8 ms·

>Digital Pokemon cards, 2nd hand ebooks market, 2nd hand digital assets market Are you kidding? So the big use of the blockchain is to take things that have z

>Digital Pokemon cards, 2nd hand ebooks market, 2nd hand digital assets market Are you kidding? So the big use of the blockchain is to take things that have zero marginal cost of production, and enforce a completely artificial cost of production, to make non-scarce goods scarce?

ThomPete 9y ago
Those are just some of the examples and yes it has quite a lot of value. Many things in the physical world is also built on these simple principles.
- Vendan 9y ago
  That's a downside of physical, not an advantage.
  - ThomPete 9y ago
    It's both an upside and a downside depending on perspective. From a value perspective, it's an upside just ask the art-scene.
    - Vendan 9y ago
      That's not an upside. That's a downside that got parlayed into an upside.
      - ThomPete 9y ago
        Again it depends on the perspective. To those who stand to benefit it's an upside. Just like those who benefit from stock or owning art which has increased in value.
- eli_gottlieb 9y ago
  I wouldn't describe turning Infinity into One as having "quite a lot of value". I'd describe that as pointing a machine gun at value and spraying it with bullets.
  - ThomPete 9y ago
    You can describe it any way you want. It doesn't change the fact that "value" is not something which is easily defined which again the art scene is a good example but also stamps, coins, stickers, physical Pokemon cards and so on.
    - eli_gottlieb 9y ago
      You don't build an economy on Pokemon cards!
      - ThomPete 9y ago
        You build an economy of all sorts of things including pokemon cards. The economy is already there. Not sure what you are trying to get at other than you don't believe in the blockchain which is fine, you don't have to. Just don't claim that you are somehow making an arugment against it cause you aren't for reasons already outlined. There is nothing new about the types of businesses which can be created on top of the blockchain other than that they can be digital. But as a value system they are as solid as physical items.
tree_of_item 9y ago
> and enforce a completely artificial cost of production, to make non-scarce goods scarce? Yes, that is the entire point of this blockchain stuff, isn't it? You get ownership of large natural numbers (coins) that would be trivial to copy otherwise.
magpi3 9y ago
If you're a capitalist, this is an amazing reason for valuing the blockchain. It looks just like a decentralized DRM mechanism. I have a lot more reading to do, but that is what I understand from what I have read so far. Cryptokitties is blowing my mind.

ThomPete 9y ago

Those are just some of the examples and yes it has quite a lot of value. Many things in the physical world is also built on these simple principles.

Vendan 9y ago
That's a downside of physical, not an advantage.
- ThomPete 9y ago
  It's both an upside and a downside depending on perspective. From a value perspective, it's an upside just ask the art-scene.
  - Vendan 9y ago
    That's not an upside. That's a downside that got parlayed into an upside.
    - ThomPete 9y ago
      Again it depends on the perspective. To those who stand to benefit it's an upside. Just like those who benefit from stock or owning art which has increased in value.
eli_gottlieb 9y ago
I wouldn't describe turning Infinity into One as having "quite a lot of value". I'd describe that as pointing a machine gun at value and spraying it with bullets.
- ThomPete 9y ago
  You can describe it any way you want. It doesn't change the fact that "value" is not something which is easily defined which again the art scene is a good example but also stamps, coins, stickers, physical Pokemon cards and so on.
  - eli_gottlieb 9y ago
    You don't build an economy on Pokemon cards!
    - ThomPete 9y ago
      You build an economy of all sorts of things including pokemon cards. The economy is already there. Not sure what you are trying to get at other than you don't believe in the blockchain which is fine, you don't have to. Just don't claim that you are somehow making an arugment against it cause you aren't for reasons already outlined. There is nothing new about the types of businesses which can be created on top of the blockchain other than that they can be digital. But as a value system they are as solid as physical items.

tree_of_item 9y ago

> and enforce a completely artificial cost of production, to make non-scarce goods scarce? Yes, that is the entire point of this blockchain stuff, isn't it? You get ownership of large natural numbers (coins) that would be trivial to copy otherwise.

magpi3 9y ago

If you're a capitalist, this is an amazing reason for valuing the blockchain. It looks just like a decentralized DRM mechanism. I have a lot more reading to do, but that is what I understand from what I have read so far. Cryptokitties is blowing my mind.