Yeah, but the whole point is that you can’t stop it. That is literally it’s reason for existing. However, because it is open you can be sure the IRS and other tax authorities will be monitoring, they are aware of what’s going on and they hire very sophisticated companies to analyse blockchain transactions.
News on China's scientific and technological development.
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Its very easy to stop, just halt the exhanges... or the companies that run the "wallets"... very few people who trade NFTs are mining their own coins or transact peer to peer buyer to seller with both parties doing it manually running full blockchains nodes on their own laptops etc... without the support of the exchanges and wallets, and if the major NFT storefronts like opensea or superrare etc get taken down or at least blocked by a national firewall/dns then NFT is all but dead...it wont take much to pop a pyramid scheme that should never have existed in the first place
An NFT is a mathematical process. How you gonna ban it?
Dude have you ever tried selling or buying an NFT? My guess is no.
The protocol is a mathematical construct but the real world implementation relies on a slew of third parties, any of which can be shutdown by governments across the world.
NFT rides on the backbone of crypto blockchain, most notable the ethereum blockchain. While this is decentralized in theory, in practice no one is running a full node and no one is mining their own coins, people buy through exchanges, and exchanges can be shutdown by governments.
Most NFT storefronts require sellers and buyers to sign up with a wallet, such as metamask, which again means its another chokepoint that is ripe for government intervention
Not to mention these storefronts themselves can be shutdown, sure you can say whats big deal just run a TOR orion node, except TOR is a US intel/navy project and we all know what happened back to Dread Pirate Roberts and his Silk Road 2.0
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Farsoon 3D printing technology demo.
Lol my dentist usse their machine for mother's root canal.
Growth is coming to an end, just like Bitcoin was an extension of the Petrodollar, the Metaverse is meant to be an economic extension of the real world riding on top of the blockchain protocol accessed through the Internet and with VR/AR/chip interfaces...
Soon virtual activities will count towards real GDP. Take a fake vacation in VR and it adds to the gdp as if you took a real one, this is like imputed rent on steriods... airlines will be operating a portion of their business as virtual flights for the same suckers who seem to be willing to pay more for a virtual NFT picture of a tulip than a real one. Solves climate change and energy crisis at the same time recycling the excess currency in the system!
In the virtual world you dont have to obey the second law of thermodynamics and there is no concern for global peak energy decline, everything is virtualized and software defined programmatically through API calls... etc
This is how the real life matrix started
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