NFTs Are A Scam; Here's Why | Chaianalysis

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The Gravel Institute's video on Bitcoin:    • Why Bitcoin is a Scam  

A lot of people are confused over what, exactly, an NFT is, and why people are paying ridiculous amounts of money for something that doesn't seem to make any sense. In this video, I'll explain how the technology behind it works - and more importantly, why it's a scam.

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#Blockchain #NFTs #Bitcoin #Cryptocurrency #SquareEnix #Ubisoft

SOURCES:
https://nakamotoinstitute.org/bitcoin/
  / the-untold-history-of-bitcoin-enter-the-cy...  
https://internethalloffame.org/blog/2...
https://consensys.net/blog/blockchain...
  / proof-of-stake-the-wrong-engineering-mindset  
https://web.archive.org/web/200807170...
Marx, Karl: Das Kapital
  / but-the-environmental-issues-with-cryptoart  
https://ethereum.org/en/nft/
  / 1468658745819287556  
https://www.hd.square-enix.com/eng/ne...
https://arxiv.org/abs/2108.10984

0:00 Intro
1:10 The Blockchain
8:48 Commodity, Fiat, Crypto
13:43 Non-Fungible Tokens
18:42 Why
21:14 Credits