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Ngl having a shared global decentralized database that’s you can develop on sounds pretty nice to me. Definitely wouldn’t call that a scam. Maybe it’s overvalue

Ngl having a shared global decentralized database that’s you can develop on sounds pretty nice to me. Definitely wouldn’t call that a scam. Maybe it’s overvalued though… As someone who’s dabbled in the art world, I think people underestimate how important provenance is to an art piece. Having a decentralized system that can automatically keep a paper trail and is seamlessly connected to an automated market/auction service is mind blowing for the art world. It’s basically automating two entire sub industries: the auction houses, and the appraisers. The NFTs don’t even need to stay digitally to be useful. The art world is experimenting a lot with printing these days, and the NFTs are just a method of being able to buy a print from the artist.

the_gastropod 3y ago
At the end of the day, it’s a database still wholly dependent on the correctness of the data being inputted. The blockchain Rube Goldberg machine cannot solve for that physical to digital interface. A MS Access database with a checksum would be every bit as valid a solution to the problem you’ve outlined at a fraction of the complexity.
deleted 3y ago
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foobarian 3y ago
> Maybe it’s overvalued though… I think the problems started when people started treating crypto currencies as investments instead of, well, currencies. I think the BTC jump from low 100s into 6 digits territory is probably what precipitated the craze, making a lot of people go berserk and spawned a whole cottage industry.
spaceman_2020 3y ago
Forget the art world, I come from a country known for fradulent degrees, land records and academic certificates. Simply being able to certify them globally would be very useful.