World-famous whistleblower Edward Snowden has expressed concerns about NFTs and cryptocurrency-based gaming. During a recent interview on the Parachains YouTube channel, Snowden said that NFTs create a false sense of scarcity.
“We have people that are trying to sort of – maybe they’re not even trying to – but the ultimate result of what they’re doing is they are injecting an artificial sense of scarcity into a post-scarcity domain. I think that is actually an inherently anti-social urge here,” he said. “If you think about the world that people are retreating from to their games, where they live in a cold bare box, if they’re lucky enough to even have a home in some overly expensive city where they spend all their time working, they get home exhausted. They make their cheap meal, and then they turn on their device to escape from all that and then in their digital world, where they’re on a beautiful island, they build a beautiful home, and they want to change the color of the wall, and you got to pay $19.99 for the wall or for a token to let you roll for the potential to maybe recolor your wall. There is something horrible and heinous and tragic in that to me.”
Snowden didn’t stop there, though. He also went on to say that the cryptocurrency sector could potentially be promoting the use of unethical business practices.
“I think the community should very much be trying to bend the arc of development away from injecting artificial unnecessary scarcity entirely for the benefit of some investor class into these post-scarcity domains,” he commented. “One of the promises, one of the privileges of technology, is that it frees us from material limits that only exist in a material space. To try to reimpose material in immaterial space, I think is a little bit unethical.”
Edward Snowden is a 38-year-old computer intelligence consultant. He is famous for leaking highly classified information from the National Security Agency in 2013 when he worked as an employee and subcontractor for the CIA.
(All information was provided by The Daily Hodl and Wikipedia)
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