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That seems like a totally different sense of “trust” though, and not one that you could reasonably expect any blockchain or traditional market to solve. Like, y
by tshaddox 5y ago
That seems like a totally different sense of “trust” though, and not one that you could reasonably expect any blockchain or traditional market to solve. Like, yes, you do need to make some small effort to make sure that you’re buying what you are intending to buy, but I can’t imagine that being difficult to do, especially if you’re buying a piece of art from an artist you follow closely.
- acdha 5y agoIt’s more that the NFT doesn’t add anything: what matters happens elsewhere so why pay a ton of money for something which gives you no benefits?
- tshaddox 5y agoThey’re collectibles, so…you would pay a ton of money for them if you really like collecting those things, or if you want to speculate that the value will increase.
- acdha 5y agoThey're only collectibles when they convey legal rights — otherwise you're bidding up a receipt, possibly one of many. Speculation has generated some activity but it's not enough to sustain the market without some kind of value.
- tshaddox 5y agoHuh? What legal right would you like to have with an NFT that you do not have?