfer a great deal of wealth to an artist who was formerly of modest means.


It can costs upwards of 200 dollars to mint an NFT, and it's quite common to see artists who have minted several NFTs but not sold anything yet. I'd say the likelihood that poor people are being harmed is quite high.


So you are saying there are "poor people" who are harming themselves (going without food, shelter, medical treatment) because they spent money on minting NFTs?

If that's true, I will be more than happy to retract my statement. But I think I have little to worry about.


Sounds like I won't be able to produce any evidence that will satisfy your criteria. I personally consider "tricking people into thinking they'll make lots of money if they spend hundreds of dollars minting NFTs" to be a harmful activity.


Those are temporary growing pains as demand for Ethereum block space exceeds supply, and will be solved with the ImmutableX NFT-focused zkRollup, which will increase Ethereum's maximum throughput from 15 NFT transactions per second to 8,000:

https://www.immutable.com/


How temporary? I can't find a timeline on their website.


They say this month:

https://www.immutable.com/blog/design-architecture


Oh, it seems like it's only for their card-trading game? So they're essentially saving themselves money on gas fees? I'm more interested in the fees affecting individual artists.

> We’re sprinting towards March 2021. Immutable X alpha release is still expected in March 2021 for Gods Unchained, and coming to other partner games and marketplaces soon after.


Their alpha release only works with one card game, yes. Their platform is going to be open for every one eventually, though I don't know when that is expected to happen.


Seems mostly to transfer wealth to already famous or rich people. The rich buying stuff from each other. Perhaps even laundering money as they do so.


I will concur that the art market in general seems like a way to store, hide, and transfer wealth.


You think the NFT money goes to the artist? What are you basing that belief on?


Profiles of "Beeple". For example:

https://www.esquire.com/entertainment/a35500985/who-is-beepl...


When someone wipes their ass with money they remove the bill from circulation making the rest of the money worth a little bit more.


>Buying NFTs is the public equivalent of wiping your -ss with money.

If the money goes to some random person who has managed to with the largess of the rich person lottery, instead of down the drain... it's different.




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