Line goes up

Line goes up: Let’s talk about the Ape in the room: Web3, Cryptocurrencies and NFTs are the hot shit. You absolutely heard about all of this since last year. At least.

The Problem with NFTs
The Problem with NFTs (and also Crypto and Web3)

You probably heard all kinds of things about Web3 and supporting technologies, including the Metaverse. And while most of the headlines you’ll typically see revolve around ridiculous numbers the market generates, criticism in the development rises. Technically, most of the technology is sound. However, consequences show in economy and society.

The dependencies are complex and wrapped in complicated language, mixed up with overly difficult expressions for technology.

To understand the market for digital currencies and non-fungible token, Dan Olson of Folding Ideas explains different concepts in the video “Line goes up”. More than 2 hours long.

00:00:00 Preface 00:01:12 0. In 2008 The Economy Collapsed 00:07:09 1. Bitcoin 00:18:18 2. Ethereum 00:24:34 3. The Machine 00:39:07 4. NFTs Exist To Get You To Buy Crypto 00:57:54 5. The Unbearable Cringe Of Crypto 01:11:46 6. A Self-Organizing High Control Group 01:16:57 7. Crypto Reality 01:25:36 8. There Is No Privacy On The Chain 01:32:52 9. If This “Looks Like Scam” Then Every NFT Room I’m In Looks Like Scam LOL 01:38:29 10. Play To Earn Exists To Get You To Buy Crypto 01:46:39 11. We’re All Gonna Make It And By “We” I Mean “Us” Not You 01:56:08 12. DAOs Exist To Get You To Buy Crypto 02:13:21 13. I Know It’s Rigged, But It’s The Only Game In Town