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Ex-Valve economist says play-to-earn could be “the apotheosis of misanthropy"Yanis Varoufakis talks NFTs, “a digital fiefdom in which Zuckerberg dreams of being the techno-lord”, and more

Yanis Varoufakis talks NFTs, “a digital fiefdom in which Zuckerberg dreams of being the techno-lord”, and more

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The Crypto Syllabusrecently interviewed theself-described"erratic, inconsistent Marxist”, touching on subjects includingTeam Fortress 2hats, NFTs, cryptocurrency, metaverses, and how so much of the current metahype is garbage. Honestly, brew a cuppa and settle down to read the whole thing. It is very interesting. He’s not opposed to the technology (he’s (spoken before about liking the principle of blockchains) but boy howdy he’s not a fan of a lot of what’s going on.

I’m going to dump random quotes to entice you into reading it. Yanis on things he learned from his time at Valve:

The possibilities of blockchain and play-to-earn games improving life for people in the ‘Global South’:

Asking himself if NFTs have “subversive potential”:

Objections to cryptocurrency:

“The environmental costs of crypto are very large, undoubtedly. But, even if there existed a magic wand whose waiving would make blockchain run on zero watts, crypto currencies would remain more of a problem than a solution – for reasons I explained above. In brief, within our present oligarchic, exploitative, irrational, and inhuman world system, the rise of crypto applications will only make our society more oligarchic, more exploitative, more irrational, and more inhuman. This is why, in opposing the crypto enthusiasts, I never even bother to mention their environmental repercussions.”

Oh there’s so much more. I’m glad he’s out here agitating, and glad I get to read it. Do check outthe whole interview.