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that very well might be some aspects of crypto though are pretty interesting. NFTs do offer a ton of use cases for ownership, licensing, memberships, etc. - if
by puranjay 4y ago
that very well might be
some aspects of crypto though are pretty interesting. NFTs do offer a ton of use cases for ownership, licensing, memberships, etc. - if you can look beyond the current dumb trend of monkey pictures.
- Planktonne 4y ago> NFTs do offer a ton of use cases for ownership, licensing, memberships, etc. NFTs are claimed to offer a ton of use cases. To date, I'm not aware of any that are both meaningful and actually require NFTs.
- puranjay 4y agoTo be fair, its a very new tech - the ERC-721 NFT standard was introduced in 2018. Whatever could be built or not on it was lost in the madness of the bullrun. I remain on the fence, but can't dismiss it entirely.
- andreareina 4y agoAll these claims fundamentally require trust in some external party, at which point you no longer have trustless distributed consensus.
- puranjay 4y agoAlso fair criticism. Further, even if they were to one day be widely adopted as membership tokens, coupons, or licenses, the underlying networks are still wildly overvalued. I also don’t like the idea of living in a world the crypto enthusiasts imagine. The world already feels overly financialized. If everything is “investable” and “fractionalized” and “tradable”, the level of financialization in the world will be nauseatingly high.