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> NFT as some kind of license to access a service using web3 auth Firstly, we have that on the web today with OAuth. It is centralised in the hands of a few co

> NFT as some kind of license to access a service using web3 auth Firstly, we have that on the web today with OAuth. It is centralised in the hands of a few companies but that's because people trust those companies. There simply is no consumer demand to allow other options but it's easy enough to do. Secondly, the problem with the NFT approach you described is that it coerces people to use a single wallet for everything. Which goes against the best practice for crypto at the moment which is to have multiple wallets due to the many, many NFT scams that can steal your wallet. So in effect your approach trades off centralisation in one area for another. With the end user not really being in a fundamentally better position.

saurik 4y ago
> It is centralised in the hands of a few companies but that's because people trust those companies. You trust them. I don't. Now what? Are you saying I'm forced to trust them, because you do? For every story of crypto projects going awry we can find a story of Google shutting down someone's account without any recourse, Apple abusing their App Store position to ban reasonable content (commentary on sweat shops or even mildly adult content), or Facebook accidentally toppling an entire democracy. The reality is that these centralized systems aren't some panacea and you are frankly naive to be so happy about using them for the rest of your life.
- threeseed 4y ago
  We can play this game on the Web3 side as well. OpenSea takes the blockchain data, filters it and augments it with their proprietary data. Which means that as a user I may buy an NFT that OpenSea is filtering and which therefore is useless on other sites. There is nothing inherently special about blockchain that prevents centralisation or allows you to have a trustless ecosystem. At some point I will trust Metamask with my wallet, Binance for my trades etc.
  - TimJRobinson 4y ago
    Opensea can only make your NFTs useless on Opensea, that's the difference. You can still trade them on Looksrare or other marketplaces. Metamask is the same, if you can't use it you can easily take your coins to another wallet and use them there, you just import your seed phrase.

saurik 4y ago

> It is centralised in the hands of a few companies but that's because people trust those companies. You trust them. I don't. Now what? Are you saying I'm forced to trust them, because you do? For every story of crypto projects going awry we can find a story of Google shutting down someone's account without any recourse, Apple abusing their App Store position to ban reasonable content (commentary on sweat shops or even mildly adult content), or Facebook accidentally toppling an entire democracy. The reality is that these centralized systems aren't some panacea and you are frankly naive to be so happy about using them for the rest of your life.

threeseed 4y ago
We can play this game on the Web3 side as well. OpenSea takes the blockchain data, filters it and augments it with their proprietary data. Which means that as a user I may buy an NFT that OpenSea is filtering and which therefore is useless on other sites. There is nothing inherently special about blockchain that prevents centralisation or allows you to have a trustless ecosystem. At some point I will trust Metamask with my wallet, Binance for my trades etc.
- TimJRobinson 4y ago
  Opensea can only make your NFTs useless on Opensea, that's the difference. You can still trade them on Looksrare or other marketplaces. Metamask is the same, if you can't use it you can easily take your coins to another wallet and use them there, you just import your seed phrase.