The Worrisome Rise of NFTs
I would like to see an actual measured critique or discussion of NFTs and adjacent cryptocurrencies.<p>I&#x27;m absolutely willing to hear that NFTs (and related cryptocurrencies) are bad for the environment, bad for society, have no &quot;intrinsic&quot; value, but I&#x27;d really like to hear some counterpoints.<p>For example.<p>* Which is worse in terms of environmental costs: ordering 100 T-shirts or minting an NFT [0]?<p>* There will always be fads, regardless of NFTs. Beanie Babies were the fad in the 2000s that bootstrapped PayPal and EBay [1]<p>* There is at least an argument, whether it&#x27;s true or not, that cryptocurrency can&#x2F;will bootstrap solar adoption [2]<p>* Explorations of what it means to have &quot;unique&quot; art, especially as it pertains to the current ability to mass produce and copy maybe with real attempts at a critique against academic artists who believe in intrinsic value of fine art vs. digital art.<p>Though I&#x27;m not sure if there&#x27;s any concrete statistics, it&#x27;s at least a well accepted hypothesis that fine art is used as a tax evasion and&#x2F;or money laundering device. If anyone has references on this point, I would appreciate it.<p>Again, maybe NFTs are an indication of societal decline, but I&#x27;d like to have a good faith discussion about it instead of incredulous dismissals.<p>[0] <a href="https:&#x2F;&#x2F;web.archive.org&#x2F;web&#x2F;20211112062740&#x2F;https:&#x2F;&#x2F;twitter.com&#x2F;Supernova_Style&#x2F;status&#x2F;1459045172420005888" rel="nofollow">https:&#x2F;&#x2F;web.archive.org&#x2F;web&#x2F;20211112062740&#x2F;https:&#x2F;&#x2F;twitter.c...</a><p>[1] <a href="https:&#x2F;&#x2F;morfene.com&#x2F;021.pdf" rel="nofollow">https:&#x2F;&#x2F;morfene.com&#x2F;021.pdf</a> (pg 43-44)<p>[2] <a href="https:&#x2F;&#x2F;assets.ctfassets.net&#x2F;2d5q1td6cyxq&#x2F;5mRjc9X5LTXFFihIlTt7QK&#x2F;e7bcba47217b60423a01a357e036105e&#x2F;BCEI_White_Paper.pdf" rel="nofollow">https:&#x2F;&#x2F;assets.ctfassets.net&#x2F;2d5q1td6cyxq&#x2F;5mRjc9X5LTXFFihIlT...</a>