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Are people seeking alternative viewpoints or just dogpiling the same opinions with minor alterations? There's far more criticism of nfts on today's social media

Are people seeking alternative viewpoints or just dogpiling the same opinions with minor alterations? There's far more criticism of nfts on today's social media channels than the other, I find. In any case, it's good to keep in mind that more experimentation will come with nfts and that it will continue to evolve into something different. Be open and don't write it off just yet.

swalsh 5y ago
The more I explore the space, the more it's becoming clear to me that the origional vision of crypto probably isn't going to happen. But that the potential is even greater than the origional vision. Any time I've tried to design systems that tie the crypto world to a physical object that's not easy to verify in a distributed way (so verifying an item is delivered as opposed to what the weather is) it's clear the system is fragile... and the user experience will always be worse than a trusted system. But digitally native stuff works great (on alternative chains, I haven't had good experiences on ETH... kind of expensive, kind of slow). The blockchain isn't about digitalizing the real world economy. I think it's about creating a new purely digital economy. Trading digital assets for digital money. Things that can be easily digitalized can fit in this model well. SaSS, Finance etc. things like eCommerce can be partially put on-chain, but the experience is better in a hybrid way. In my vision of the future, a robot that delivers packages might be controlled via an NFT, but a package is not going to be tracked via an NFT. Also to explore why it might be useful to do some stuff on-chain, it's kind of a chicken and an egg problem. It's better to do it on-chain, because something else on-chain needs it. For example, on-chain cloud hosting is not necessary superior in our current world (but it does exist) but if you're trying to do something else on-chain (like say run an autonomous organization that manages a web service) running the web hosting on-chain is just going to be eaiser to do business.
- oreally 5y ago
  Well I'm personally not so sure if the physical items registered on blockchain thing will work out well. The strengths of the blockchain lie in transparency, near-unchangeable rules which produce a degree of reliability, and digital asset tokenization - all experimental, yet has good long-term prospects for a new kind of digital economy. Just that they have to make sure the downside problems are solved for the common man.

swalsh 5y ago

The more I explore the space, the more it's becoming clear to me that the origional vision of crypto probably isn't going to happen. But that the potential is even greater than the origional vision. Any time I've tried to design systems that tie the crypto world to a physical object that's not easy to verify in a distributed way (so verifying an item is delivered as opposed to what the weather is) it's clear the system is fragile... and the user experience will always be worse than a trusted system. But digitally native stuff works great (on alternative chains, I haven't had good experiences on ETH... kind of expensive, kind of slow). The blockchain isn't about digitalizing the real world economy. I think it's about creating a new purely digital economy. Trading digital assets for digital money. Things that can be easily digitalized can fit in this model well. SaSS, Finance etc. things like eCommerce can be partially put on-chain, but the experience is better in a hybrid way. In my vision of the future, a robot that delivers packages might be controlled via an NFT, but a package is not going to be tracked via an NFT. Also to explore why it might be useful to do some stuff on-chain, it's kind of a chicken and an egg problem. It's better to do it on-chain, because something else on-chain needs it. For example, on-chain cloud hosting is not necessary superior in our current world (but it does exist) but if you're trying to do something else on-chain (like say run an autonomous organization that manages a web service) running the web hosting on-chain is just going to be eaiser to do business.

oreally 5y ago
Well I'm personally not so sure if the physical items registered on blockchain thing will work out well. The strengths of the blockchain lie in transparency, near-unchangeable rules which produce a degree of reliability, and digital asset tokenization - all experimental, yet has good long-term prospects for a new kind of digital economy. Just that they have to make sure the downside problems are solved for the common man.