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Most of the arguments against NFTs ultimately boil down to "centralized systems already do this". Which to me is very sad and uncreative. The entire point just
by 015a 5y ago
Most of the arguments against NFTs ultimately boil down to "centralized systems already do this".
Which to me is very sad and uncreative. The entire point just flew straight over-head at ten thousand miles per hour. Yeah, centralized systems already do this; what is necessary to create a world where they don't? Where people can transfer value without the help of a centralized authority.
Ok so: "How do you verify authenticity". Two responses:
1) What if you don't? What if the NFT itself is the value? We already see this with, for example, the Bored Ape Yacht Club; people can create duplicates, but the originals are cryptographically verified. They created value out of thin air, which is where all value comes from at the end of the day.
2) And in other situations, where the value comes from something real outside the blockchain like the original artist; use centralized systems! It's not all or nothing! Centralized systems are great at verifying providence. Use 'em! "This NFT was the one the artist tweeted about".
Then they follow up with: "Lol I can just copy-paste".
Yeah! Isn't that fantastic? NFTs create value for the people who want that value, by having a concept of "ownership of the original". But nothing is stopping all of us from also enjoying it.
Finally, the end-stage of any debate always arrives at "its destroying the planet".
This is, of course, typed as a comment into a website via a computer burning dirty coal power, through 3,000 miles of underground plastic fiber and fifty network appliances, to a beefy server running in a data center. Afterward, Captain Planet will hop in their gas-burning car to drive to work, drink a grande Starbucks coffee from a disposable cup, flush the toilet ten times throughout the day, pick up the newest iPhone from the Apple Store on the drive home, then watch an hour of Foundation on their 65" TV with 5.1 surround sound.
I'm obviously being a dramatic. More generally and accurately; humanity is destroying the planet. We're really good at it. People act like NFTs are destroying the planet, while every day doing far more to destroy the planet than NFTs ever will. It's a bad argument, especially when NFTs (and ETH in general) present a fantastically optimizable solution to the problem of value ownership; they'll get more efficient over time. Data centers can easily be powered by clean energy.
Here's the axiom I've noticed: the pro-NFT crowd has seen every single argument against them. I don't know if the people who post articles & comments like these think they're being original, like they're the first one to notice that verifiable providence is a difficult problem, but trust me; many people in this community have been thinking about this long before you first heard the word "cryptocurrency". Your inability to exhibit creativity in reasoning about a solution to the problems you present does not mean there is no solution, or that the technology won't continue to flourish.