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There's no reason for that Reddit thing to be an NFT. Twitter or Discord could simply integrate w/ Reddit API and pull that shit up.
by fwip 5y ago
There's no reason for that Reddit thing to be an NFT. Twitter or Discord could simply integrate w/ Reddit API and pull that shit up.
- lifeformed 5y agoAnd with the NFT, it doesn't show that you are the rewarded user, just that you have the trophy, since it could be transferred.
- eightysixfour 5y agoJust that you are the wallet holder, the contract could block transfers.
- 3371 5y ago- This is the case only if we put aside web3. - NFT can have data on the .json file, so the rewarded user can be recorded.
- eightysixfour 5y agoOr the blockchain is the API, which is public, and requires only a single integration point for everyone.
- hiq 5y ago> Or the blockchain is the API, which is public, and requires only a single integration point for everyone. You don't need a blockchain for interoperability, neither does it enforce interoperability.
- eightysixfour 5y agoYou do not NEED it, but it can enable it. In the situation above the benefit is you, the recipient, are never again dependent on Reddit to validate that award for you. As long as the blockchain continues to exit, you, the wallet owner, maintain “ownership” over that award. Considering how much most HN users rail against centralized services and things others not to turn stuff off, it seems like the value is obvious to me.
- hiq 5y ago> You do not NEED it, but it can enable it. How so? Why is it any better than a public API? > In the situation above the benefit is you, the recipient, are never again dependent on Reddit to validate that award for you. You're assuming that Reddit would create an NFT that doesn't grant them any special power. Why would they do that? Why wouldn't they create a blockchain NFT with an admin address that they own and which can do pretty much anything? > Considering how much most HN users rail against centralized services and things others not to turn stuff off, it seems like the value is obvious to me. You can be centralized on a blockchain though, e.g. using an admin address as I described.
- acdha 5y ago> How so? Why is it any better than a public API? Specifically in that using my API won't require you to pay him money. There are other reasons they'll claim but once you dig through the chaff that's what it comes down to.
- 3371 5y agoMassive global adopted blockchains will indeed provide additional interoperability, thought there's none now. Just consider it something like decoupling in coding but for the whole internet.