Square Enix and Crypto

[Nekaru_Infitima]

As someone actually in Cyber Security, and one who understands crypto more than the masses that demonize it. I'm all for NFTs.

[Ezzeloharr]

As someone actually in Cyber Security, and one who understands crypto more than the masses that demonize it. I'm all for NFTs.

I'd love to know why you're all for crypto, and what about your "Cyber Security" experience suggests it worth supporting in any capacity.

[SnowVix]

As someone actually in Cyber Security, and one who understands crypto more than the masses that demonize it. I'm all for NFTs.

I'm sure that's why Ethereum allows literal Wallet Inspector scams to go off with no recourse for the scammed.

Edited to add a tweet from a crypto guy who fell for the most blatant scam ever about it, because quite frankly, falling for "Spotify Wrapped but for your financial transactions" is hilarious: https://twitter.com/cat5749/status/1476813266462539779

[Kakure]

As someone actually in Cyber Security, and one who understands crypto more than the masses that demonize it. I'm all for NFTs.

"As someone actually in Wall Street banking, and one who understands financial instruments like mortgage-backed securities and collateralized debt obligations more than the masses that demonize them. I'm all for saturation-level subprime borrowing."

[Kakure]

I do not have words to express the depths of my contempt and disgust for NFT gaming and its corporate evangelists. Keep this garbage out of our games.

[Xtro99]

You sound like someone who doesn't understand economics or basic common sense.

[Ezzeloharr]

Do you care to expound on that statement? Are you going to explain supply-and-demand curves to me?

[Lemuria]

As someone actually in Cyber Security, and one who understands crypto more than the masses that demonize it. I'm all for NFTs.

I'm fairly certain you neither work in cyber security, nor understand enough about crypto if you are standing by NFTs. Here's a few facts for you to chew over.

1. Your 'investment' is backed by literally nothing. What's encrypted is a key or token (or weblink) that links you to your digital item. It has no intrinsic value beyond what someone else will pay for it.
2. Your 'investment' can be immediately destroyed upon purchase, either by the game company if the servers shut down or by malicious intent on the seller who changes what that token points to.
3. Since you don't actually own the item, neither do you have any rights to it. Whether that's an in-game hat, a piece of artwork, you literally do not own the copyright to it unless it was specifically included.
4. Since you don't have any rights to it, neither do you have any grounds to pursue legal action against the seller. They sold you the link. Nothing more.

For someone who apparently works in cyber security, these should all be giant red flags. If none of your alarm bells are ringing at this point, then you should probably find employment which is better suited to your strengths.

Creepy $1,000 Doll: I sleep

NFT: Real Shit

Not saying NFTs are good either, but THIS is where we are drawing the line?

Square has been cash grabbing for years.

You're comparing an actual figurine which will likely adorn someone's room and is a genuinely limited commodity that not everyone will own, to an NFT which links to digital art which can easily be copied and distributed freely? Yes, this is where we're drawing the line.

[Larirawiel]

Asmongold is also not very amused.

https://www.youtube.com/watch?v=rgg768z2GRA


Cheers