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I have never heard this take before, you actually think it's evil? Insidiously so? I honestly can't even conceive of what your argument is. First off, the fact
by dumbfounder 5y ago
I have never heard this take before, you actually think it's evil? Insidiously so? I honestly can't even conceive of what your argument is.
First off, the facts are a bit off, NFTs cannot currently contain hardcoded royalties (or whatever you call it). Right now it is voluntarily paid by the marketplaces that sell NFTs. But I think at some point it will evolve to be guaranteed. Sort of.
But either way, if it's all transparent, then why is it evil? Maybe it acts as a deterrent of sales in the future, but I like that it can be controlled by the creator. It's everyone else's choice on whether to buy it, or whether that constitutes ownership. If you don't like it, don't buy it.
Evil? Really? I don't get it at all. Not one single iota. But, willing to hear your argument for that. "Hardcoding wealth inequality" is hardly an argument. It's not like there are a ton of people creating a new superclass of rich artists. There are a few, but that isn't the way it will shake out long term. At least, any more than traditional art.
Is all wealth inherently evil to you? Maybe that's your argument? I guess that's it?
On your "imagine if cryptocurrency started doing that", I am sure there are cases where this happens. ZCash is one where 10% of mined blocks go back to the original investors and founding team. Not sure how I feel about that, I do think it's high, but I certainly don't think it's evil. If people don't like it, they won't use it, and something will take its place. No biggie.