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It's like owning a celebrity's autograph. Some people do care, a lot.
by andypants 6y ago
It's like owning a celebrity's autograph. Some people do care, a lot.
- jjnoakes 6y agoExcept it is different in a way. Owning a physical autograph is different from owning a picture of one; the physical autograph can't be reproduced and has value due to its uniqueness and to its physical existence. It would instead be like owning a unique piece of paper with a unique number on it, which somehow corresponded to a picture of the autograph. Now the autograph portion is identical between you and anyone else (neither of you has a physical autograph); the only differentiator is your piece of paper. Where is the value?
- andypants 6y agoThe NFT is cryptographically signed by the author. You can't forge it, and it's publicly, verifiably linked to the author. It's even better than a physical autograph.
- jjnoakes 6y agoSo you'd place value in a cryptographic signature from the author that ties the piece of paper in my analogy above to the photo of their real life signature? How much would you value that at, given that anyone else can acquire and enjoy the exact same photo of the signature that you enjoy, just without the piece of paper saying "this photo that everyone can see and enjoy is owned by andypants"? If the value you'd place on that piece of paper is above zero, why? (Genuinely curious).
- runeks 6y agoThen let’s call it that instead. Rather than pretend it’s possible to own information in the same way you can own a physical object.