Went to a blockchain event today. Listened to people speaking for hours and still don't get what NFTs and DAOs and smart contracts are.
I know blockchain is a thing, but I wonder if these NFT DAO smart contract things really mean anything in the world? Are these things really valuable, or are they just not important or even meaningless?
NFT are just a way to tell the people on a blockchain you own something, can be stoned ape jpegs or a house deed etc.
DAO is pretty much voting on a blockchain and your wealth can buy you potentially extra governance tokens/votes.
It's like an oligarchies wet dream, you're saying i can buy votes with my money and don't have to lobby anymore.
Smart contract is just a piece of computer code that runs on the block chain. So someone code a contract like "if person with #id1 deposit y on address#1, then pay person with #id2 z amount on address#2".
It's all fuckin vaporware. There is zero intrinsic value to any of this shit, only the value gamblers attach to it. Kids these days have the attention span of a goldfish and want to get rich quick. Some will, but at the expense of others stupidity. Finance is a zero sum game.
Its is kind of interesting as a developer to automate a lot of things, and most block chains and exchange actually have accessible API to consume. But i do agree it adds absolutely nothing materially to society its really a wall street and anarcho capitalist wet dream.