Post #4040942

2026-07-23 16:35 UTC

Meanwhile the NFT fanboy is sitting stiffly at a table, looking strangely glassy-eyed and uncomfortable, his eyes darting this way and that, while his hand gestures convey a suggestion of being used to display his fat wristwatch and rings on both hands, visible tokens of his street cred as a canny NFT investor. It's a bizarre little performance and, rated as a sales pitch, it's astonishingly unconvincing. His voice pauses at odd places, hinting perhaps that some part of his brain is commanding his mouth to hesitate just before or just after saying something ridiculous, something that would move a more honest person to admit their uncertainty. Can an NFT, a "non-fungible token" that is in fact extremely fungible, ever be considered a blue chip investment? In any conceivable scenario? (cont'd)

Replies (1)

@mxchara@seattle.pink 2026-07-23 16:43

But it's occurred to me that in this bizarre world of wannabe #finance wizards, the halting and stilted performance might be interpreted as honesty. Everyone who's really into NFTs and other #crypto thingummies is likely to be sweaty and desperate in much the same way, preoccupied with amping up their enthusiasm for NFTs only because they feel they've no other avenue out of debt and misery. Everyone is lying. Everyone is trying to tell themselves they've got a sure bet. Everyone is trying to sound confident about things that, deep down inside, they must realize make very little sense. So they cling to memes and catchphrases, like "blue chip"--a term cribbed from the more respectable world of stock-market gambling, which the crypto and NFT crowds are obsessed with imitating. (cont'd)

Open ##4041072