2 ms·

So I almost disagreed with your post in the sense that no consumer would check a block chain to determine ownership. However your last paragraph is actually me

So I almost disagreed with your post in the sense that no consumer would check a block chain to determine ownership. However your last paragraph is actually meaningful. Yes, it provides a way for digital assets to be time stamped. And that has value, not for consumers but for creative. Narrow your use case to the creator rather than the consumer and you have a worthwhile point. Of course right now it means little, I could basically NFT my neighbors digital art, before he does, and thus "prove" I had it first. However, assuming this catches on, having a common way of time stamping copyright materials has significant value.

adrianwaj 5y ago
>> no consumer would check a block chain to determine ownership Your browser or media player could check ownership metadata. You could donate a fixed amount per month to the most used sites or creators, or whatever you decide. The web is free, but what's say $5 a month for a better experience paid straight to creators to run alongside uBlock Origin? More useful than paying $2000 for a useless NFT monkey with one leg.
- bruce511 5y ago
  I think the number of people who would care about the NFT of the meta-data is basically 0% for some definition of 0. That's a straight up solution looking for a problem. And if you want to donate direct to creators, then Patreon already exists. And again, the % of people using that is a rounding error. Useful to be sure, but it shows that only the tinyest fraction of consumers are prepared to pay for that kind of content. For more quality content we pay streaming services and they pay the creators for us (Netflix et al). Between youtube red, Patreon, Netflix etc i have plenty of ways to pay creators - no NFT required.
  - adrianwaj 5y ago
    Regarding Netflix, if they gave away all their content for free. At some point people would want more, and then they can raise money on the promise (and delivery) of new content based on prior works. As long as people pay the right person, they can expect to get more. Perhaps an NFT can facilitate this. Some people will free-ride and lurk, but so what?! https://www.weargustin.com/store https://www.weargustin.com/store - they presell all their clothes before production. That should be adapted to content. https://wikipedia.org/wiki/PledgeMusic https://wikipedia.org/wiki/PledgeMusic - it died in 2019 - perhaps it could be recreated around crypto and NFTs.

adrianwaj 5y ago

>> no consumer would check a block chain to determine ownership Your browser or media player could check ownership metadata. You could donate a fixed amount per month to the most used sites or creators, or whatever you decide. The web is free, but what's say $5 a month for a better experience paid straight to creators to run alongside uBlock Origin? More useful than paying $2000 for a useless NFT monkey with one leg.

bruce511 5y ago
I think the number of people who would care about the NFT of the meta-data is basically 0% for some definition of 0. That's a straight up solution looking for a problem. And if you want to donate direct to creators, then Patreon already exists. And again, the % of people using that is a rounding error. Useful to be sure, but it shows that only the tinyest fraction of consumers are prepared to pay for that kind of content. For more quality content we pay streaming services and they pay the creators for us (Netflix et al). Between youtube red, Patreon, Netflix etc i have plenty of ways to pay creators - no NFT required.
- adrianwaj 5y ago
  Regarding Netflix, if they gave away all their content for free. At some point people would want more, and then they can raise money on the promise (and delivery) of new content based on prior works. As long as people pay the right person, they can expect to get more. Perhaps an NFT can facilitate this. Some people will free-ride and lurk, but so what?! https://www.weargustin.com/store https://www.weargustin.com/store - they presell all their clothes before production. That should be adapted to content. https://wikipedia.org/wiki/PledgeMusic https://wikipedia.org/wiki/PledgeMusic - it died in 2019 - perhaps it could be recreated around crypto and NFTs.