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   progo in Dorian mode in NYC (progo@noagendasocial.com)'s status on Friday, 16-Jun-2023 08:30:22 JST progo in Dorian mode in NYC

   You know how during the NFT bubble, people would mint NFTs and then trade them among sock puppet accounts, to make them appear desirable?

   China did that with tens of thousands of electric cars. Manufactured, "sold", registered and everything. "Rotting in a field" now with a few miles on each.
   https://odysee.com/@serpentza:5/china-is-throwing-away-fields-of:b

   This sounds about as healthy for the economy as building thousands of apartment skyscrapers that are barely fit to live in and selling them as vacant investment properties.

   • Embed this notice
     Sir Nedwood - Sydney 🇦🇺 (ned@noagendasocial.com)'s status on Friday, 16-Jun-2023 08:30:36 JST Sir Nedwood - Sydney 🇦🇺

     in reply to

     @progo How very Chinese a thing to do.

   • Embed this notice
     Sir Nedwood - Sydney 🇦🇺 (ned@noagendasocial.com)'s status on Friday, 16-Jun-2023 08:34:03 JST Sir Nedwood - Sydney 🇦🇺

     in reply to

     @progo Has the NFT bubble actually burst? Are they all completely worthless now?

   • Embed this notice
     Sir Nedwood - Sydney 🇦🇺 (ned@noagendasocial.com)'s status on Friday, 16-Jun-2023 08:39:00 JST Sir Nedwood - Sydney 🇦🇺

     in reply to

     • ringo

     @ringo @progo because crypto, blockchain, tokenizing... IDK, whatever buzzword the cryptobros could use to for their pump-n-dump scheme.

   • Embed this notice
     ringo (ringo@talk-here.com)'s status on Friday, 16-Jun-2023 08:39:04 JST ringo

     in reply to

     • Sir Nedwood - Sydney 🇦🇺
     @ned @progo
     
     i still dont get why people collect nft's.
     
     i assume its the same people that buy plastic action figures and star wars models.
     
     also, i've always called them 'non functional transactions' but thats just my own inside joke.
   • Embed this notice
     progo in Dorian mode in NYC (progo@noagendasocial.com)'s status on Friday, 16-Jun-2023 09:06:43 JST progo in Dorian mode in NYC

     in reply to

     • Sir Nedwood - Sydney 🇦🇺

     @ned The buzz had died down. I'm pretty sure the whole NFT economy is a few thousand individuals world-wide trying to scam each other, at this point. They just don't want to admit it burst.

   • Embed this notice
     Sir Nedwood - Sydney 🇦🇺 (ned@noagendasocial.com)'s status on Friday, 16-Jun-2023 10:00:14 JST Sir Nedwood - Sydney 🇦🇺

     in reply to

     • ringo

     @progo @ringo it's only a pyramid for the suckers that bought into it. For the sellers it was money laundering.

   • Embed this notice
     progo in Dorian mode in NYC (progo@noagendasocial.com)'s status on Friday, 16-Jun-2023 10:00:15 JST progo in Dorian mode in NYC

     in reply to

     • Sir Nedwood - Sydney 🇦🇺
     • ringo

     @ringo @ned pyramid scheme.

   • Embed this notice
     ringo (ringo@talk-here.com)'s status on Friday, 16-Jun-2023 10:00:18 JST ringo

     in reply to

     • Sir Nedwood - Sydney 🇦🇺
     @ned @progo
     
     new age money laundering, if you ask me.