It's basically the same as investing in startups the vast majority fail. But 1% ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

Madmallard on Feb 25, 2023 | parent | context | favorite | on: ChatGPT get-rich-quick schemes are coming for maga...

It's basically the same as investing in startups the vast majority fail. But 1% make a lot of money.

Veen on Feb 25, 2023 [–]

Startups make money by providing a useful service. NFTs do nothing but make money for a few and lose money for the majority. They’re useless grift fodder.

Madmallard on Feb 25, 2023 | [–]

I would say a large portion of tech startups are actually bad for society in the long run.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact