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# WATCH & LEARN: the ‘Problem With NFTs’ has been viewed more than 5.1M in 3 weeks
- URL: https://www.hypebot.com/watch-learn-the-problem-with-nfts-has-been-viewed-more-than-5-1m-in-3-weeks/
- Published: 2022-02-16T16:15:00.000Z
- Updated: 2022-02-16T14:35:34.000Z
- Description: “The Problem With NFTs” has been viewed more than 5.14 million times since it was uploaded to YouTube in January 21st. That’s particularly impressive when you realized that the video. Continue reading [https://www.hypebot.com/hypebot/2022/02/watch-learn-the-problem-with-nfts-has-been-viewed-more-tha
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 09:48

“The Problem With NFTs” has been viewed more than 5.14 million times since it was uploaded to YouTube in January 21st.

That’s particularly impressive when you realized that the video is 2 hours and 18 minutes long.

While the potential of crypto, NFT, social tokens, DAOs, and all of Web3 to transform the music industry and the lives of musicians is undeniable, the current reality is far murkier and more confusing.

“If someone pitches you on a “great” Web3 project, ask them if it requires buying or selling crypto to do what they say it does,” writes vlogger Dan Olson.

### Highlights

00:00:00 Preface  
00:01:12 0\. In 2008 The Economy Collapsed  
00:07:09 1\. Bitcoin  
00:18:18 2\. Ethereum  
00:24:34 3\. The Machine  
00:39:07 4\. NFTs Exist To Get You To Buy Crypto  
00:57:54 5\. The Unbearable Cringe Of Crypto  
01:11:46 6\. A Self-Organizing High Control Group  
01:16:57 7\. Crypto Reality  
01:25:36 8\. There Is No Privacy On The Chain  
01:32:52 9\. If This “Looks Like Scam” Then Every NFT Room I’m In Looks Like Scam LOL  
01:38:29 10\. Play To Earn Exists To Get You To Buy Crypto  
01:46:39 11\. We’re All Gonna Make It And By “We” I Mean “Us” Not You  
01:56:08 12\. DAOs Exist To Get You To Buy Crypto  
02:13:21 13\. I Know It’s Rigged, But It’s The Only Game In Town

## Watch & Learn

**Bruce Houghton* is Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com) and serves as a Senior Advisor to [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com) which acquired both publications in 2019\. He is the Founder and President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com) and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com).*