4 ms·

It's absurd because if you have a car, someone else doesn't have a car, and the car has intrinsic usefulness. Having the car in your name isn't valuable in and

It's absurd because if you have a car, someone else doesn't have a car, and the car has intrinsic usefulness. Having the car in your name isn't valuable in and of itself; it's valuable because it allows you to claim the car as your own, and the car is useful and can only be moved, not copied. Having a JPEG as your own isn't valuable, because JPEGs can be infinitely copied at zero cost. The title for the artwork doesn't mean anything when anyone can duplicate it. If you want to spend money on art, why not commission some artwork from your favorite artist instead of throwing away money on procedurally generated garbage with a zillion transaction fees tacked on? At least that way the artwork might be something unique to you with a personal significance which makes it have more intrinsic value to you than it would to someone else.

rodiger 5y ago
It's more about the token than the JPEG. Gated experiences, communities, in-game items, in-game art, etc is the driving force. And for digitally-native art, there's never been a better way to sell/trade it while preserving provenance. People are betting on the fact that we'll spend more and more of our time in digital spaces, and I don't think that's necessarily a bad bet.
- AnIdiotOnTheNet 5y ago
  > Gated experiences, communities, in-game items, in-game art, etc is the driving force. It is incredibly sad that anyone is working towards a future where a post-scarcity space is fully subdued by artificial scarcity.
  - rodiger 5y ago
    Agree to disagree- I think the incentives are better aligned for creators and it will create a much more vibrant digital space.
- giantrobot 5y ago
  > Gated experiences, communities, in-game items, in-game art, etc is the driving force. And for digitally-native art, there's never been a better way to sell/trade it while preserving provenance. It's a bunch of unnecessary synthetic scarcity. What the fuck is good about that? Why do you want to sign on to a model where you're going to be nickel and dimed for everything you see? As a consumer why do you want to pay for things that have zero marginal cost? What value do you get for buying an NFT to an image or virtual item that costs nothing to reproduce? You're not buying the copyright or any exclusive license to the things. Why would anyone ever buy an "experience" NFT for something they didn't experience? So they can be known to be a poser and a sucker so long as the blockchain exists? NFTs are just a way to enforce a class system in a virtual environment where there's no inherent system of haves and have-nots. Not only that but it's a system where an infinitude of intermediaries can extract payment out of any secondary market. It's sad that you're excited to participate in such needless rent seeking.
  - rodiger 5y ago
    > What the fuck is good about that? I think it's more an economic incentive for digital creators who have historically been nickel and dimed every step of the way trying to monetize their work. > As a consumer why do you want to pay for things that have zero marginal cost? The value for a consumer is less about paying and more about earning (which sounds dystopic to some, but is very exciting imo). And beyond that, layered experiences mean you could get an item / art / skin / etc and carry it through disparate digital worlds. One could imagine a world where no longer are you playing one game with one set of items, but are instead able to carry your stuff into multiple experiences. Another point here: NFTs don't have to come into existance through some payment. E.g. playing an MMO and boss drops are NFTs, or by watching some sports game you're given an NFT (or in that case more correctly referred to as a POAP (Proof of Attendance Protocol)). This likely has no monetary value, but is more a social signalling device to show you care about something / did something in the past. > Why would anyone ever buy an "experience" NFT for something they didn't experience? Here I'm referring to digital experiences like concerts, parties, tours, AMAs, etc. where there is some set of rules to obtain the entry pass (in NFT form). > NFTs are just a way to enforce a class system in a virtual environment where there's no inherent system of haves and have-nots If people could altruistically create high-quality content and earn a living that way I'd agree with you. But, as we've seen with microtransactions, the model is changing as the world spends more and more time in digital 'spaces.' There is value in paying creators, and you're welcome to not participate if this isn't your cup of tea Overall I think we're coming into this with different images of the future- agree to disagree and I hope it's less dystopic than it could be.
- Levitz 5y ago
  So the driving force for the decentralized piece of tech is centralized tech?

rodiger 5y ago

It's more about the token than the JPEG. Gated experiences, communities, in-game items, in-game art, etc is the driving force. And for digitally-native art, there's never been a better way to sell/trade it while preserving provenance. People are betting on the fact that we'll spend more and more of our time in digital spaces, and I don't think that's necessarily a bad bet.

AnIdiotOnTheNet 5y ago
> Gated experiences, communities, in-game items, in-game art, etc is the driving force. It is incredibly sad that anyone is working towards a future where a post-scarcity space is fully subdued by artificial scarcity.
- rodiger 5y ago
  Agree to disagree- I think the incentives are better aligned for creators and it will create a much more vibrant digital space.
giantrobot 5y ago
> Gated experiences, communities, in-game items, in-game art, etc is the driving force. And for digitally-native art, there's never been a better way to sell/trade it while preserving provenance. It's a bunch of unnecessary synthetic scarcity. What the fuck is good about that? Why do you want to sign on to a model where you're going to be nickel and dimed for everything you see? As a consumer why do you want to pay for things that have zero marginal cost? What value do you get for buying an NFT to an image or virtual item that costs nothing to reproduce? You're not buying the copyright or any exclusive license to the things. Why would anyone ever buy an "experience" NFT for something they didn't experience? So they can be known to be a poser and a sucker so long as the blockchain exists? NFTs are just a way to enforce a class system in a virtual environment where there's no inherent system of haves and have-nots. Not only that but it's a system where an infinitude of intermediaries can extract payment out of any secondary market. It's sad that you're excited to participate in such needless rent seeking.
- rodiger 5y ago
  > What the fuck is good about that? I think it's more an economic incentive for digital creators who have historically been nickel and dimed every step of the way trying to monetize their work. > As a consumer why do you want to pay for things that have zero marginal cost? The value for a consumer is less about paying and more about earning (which sounds dystopic to some, but is very exciting imo). And beyond that, layered experiences mean you could get an item / art / skin / etc and carry it through disparate digital worlds. One could imagine a world where no longer are you playing one game with one set of items, but are instead able to carry your stuff into multiple experiences. Another point here: NFTs don't have to come into existance through some payment. E.g. playing an MMO and boss drops are NFTs, or by watching some sports game you're given an NFT (or in that case more correctly referred to as a POAP (Proof of Attendance Protocol)). This likely has no monetary value, but is more a social signalling device to show you care about something / did something in the past. > Why would anyone ever buy an "experience" NFT for something they didn't experience? Here I'm referring to digital experiences like concerts, parties, tours, AMAs, etc. where there is some set of rules to obtain the entry pass (in NFT form). > NFTs are just a way to enforce a class system in a virtual environment where there's no inherent system of haves and have-nots If people could altruistically create high-quality content and earn a living that way I'd agree with you. But, as we've seen with microtransactions, the model is changing as the world spends more and more time in digital 'spaces.' There is value in paying creators, and you're welcome to not participate if this isn't your cup of tea Overall I think we're coming into this with different images of the future- agree to disagree and I hope it's less dystopic than it could be.
Levitz 5y ago
So the driving force for the decentralized piece of tech is centralized tech?