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Note I'm comparing digital collectibles with provenance determined by WotC servers to digital collectibles issued on the blockchain, i.e. NFTs. I'm suggesting t

Note I'm comparing digital collectibles with provenance determined by WotC servers to digital collectibles issued on the blockchain, i.e. NFTs. I'm suggesting the latter could prove to be more valuable than the former. I am not comparing digital collectibles to physical collectibles. >>With the way NFTs work, the blockchain version of one would be an infinitely copyable file that just happens to have a scoreboard somewhere that says that only one person can "own" it in some very specific sense. There are already NFTs worth tens and in some cases hundreds of thousands of dollars of ETH (see CryptoPunks NFTs) so we know people are willing to pay for something where the image is copyable, but the original can still be authenticated. In the case of the physical copies, people can easily photocopy them or share their images digitally, yet the verifiable original still retains its value. I don't believe inability to copy the image associated with a physical or digital collectible is what imparts the collectible with value.

nradov 4y ago
People are only willing to "pay" for worthless NFT garbage due to the bigger fool theory. The grifters who created scams like CryptoPunks are already running out of fools.
- ETH_start 4y ago
  That's an entirely speculative claim, and doesn't even make sense. There is no difference in a digital Magic card and a physical one in terms of motivations to pay for one. The anti-decentralization camp used CO2 emissions as their excuse for their wholesale condemnation of NFTs before. But now that that's gone, there doesn't seem to be anything of substance to support their blanket condemnation of them.
  - nradov 4y ago
    I'm not anti-decentralization. But obviously only a moron would pay for an NFT regardless of the CO2 emissions.
    - ETH_start 4y ago
      Again, there is no substance behind your claim. There is no difference in a digital Magic card and a physical one in terms of motivations to pay for one. That you're anti-decentralization is just speculation on my part, as I can't think of any other plausible motivation for you inexplicably singling out NFTs as worthy of derision, and not centralized digital collectibles or physical collectibles.

nradov 4y ago

People are only willing to "pay" for worthless NFT garbage due to the bigger fool theory. The grifters who created scams like CryptoPunks are already running out of fools.

ETH_start 4y ago
That's an entirely speculative claim, and doesn't even make sense. There is no difference in a digital Magic card and a physical one in terms of motivations to pay for one. The anti-decentralization camp used CO2 emissions as their excuse for their wholesale condemnation of NFTs before. But now that that's gone, there doesn't seem to be anything of substance to support their blanket condemnation of them.
- nradov 4y ago
  I'm not anti-decentralization. But obviously only a moron would pay for an NFT regardless of the CO2 emissions.
  - ETH_start 4y ago
    Again, there is no substance behind your claim. There is no difference in a digital Magic card and a physical one in terms of motivations to pay for one. That you're anti-decentralization is just speculation on my part, as I can't think of any other plausible motivation for you inexplicably singling out NFTs as worthy of derision, and not centralized digital collectibles or physical collectibles.