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It’s wishful thinking that NFTs solve any real problem. For one, “digital watermarking” (if you can call it that) is useless without DRM. They do provide anoth
by goblin89 5y ago
It’s wishful thinking that NFTs solve any real problem. For one, “digital watermarking” (if you can call it that) is useless without DRM.
They do provide another mechanism for signaling riches, so cryptocurrency holders, who tangibly profit from the inflow of money into the pyramid, are understandably all over them.
- kranke155 5y agoIt’s wishful thinking to think that NFTs haven’t solved a problem considering tens of thousands of artists are using it and it’s changed a significant amount of lives in the space. It’s getting to the point where saying “NFTs don’t work” is like saying “ebooks aren’t real books”. It’s just a philosophical position that ignores reality.
- goblin89 5y agoToken enthusiasts benefit from this because it promotes the cryptocurrency ecosystem in general, so they throw coins at average artists in the hopes of initiating them into the pyramid. Artists make a quick buck, cryptocurrency holders see valuations rise. It’s a symbiosis that is useless to everyone else outside of that circlejerk.