From the Hacker News thread
Haven't you watched "Line Goes Up - The Problem With NFTs" yet? It's about a whole lot more than just NFTs. Your question is thoroughly addressed and truthfully answered in that video. Also see his references and citations in "Sources and Further Reading" for more proof. youtube.com/watch?v=YQ_xWvX1n9g Sources and Further Reading: web3isgoinggreat.com/ tante.cc/2021/12/17/the-third-web/ davidgerard.co.uk/blockchain/2021/03/11…... amycastor.com/2021/03/14/metakovan-the…... stephendiehl.com/blog/crypto-absurd.html blog.mollywhite.net/blockchains-are-not…... twitter.com/davetroy/status/14780176986… davidgolumbia.medium.com/cryptocurrency…... marker.medium.com/fintech-is-a-scam-a-l…... naavik.co/business-breakdowns/axie-infi…... gawker.com/culture/the-future-is-useles…... twitter.com/NFTtheft theatlantic.com/ideas/archive/2021/04/n…... gamesindustry.biz/articles/2021-11-05-b…... technollama.co.uk/platform-is-law-the-c…... davidgerard.co.uk/blockchain/2021/02/12…... twitter.com/Bitfinexed