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> The one thing we can agree is that people who want to own Bitcoin do own Bitcoin and those that don't want to spend $60k on a coin dont. Almost right. Yes, t

> The one thing we can agree is that people who want to own Bitcoin do own Bitcoin and those that don't want to spend $60k on a coin dont. Almost right. Yes, the ones that wanted to own Bitcoin badly enough have Bitcoins by now. The ones that want Bitcoin but not badly enough don't. The ones that don't want to have Bitcoins don't have Bitcoins. The error in your statement is within "those that don't want to spend $60k on a coin dont" because you don't need to spend $60k minimum to buy Bitcoin, that's the price of a full Bitcoin, which you don't need to buy. > But with NFT.... You don't have to spend any money at all. You can just download the item. That's not how NFTs work. Yeah, sure, you can download the NFT metadata, or the multimedia that the NFT links to, but that's not "ownership" as defined by blockchains, where the owner is the one the blockchain consensus has said is the owner. A bit like saying is the same to own the hosting of a SaaS landing page if you download the HTML file. Sure, now you have a copy of it, but that's the limit of your ownership there. Disclaimer: I'm myself not into NFTs because it mostly seems like hype at this point, I own zero NFTs myself and have no interest in buying. But I also care about accuracy.

SkipperCat 6y ago
The point is if you want to own one, or a fraction of a Bitcoin, you have to trade USD for it. If I want to own an image of a cat with the body of a Pop-Tart flying thru space, I can just download it and have it on my desktop. I don't care if the blockchain says I own it or not. I just want that cat. For the SaaS example you give, you're paying for the back-end service the SaaS company provides. That's real value. If all the SasS system did was download a Javascript file that did all the work locally, I think you'd see a lot of people download that item and run it locally, bypassing the SasS payment.
- capableweb 6y ago
  > I don't care if the blockchain says I own it or not. I just want that cat. Of course, neither do I. I'm trying to help you to see the perspective of others though, where "ownership on blockchain" is valuable for them. I myself don't see the value in that, but obviously there is people who do. And yeah, you're getting real close to getting it, a bit more thinking and I think you got it :)

SkipperCat 6y ago

The point is if you want to own one, or a fraction of a Bitcoin, you have to trade USD for it. If I want to own an image of a cat with the body of a Pop-Tart flying thru space, I can just download it and have it on my desktop. I don't care if the blockchain says I own it or not. I just want that cat. For the SaaS example you give, you're paying for the back-end service the SaaS company provides. That's real value. If all the SasS system did was download a Javascript file that did all the work locally, I think you'd see a lot of people download that item and run it locally, bypassing the SasS payment.

capableweb 6y ago
> I don't care if the blockchain says I own it or not. I just want that cat. Of course, neither do I. I'm trying to help you to see the perspective of others though, where "ownership on blockchain" is valuable for them. I myself don't see the value in that, but obviously there is people who do. And yeah, you're getting real close to getting it, a bit more thinking and I think you got it :)