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I think there is a flaw in your reasoning but it's hard to be sure because your last sentence is rather hard to parse. > They are missing 99% of the reasons th
by andybak 6y ago
I think there is a flaw in your reasoning but it's hard to be sure because your last sentence is rather hard to parse.
> They are missing 99% of the reasons things have value,
Can you clarify?
> they cannot understand two seemingly identical things having widely different values.
We're not talking about the value in a piece of art - or even the value of owning an original piece of art.
Ownership itself is a social construct. Back to my limited edition print comparison:
You own one of a series of 100 prints or a photograph by a famous artist.
I "own" a reproduction of the same work that is high enough resolution to be indistinguishable from your print.
Assuming you can prove the authenticity of your print (maybe there's a chain of custody you can verify) - your print is worth thousands and mine is worth simply the cost of making another copy.
How is this less silly than NFTs?
- insert_coin 6y agoYou cannot "authenticate" the bits 001 are different from the bits 001. NFTs claim one is the "original".
- andybak 6y agoYou're going to have to elaborate. Sentence 1 is trivially true. Sentence 2 differs from my understanding but more importantly - I don't see how it connects to our previous discussion.