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This is pretty reductive IMO. Instead of trying to sit and think about how it is an inefficient, slow version of the same databases we are used to using, try an

This is pretty reductive IMO. Instead of trying to sit and think about how it is an inefficient, slow version of the same databases we are used to using, try and steel man the argument a bit and think about what is unique and why some people value it. It will cost millions of dollars to maintain a one hour attack against a PoW chain. It is crazy inefficient, it is slow, but it provides a level of trust that is unique. A software license NFT that lives on a blockchain is a perfect example - would you rather have that or one that depends on a centralized company keeping their server's running (like Adobe's with CS3 and before)?

Osmose 5y ago
> try and steel man the argument a bit and think about what is unique and why some people value it. You were saying that the verifiable provenance is part the value, and I'm saying that that provenance is just as trustworthy as if a centralized service provided it because my trust that what they're asserting (that person X owns token Y) is true depends on how vulnerable they are to tampering, and all these systems are ultimately controlled by traditional factors like how much money you have access to, who you know, etc.