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> One part I’m unclear on: if someone outbids him, do only they get the token and pg pays nothing, or do both pay and are the contributions etched into the NFT?
by lynx234 5y ago
> One part I’m unclear on: if someone outbids him, do only they get the token and pg pays nothing, or do both pay and are the contributions etched into the NFT?
No, only the person who wins the bid gets the token.
I typically defend the tech behind NFTs but this just seems like it's riding the hype of NFTs more than anything.
- graeme 5y agoAnd if someone else bids more, is that the only money that goes to Noora? i.e. PG’s bid is voided
- kemonocode 5y agoYes, only the winning bid would go to Noora. However, there would be a record of any other bidders' intent. With a bit more of creativity/effort, someone could have created a smart contract for keeping track of all the donations and only releasing them once they reach a certain threshold, then giving a token back representing a "life saved" to donors if they truly wanted, but I get capitalizing on NFTs' hype right now.
- lalaland1125 5y agoMost charities already give you pdf certificates recording how many lives you saved with your donation. What's the point in having an NFT instead of just a pdf?
- a1369209993 5y ago> What's the point in having an NFT > > > it's riding the hype of NFTs more than anything. The point is hype-based advertising. As people have been repeatedly pointing out all over the thread.
- fighterpilot 5y ago> riding the hype of NFTs more than Good on them for doing that. Their mission is to save as many lives as they can and if riding a hype train lets them do that, then the overall outcome is still very positive. The environmental externality is bad but trivial compared to the benefit of lives saved if this auction goes through.