this post was submitted on 10 Jan 2024
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Same. I'm getting to the age where I say "I don't get it" when it comes to a lot of popular things these days. I said it loudly about NFTs, glad to see I didn't misunderstand it.
Someone mentioned in a video about crypto that the boom in nfts coincided with new tax rules for art that made it harder for millionaires to store/hide their money in it and avoid tax.
That's when it all clicked for me.
What's not to get? You convince the more gullible to put money into it, when enough people have fallen for it, you grab and run. Really nothing new.