@blackdave

Imagine that there’s a lake, and someone says “I’m gonna put 100 boats in this lake” & in the excitement around boats getting into this empty lake more and more people commit to also buying boats, totaling to over 500 boats in the lake. They buy boat after boat after boat until the lake is now full. Instead of building a system that could successfully hold 500 or more boats, they found it helpful to just throw money at the boats instead of recognizing that the problem is the lake as unable to all those accommodate boats effectively, and now none of the folks in the boats are having a good time. I’m happy boat sellers are able to get their boats off, but I fear they may never sell another. This is how I feel about the $500k+ earmarked to purchasing NFTs.

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