[Steve0]

Isn't this comparable to the guy in the Ferrari being mad at other drivers because he's in the same traffic jam as the rest or us?

I get where he's coming from, but that doesn't make it reasonable. And certainly not a scam by Ferrari.

[ttyprintk]

I struggle with that comparison, but it sounds like the sports car guy feels that his conspicuous wealth should elevate him above the rules meant for everyone else. To the extent that he shouldn’t even have to ask for it out loud, because his car is art and yours is a commodity that makes no statement on the scarcity of beauty.

If NFTs exist to make an artistic statement, then it’s not the same as a one-off art car. It’s a statement on conspicuously raising the ecological and conceptual cost for the same vulgar image that any scrolling rube can enjoy.

An NFT really could represent season tickets for some assigned seats in a sports arena, or (unfortunately) the order on a list of organ transplant recipients. But instead of problems of scarcity, NFT represents FOMO. And the most-confident adherents are definitely speculating on riding the wave.