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NFT and baseball cards are both pointers: they point to something you don't control. You control the pointer, not the thing they point to. So if we can agree t
by koonsolo 5y ago
NFT and baseball cards are both pointers: they point to something you don't control. You control the pointer, not the thing they point to.
So if we can agree that the card has value because "it's about Honus Wagner", and not really about the picture on the card, then NFT's and those cards are very similar.
But on the other hand, you could indeed claim that the card has value because of the picture itself.
But I still feel the picture on the card is really to act as a pointer, and not about providing value in itself. Because I would think that in that case, a real picture, or a bigger picture, or the original photographic film would be worth more.
So in the end, the baseball card also doesn't become valueless when the player dies.
That's just how I look at it.
- newswasboring 5y agoYes when the player dies I still have the card. If the hosting server dies I have nothing but the purchase receipt
- koonsolo 5y agoBlockchain is decentralized, so there is no "hosting server" of the NFT
- newswasboring 5y agoThere is, we are commenting on an article describing whats on the hosting server, namely the JSON for tokenURI field.
- koonsolo 5y agoThat is just a bad implementation of NFTs. Take a look at the Flow blockchain for example, which is probably the most famous NFT blockchain out there. They store all metadata in the token itself. It's not fair to discuss NFT's by only looking at a bad implementation. Metadata is stored on-chain.
- newswasboring 5y agoI thought that was still in ideation phase[1]. [1]https://github.com/onflow/flow-nft/issues/9 https://github.com/onflow/flow-nft/issues/9