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> I'd be surprised if a noticeable percentage of the value of your comic books is that you can read them. Value in whose eyes, though? The commenter seemed to

> I'd be surprised if a noticeable percentage of the value of your comic books is that you can read them. Value in whose eyes, though? The commenter seemed to be stating that the utility provided by being able to read the comics is valuable _to them_. There are also a number of other uses for a physical comic book that provide "value": you could frame individual pages, use the book as kindling, etc. You can't do any of those things with a NFT.

furyofantares 5y ago
> You can't do any of those things with a NFT. Some quick googling, apologies if I'm wrong, says this comic book is worth 3.2 million dollars: https://viewcomics.me/action-comics-1938/issue-1/full https://viewcomics.me/action-comics-1938/issue-1/full And yet it would seem I can read it right there on the internet for free, and can surely get framed prints of individual pages much cheaper than 3.2 million dollars, and I can get kindling much cheaper than 3.2 million dollars. You can point at those things as properties it has that an NFT doesn't. But those things aren't what's making it worth 3.2 million dollars It's worth 3.2 million dollars because someone trusts that it's worth 3.2 million dollars to other people. Value like this is an exercise in group trust that has had to build up over time. It's not actually a property of the functionality of the object
- SketchySeaBeast 5y ago
  The object and guarantee of uniqueness are one and the same, there's no required group trust. I have the comic, I own the comic. The comic is unique and the rareness and desirability of the comic assigns it value. The NFT is divorced from the thing it owns, but somehow the NFT is the thing that assigns ownership and value. A perfect copy of "Charlie bit my finger" can be replicated trivially nearly instantly. There is no value there. The NFT is the thing that carries the value in that situation because the video being collected isn't rare, unique, or special.

furyofantares 5y ago

> You can't do any of those things with a NFT. Some quick googling, apologies if I'm wrong, says this comic book is worth 3.2 million dollars: https://viewcomics.me/action-comics-1938/issue-1/full https://viewcomics.me/action-comics-1938/issue-1/full And yet it would seem I can read it right there on the internet for free, and can surely get framed prints of individual pages much cheaper than 3.2 million dollars, and I can get kindling much cheaper than 3.2 million dollars. You can point at those things as properties it has that an NFT doesn't. But those things aren't what's making it worth 3.2 million dollars It's worth 3.2 million dollars because someone trusts that it's worth 3.2 million dollars to other people. Value like this is an exercise in group trust that has had to build up over time. It's not actually a property of the functionality of the object

SketchySeaBeast 5y ago
The object and guarantee of uniqueness are one and the same, there's no required group trust. I have the comic, I own the comic. The comic is unique and the rareness and desirability of the comic assigns it value. The NFT is divorced from the thing it owns, but somehow the NFT is the thing that assigns ownership and value. A perfect copy of "Charlie bit my finger" can be replicated trivially nearly instantly. There is no value there. The NFT is the thing that carries the value in that situation because the video being collected isn't rare, unique, or special.