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To 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.
by puranjay 4y ago
To 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.