Square Enix and Crypto

[Enla]

Can you really expect a company to leave profits on the table? To me this just seems like a new form of micro transactions we lost that battle and now blockchain/nft are the new battlefield. I for one am interested in seeing what they do, as everyone knows when it comes to investing you only put in what you are comfortable with losing, I am not sure why people call it a scam common sense is all you need to protect yourself. I for one am interested in seeing what they do with it.

Google "The Great Beanie Baby Bubble" for insight on why many people are accurately calling this a scam. NFTs are literally just a repeat of that whole nonsense - except this time you only own a link to an image. At least with Beanie Babies you owned a physical object. Likewise it's pretty clearly just a new generation of money laundering for the rich, to say nothing of it's environmental impact. The second serious regulation is put in place (like the IRS ruling at any Crypto transaction over 10k needs to be reported) the bubble is going to burst and it's not people like SE's CEO who are going to be left holding the bag but the rest of us.

[Risvertasashi]

Google "The Great Beanie Baby Bubble" for insight on why many people are accurately calling this a scam. NFTs are literally just a repeat of that whole nonsense - except this time you only own a link to an image. At least with Beanie Babies you owned a physical object. Likewise it's pretty clearly just a new generation of money laundering for the rich, to say nothing of it's environmental impact. The second serious regulation is put in place (like the IRS ruling at any Crypto transaction over 10k needs to be reported) the bubble is going to burst and it's not people like SE's CEO who are going to be left holding the bag but the rest of us.

My favorite analogy is the "name a star" registries that are meaningless.

But it gets better. Some of the NFT games have already removed the blockchain element. Making them even more alike to those registries. They really are worthless crap exploiting FOMO with artificial scarcity.