this post was submitted on 04 Sep 2023
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chapotraphouse

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The funniest thing about NFTs is all the real companies that fell for that shit (hexbear.net)
submitted 2 years ago* (last edited 2 years ago) by Dirt_Owl@hexbear.net to c/chapotraphouse@hexbear.net
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The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

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[โ€“] Sinonatrix@hexbear.net 4 points 2 years ago (1 children)

This would be an objectively good thing for retail traders in a few ways, though there'd be some hilarious issues from making stocks into digital bearer bonds - what do you do if I steal your Google coins, or if you die while holding them in a wallet with a lost key? Any answer that's not "too bad lol" can only mean giving terrifying power to a DAO - or right back to the SEC