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I disagree. By putting it on the blockchain it becomes a crypto asset. That’s a new primitive.
by heckerhut 6y ago
I disagree. By putting it on the blockchain it becomes a crypto asset. That’s a new primitive.
- jonathankoren 6y agoCome back when it’s portable off of Top Shot. Seriously. If Top Shot disappeared, what do you have? A copy of a URL that 404s?
- heckerhut 6y agoThe token is already portable. The video is secondary. Also it’ll be available as long as there’s money in the banana stand. Incentives matter.
- whateveracct 6y agoWhy exactly is the video secondary?
- heckerhut 6y agoYou cannot own it. What matters is the part that can accrue economic value. That’s the token.
- jonathankoren 6y agoIn other words the DeFi crowd just recreated fiat currency, and an NFT is literally nothing more than any other crypto hash. The ultimate fungible token! Seriously you proven the point. You bid on token that is supposed to represent something that it actually isn’t tied to at all. So each token is really just a commodity, that suckers think is rare, but since the tokens aren’t actually tied to any object (virtual or physical) through any meaningful access control to enforce exclusivity, the tokens are actually indistinguishable hexcodes. At most it’s license plates rather than cars, but more like trading cards of license plates, since the NFT doesn’t enforce access controls, but the state DMVs — that have nothing to do with the NFTs — do.
- heckerhut 6y agoRecreating fiat in a fully decentralized system is huge. It’s indeed the driver behind DeFi. There’s no limit to what you can build with this. Re NFT: what we’re seeing now is only the beginning. Is there hype? Sure. Is there a deeper underlying point though? You bet. NFT access control will come. But it’s not that crucial of a point as you seem to believe.
- rdtwo 6y agoNo I’m fact there are a as lol sorts of limits of how often and when you can trade
- rednerrus 6y agoTHESE ARE JUST BUZZWORDS. That doesn't add any value at all.
- heckerhut 6y agoI’m in this space since 10y. How long until it stops being a buzzword?
- rednerrus 6y agoWhen it starts to add some real world value. Owning a URL doesn't add any value.
- whateveracct 6y agothey're in a decentralized cult
- ChainOfFools 6y agoyep. decentralization is a mirage. power (as leverage, wealth, or influence) that is evenly distributed such that there is no center of mass in the group which shares it, ceases to be power at all.