Seth Godin isn’t so into NFTs - “The trap, then, is that creators can get hooked on creating these. Buyers with a sunk cost get hooked on making the prices go up, unable to walk away. And so creators and buyers are then hooked in a cycle, with all of us up paying the lifetime of costs associated with an unregulated system that consumes vast amounts of precious energy for no other purpose than to create some scarce digital tokens” - I think the being hooked in a cycle part is going to be the same for any type of collectible, and maybe any type of value based system, but the energy consumption is definitely an issueseths.blog #