Okay, so this may seem like a lazy post since it is essentially reposting the content of others - but I think this stuff is so important that it's worth spreading the message.
If you are considering getting involved with Web3 (as it relates to blockchain), NFTs, or other stuff like this - whether just as a participant, or as a developer... please consider watching or reading one or both of these extremely well researched pieces.
A great, long read - https://tante.cc/2021/12/17/the-third-web/
An excellent (again, long) video - over 2 hours:
Further Reading
- Keep the web free, say no to Web3
- Web3 is Just Expensive P2P
- Blockchain is Dangerous Nonsense
- https://web3isgoinggreat.com/
- https://davidgerard.co.uk/blockchain/2021/03/11/nfts-crypto-grifters-try-to-scam-artists-again/
- https://amycastor.com/2021/03/14/metakovan-the-mystery-beeple-art-buyer-and-his-nft-defi-scheme/
- https://www.stephendiehl.com/blog/crypto-absurd.html
- https://blog.mollywhite.net/blockchains-are-not-what-they-say/
- https://www.motherjones.com/politics/2021/11/who-goes-crypto-eth-bitcoin-etc-financialization-gamestop-class-wealth/
- https://twitter.com/davetroy/status/1478017698676228099
- https://davidgolumbia.medium.com/cryptocurrency-is-garbage-so-is-blockchain-3e80078e77fe
- https://marker.medium.com/fintech-is-a-scam-a-listicle-in-eight-parts-7b6161f3a35a
- https://naavik.co/business-breakdowns/axie-infinity/#axie-decon=
- https://www.gawker.com/culture/the-future-is-useless-expensive
- https://twitter.com/NFTtheft
- https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/
- https://www.gamesindustry.biz/articles/2021-11-05-baseless-nft-hype-hits-a-crescendo-but-its-play-to-earn-thats-worth-watching-opinion
- https://www.technollama.co.uk/platform-is-law-the-cautionary-tale-of-stolen-nfts
- https://davidgerard.co.uk/blockchain/2021/02/12/libra-shrugged-chapter-6-banking-the-unbanked/
- https://twitter.com/Bitfinexed
- Web3 is centralized (and inefficient!)
- The Man Behind Ethereum Is Worried About Crypto's Future
- The Complete Argument Against Crypto
Full disclosure
I do personally own some crypto (worth a non-trivial amount), but I was given it for free as part of a previous job's remuneration package.
Dear god. They're minting colours as NFTs now 🤦 ...