4 ms·

What is the primary point for which you believe NFTs to be rubbish?

• tupshin 6y ago
  In what way do you think they have any intrinsic value?
  • capableweb 6y ago
    In what way do you think that you think about intrinsic value?
• XorNot 6y ago
  What legal force does an NFT bring to what it claims to authenticate? Even a certificate of authenticity for a painting is still notionally a legal contract between the authenticator and buyers: after all, there will be consequences if they cannot show they could reasonably support the identity they establish for something. What does an NFT do? Nothing. There are no consequences in the real world. You can make another blockchain with more NFTs. It doesn't even establish an interesting digital history for an item: they're tied to hashes, not data.
  • delaaxe 6y ago
    NFTs are not meant to be tied to something in the physical world. They’re certificates on digital creations
    • acdha 6y ago
      You misunderstood the point: it’s not physical versus digital but rather that they have no added benefits. Legal rights aren’t something only physical objects can have and ownership of a pure digital creation can be quite valuable but most NFTs don’t have that and you don’t need the expense and risk of using a blockchain to transfer them. If your goal is to show that you supported an artist, simple PKI or even a Tweet works better and is orders of magnitude less expensive because all of the value comes from a statement by the creator/rights-holder.