In part because it reminds me a bit of the old internet, with stuff being spread around everywhere.
Being “harder”* to understand than reddit, twitter or other big companies’ services is also a good thing, because people should remember that they have a brain and they should use it.
- “harder” because not everyone understands the fediverse right away, since usability is extremely similar
PS: ^superscript doesn’t work with phrases? at least not on preview^
This is what genuine grass root communities look like. Compare that to crypto and NFTs which had insane amount of VC funding to pretend to be grass roots.
Fuck those crypto shills. I’ve fallen for their bait back in '16 and 17. I learned the hard way that it’s grifts on top of grifts all the way down
Crypto and NFTs are money-laundering scams with a lot of technobabble thrown in to hide the truth from normies. I knew it was a scam when one of my friends, who is a smart guy but not a tech guy, bought into BTC because he thought it was clearly the future. I think he made money on his first BTC, and I’m pretty sure he lost on his second and third BTC, and I feel terrible for him because it was with some of his retirement. He’s going to have to work a trade job for years longer than if he’d just put that same money in an index fund, because he got sucked in by the allure of crypto.
I’m not huge on governmental regulation of people’s decisions with their money, but I have a personal rule. If you can’t explain it in a sentence to the average 10 year old or they understand it and it sounds like it should be illegal to said ten year old, it’s not a good idea. It’s easy to explain how a basic investment in a company that makes physical goods can be profitable. Try to explain NFTs to a fifth grader without using words like “profit from nothing” and see what they think.
If the stock market is already artificially high for a few reasons, crypto and NFTs were/are even a step higher in artificial pricing and being a tool for rich people to get richer and hide their money from the few governments powerful enough to dare tax them.
I think the original Bitcoin proposition had some merit in introducing a new concept and a new type of trustless economy. However probelms in scaling the PoW mechanism and transaction fees make it infeasible for daily use.
99.9% of the other stuff? Never understood why people see value in NFTs. Especially given that they mostly link to image files on someones web server that would point to a 404 page if taken offline.