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The articles is to simplistic and the author doesn’t understand the technology. The author claims it’s easier to mint an NFT than a currency...for all intents
by throwaway_kufu 6y ago
The articles is to simplistic and the author doesn’t understand the technology.
The author claims it’s easier to mint an NFT than a currency...for all intents and purposes it’s no different to mint a erc20 token vs erc721, so the we shouldn’t pretend NFTs are somehow the lowest common denominator while “alternative currencies” are inherently complex. A shit coin is a shit going whether it represents a digital image or nothing at all other than a store of value people collectively agree on.
What everyone ignores is that not all NFTs can be described as representing a jpeg (the digital baseball card). sure many are that, but others actually include a transfer of the intellectual property they represent. Others have a “public” representation but have embedded files accessible only to the owner. Others represent ownership of digital items that can be used in various DApps across the ethereum blockchain.
And even assuming all NFTs were just digital baseball cards, if baseball cards were your thing, then I think you could acknowledge how valuable it is to be able to trace every baseball card that exists and otherwise be connected to a marketplace that include the ability to buy/trade/sell directly with other persons without a centralized authority regulating those transactions.