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NFTs Are a Telltale Sign of Civilizational Decline
What’s cooler than a $120,000 gif? Living wages.
If you don’t know what the f*** an NFT is, I’ll tell you a story: 10 years ago someone decided to make a poptart-rainbow cat animation. It broke the internet. The creators didn’t make a penny of profit, because knock-offs flooded the web.
Today, that gif is valued at half a million dollars simply because a bunch of computers were able to timestamp it as being original. But it didn’t stop there.
Jack Dorsey’s first tweet sold for almost $3 million as an NFT — a non-fungible (non-replaceable; unique) token (digital product).
This tells you something about human nature and modern economics: value is the product of delusion, not reality. Sure, these people bought intangible digital products as investment assets. And the tech does help curb copycats.
But our obsessive faith that more tech will solve all our problems is just hilarious at this point.
Whether it’s green energy making Elon Musk the richest man in history, or 5G-based metaverses obliterating the need for real-life social infrastructure, every new thing we invent shines a light on our problems more harshly than ever.
Problems which tech can’t fix, was never supposed to fix, and never will fix.
