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So then what is the point of doing it via NFT? If all value is tied to the behaviour of a single central counterparty, the use of NFT is utterly redundant. I u
by dmw_ng 6y ago
So then what is the point of doing it via NFT? If all value is tied to the behaviour of a single central counterparty, the use of NFT is utterly redundant.
I understand this may come as a shock, but the entire point of blockchains is to solve a specific detail in the original Bitcoin design - mutual agreement on the content of a distributed linearized log in the absence of any authority. For almost every application where centralization (indirect or otherwise) continues to exist, they are deeply inefficient from a technical perspective and suffer from deep usability issues from a user perspective. So you end up with the majority of the userbase thinking they're "doing blockchain" but their only experience of it is some centralized eBay for JPEG clone site who also happen to be managing their wallet, in order to trade tokens tied to an asset (in this case) dependent on the future viability of yet another central counterparty (the game producer). This is called snake oil.
Where is the value?
- HeadsUpHigh 6y agoThe value is in reselling the game when you are done with it. Instead of buying it on steam and then being stuck with it, you resell your token( which is the equivalent of having bought the game on steam) to the 2nd hand market. Same as you did with old games but digital.