When I say that NFTs, Web3 and Defi (aka “crypto”) are scams, I’m not saying so flippantly or as an exaggeration to make a point, I’m saying that they’re “scams” in the strictest sense of the word.

Have you ever seen anyone who had a problem in the real world, searched for a solution and found it in Web3/NFTs/DeFi? Unless it was to raise money from gullible people, I’m guessing you haven’t.

Do you know that the people doing this marketing have huge premines of the coins themselves and have a strong vested interest in getting more people to buy? The venture capitalists that are funding this stuff get a huge number of tokens at a significant discount before the public. Their job is to convince you to buy, regardless of whether it’s useful or not.

Have you looked at the people involved in these projects? Many have sketchy pasts, to put it mildly. At best, the founders of these tokens have “successfully” launched another token as their credentials. Did they fulfill their promises on that token? No. But they sure got returns for the early people.

The returns are the only reason anyone’s interested in this stuff, because the tech certainly isn’t there. What you have in these things are lots of promises. These promises get hyped up by a lot of marketing. A frenzy develops and eventually there’s a crash when the promises fail to materialize.

The only coin that doesn’t require you to trust someone is bitcoin. Everything else is like borrowing money from Tony Soprano. You’re playing a dangerous game.