Are NFTs Frigid Stars? Xenogothic

This is an examination of Stephen Diehl’s NFTs are a scam / like buying stars Twitter thread.

The Bandcamp example seems obvious:

For instance, “giving money to be added to some abstract database so I can access some digital content like a chump” could just as easily describe buying an album on Bandcamp. When you pay £7.99 for that album, how do you think the site knows to retain your access to it, as well as opening up a channel for you to download the files at your leisure? Probably by putting you on some sort of register.

Lots more stuff on music and fundraising drives and so on. A good read!

@robertDouglass @lucasgonze this is likely a better place to go deep on NFT stuff.