https://antsstyle.medium.com/why-nfts-are-bad-the-short-version-48acff22c54b Get started Open in app Antsstyle Sign in Get started 58 Followers About Get started Open in app Why NFTs are bad: the short version Antsstyle Antsstyle Sep 3*2 min read This is a short explanation of why NFTs are bad. For more detailed explanations, the end of this article has links to detailed articles I have written on the subject. In a nutshell, NFTs are bad for two reasons: 1. They are bad for the environment, as they rely on cryptocurrencies that cause huge amounts of carbon emissions. They will continue to rely on these systems for security reasons (despite claims to the contrary about moving to other systems). 2. They are only valuable as tools for money laundering, tax evasion, and greater fool investment fraud. There is zero actual value to NFTs. Their sole purpose is to create artificial scarcity of an artwork to supposedly increase its value (it doesn't do this, but the pretense that it does can be used for illegal purposes by those who recognise that fact). More Information I have written a much longer, detailed explanation of all the reasons why NFTs (and cryptocurrency) are bad in the article below. Why NFTs are bad: the long version This is the in-depth follow up to this brief article: antsstyle.medium.com Below are some more articles I've written, that are responses to specific articles on the web (Jisu's article was a highly-shared article full of misinformation about NFTs, and so two of the articles below specifically respond to the points in that). A response to Jisu's article This is a response to Jisu's article about NFTs... antsstyle.medium.com A response to Jisu's article (Part 2 of it) This is a response to the second part of Jisu's article about NFTs, which can be found here... antsstyle.medium.com Thoughts on AnilDash and McCoyspace's Article on NFTs, and criticisms of blind innovation and... The article in question, for context... antsstyle.medium.com Criticisms of blockchain consensus mechanisms in cryptocurrency usage (PoW, PoS, etc.), This article is written to explain blockchain consensus algorithms, and explain why none of the current systems are any... antsstyle.medium.com Antsstyle Computer scientist. https://twitter.com/antsstyle Follow 67 2 67 67 2 More from Antsstyle Follow Computer scientist. https://twitter.com/antsstyle More From Medium Composition of EVM CoinEx Smart Chain [1] [1] Blockpass launches Token Distribution Event Blockpass [1] [1] Comprehensive List of Banks using Blockchain Technology Mappo in HackerNoon.com [1] [1] Lympo advisor Viktoras Vatinas: Lympo is 'innovation at its finest' Lympo in Lympo Business Blog [1] [1] Bringing Real Estate On The Blockchain Jia Yung Lee in XR Web 3.0 -- Decentralised Protocol of XR Apps on Web 3.0 [1] [1] The Safety and Stability of PlatON Consensus Protocol Passed Runtime Verification's Academic-Level... PlatON Network in PlatON Network [1] [1] Global Social Chain Founder Evan Yip: Strategy in the bear market -- the ecological blueprint of GSC GSC Official [1] [1] Testnet 3 Results and Awards Concordium in Concordium [1] [1]