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Immaterial differences at best. > The print is beautiful and hanging on my wall. Physical: you can view it, it can be stolen. NFT: you can view it, it can st
by capableweb 5y ago
Immaterial differences at best.
> The print is beautiful and hanging on my wall.
Physical: you can view it, it can be stolen.
NFT: you can view it, it can stolen.
> The print won't evaporate when the url suddenly points to a server that was shutdown from lack of payment.
Physical: might burn down/stolen, insurance + security + safety prevents that.
NFT: Host might disappear. Content-addressing solves that.
> I know I bought a print, nobody was trying to trick me into thinking it was the original.
Physical: You can prove you have it because you have it.
NFT: You can prove you have it because your wallet contains it.
> And, most importantly of all, the artist got paid.
Physical: Artist can get paid when it initially got sold
NFT: Artist can get paid when it initially got sold, and can take a piece of each resell thereafter.
- iamacyborg 5y agoIf someone can break into your property to steal your painting they can break into your crypto wallet to steal your NFT.
- capableweb 5y agoDepends on a lot of things. Usually paintings are hanged somewhere where you can see them, usually not in safes. But with NFTs, you can have the display on the wall while the wallet is in a safe. You could put a painting in a safe too, but you won't be able to as easily show it off then.
- TylerE 5y agoHow safe is your wallet when you’re tied to a chair with a gun pointed at your head?
- toolz 5y agoYou can't honestly believe the same skillset applies here. Hacking digital assets is not the same as breaking a quarter inch pane of glass and turning a knob while no one is around.
- Ensorceled 5y agoOnly the criminals in my neighbourhood are robbing my house, hackers all over the world are trying to get access to your wallet or exchange. Robberies are down from 30 years ago, flat for the past 5. Cybercrime is soaring.
- moron4hire 5y agoExactly. Hacking digital assets is a lot more accessible. It's almost guaranteed to happen, whereas most people live their entire lives without getting robbed.
- toolz 5y agoThere was more artwork stolen last year than crypto. That's a single category of theft. https://www.securitymagazine.com/articles/94627-19b-in-crypto-currency-stolen-by-hackers-last-year https://www.securitymagazine.com/articles/94627-19b-in-crypt... https://www.infoplease.com/culture-entertainment/art-architecture/plundering-past https://www.infoplease.com/culture-entertainment/art-archite... Here's another physical asset theft category that says 1/3 americans have experienced - something tells me you're also wrong about how many people have been stolen from as well. https://www.cnbc.com/2020/01/10/package-theft-how-amazon-google-others-are-fighting-porch-pirates.html https://www.cnbc.com/2020/01/10/package-theft-how-amazon-goo...
- moron4hire 5y agoOk, so you're comparing absolute numbers between things in different categories and with wildly different liquidity levels. And then I don't get how comparing NFTs to "leaving valuable packages completely unsecured outside" is supposed to help your case. And if we believe 1/3rd is accurate, the easiest crime of theft on the planet is only getting us to 1/3rd? Last time I checked, 1/3rd was significantly less than 1/2. Generally, when people say "most", they mean "50%, plus at least one person". This is why I've muted "NFT" on Twitter. You can't get answers out of proponents without them massively shifting the goal posts.
- 5y ago
- moron4hire 5y agoAll of these things between physical and NFT are such huge differences in order if magnitude that they can't really be considered the same thing. In my 40 years, I've never had someone break into my house and take something and I've never had a house burn down. Yet putting a file on the internet, it will eventually get copied, probably some time in the next 3 months. And I have a bookmarks folder full of once-very-popular sites that are now just completely gone, plus a bunch of still-popular sites that have changed their site layout completely. Hell, it's a bit of a meme that one of the only sites you can count on to never disappear is the god damned original Space Jam movie website.