2 ms·
Here's some data: 0.416411230181442 What's that worth? Data by itself is inherently worthless. It's only worth something if it represents something we care abo
by Volundr 5y ago
Here's some data: 0.416411230181442
What's that worth? Data by itself is inherently worthless. It's only worth something if it represents something we care about. This could be something fictional (e.x. a video game world), or real (a warehouse inventory), but on it's own? Worthless.
You say an NFT is a cryptocurrency with a single individual token and... what? It's a piece of data, but what can I do with it or what can I get out of it? I can send it to someone else? Cool, what can they do with it? What benefit is there? That's the big question I've at least yet to seen answered satisfactorily.
I get there's a market for this currently, but once upon a time there was a market for pet rocks (which unlike NFTs can at least be pleasing to look at). Markets can be irrational, and the fact that there is a market price for something does not inherently mean that something has value.
- archagon 5y agoLisa, I want to buy your data.