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An NFT That Saves Lives

paulgraham.com

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Re: An NFT That Saves Lives

#191

Post by capableweb »

nrmitchi wrote: post #184
capableweb wrote: post #133

Earlier quoted context omitted.

> well, some NFTs do have thousands copies, etc. — they're not always unique What? No. They are unique and not the same as the others, that's what makes them NFTs in the first place. A NFT that has thousands of copies is just a cryptocurrency... You might mean that there are "collections" of NFTs, where the artwork happens to be the same and the author is the same. But each individual piece of that is it's own NFT an…

You're just being extremely pedantic around the use of the word "copy" to try to make your point. If you have thousands of things where the artwork is the same and the author is the same, we have a word for that: "copies". Putting an ID on each one doesn't make them any less "copies"; they're just numbered copies. Sure, you can call that a "collection" if you want, but they are a bunch of instances of the "same thing…

Well, without being pedantic about the use of "copy", we might as well use "NFT" and "cryptocurrency" interchangeably, but it's useful to make the distinction between as they are different.

If you pipe /dev/random to 100 different files and hash them, the content are "the same" in the sense that they are all filled with garbage. But if you hashed the content, you'll get different hashes. Use those as Global IDs, and you have something like a NFT. The same, but also not the same as they are unique.

Re: An NFT That Saves Lives

#192

Post by graeme »

_9omd wrote: post #188
graeme wrote: post #176

Earlier quoted context omitted.

Chainlink sounds interesting. But how can you be sure about the data and the link? Insurers have sizeable fraud departments. If a system is unreversible and exists in a place without enforceable contracts, wouldn’t that allow for a large gaming opportunity?

It's probably best to read their whitepaper, as I don't know all the details off the top of my head, but they have a number of ways to prevent gaming the system. Of course, nothing is 100% sure, even Bitcoin can be attacked with enough power. It's about putting in place the economic incentives, such that the game theoretic best approach is to provide value to the network rather than trying to harm it. So in the case…

Cool I’ll have a look sometime. I can definitely get the sense there seems like there could be something there with Ethereum, and if there is something there it could be very very big.

What remains unknown for me is whether that something actually exists.

Re: An NFT That Saves Lives

#193

Post by dwild »

codegladiator wrote: post #145
capableweb wrote: post #131

Earlier quoted context omitted.

Ever seen a programmer creating programs in Brainfuck? I don't think I'll never understand Brainfuck, but I do have some understanding of why you'd wanna write a program in it. Ever seen these abstract paintings that go for millions of dollars? How dare they? I don't understand anything of it, it's weird as fuck, but it doesn't really hurt anybody more than anything else so why care? I feel like NFTs fall into a simi…

I don't see any brain fuck programmer trying to convince us that bf is the future. nobody is trying to convince someone else to code in bf. same with the abstract art. someone did it, it happened, people appreciated. but they knew that's all about it. no artist telling us to do it. And nft isn't even comparable, it's just become another term for cypto coin. Two years ago this would an ICO. coin to save lifes.

> I don't see any brain fuck programmer trying to convince us that bf is the future.

You forgot the comment thread you were on... we aren't arguing that NFT is the future, but that some people can see a use out of it, just like BF.

Re: An NFT That Saves Lives

#194

Post by rel2thr »

_9omd wrote: post #169
jonathankoren wrote: post #85

Earlier quoted context omitted.

How do you display an NFT? Isn’t it literally just a hex code, with actual asset hosted somewhere else, which is publicly accessible by everyone? I’m serious. Isn’t that all it is? A pointer to some other resource, without access control at all? At least when I bought a beanie baby, I got beanie baby. NFTs always felt like paying money, then printing up the first picture of a beanie baby from a Google image search, a…

Currently I see NFTs as a new status symbol, but without a way to display them (ie: flex your status/wealth). However, if you think the world will move further towards the digital realm where people will spend large portions of their lives in shared virtual worlds, this problem goes away. There will be virtual worlds where only the true owner of the NFT (can prove with digital signature) can display their artwork. It…

I believe in a digital world future but have a hard time believing there would be DRM on images that would prevent me from displaying this gif in my house if I wanted to

Re: An NFT That Saves Lives

#195

Post by _9omd »

rel2thr wrote: post #194
_9omd wrote: post #169

Earlier quoted context omitted.

Currently I see NFTs as a new status symbol, but without a way to display them (ie: flex your status/wealth). However, if you think the world will move further towards the digital realm where people will spend large portions of their lives in shared virtual worlds, this problem goes away. There will be virtual worlds where only the true owner of the NFT (can prove with digital signature) can display their artwork. It…

I believe in a digital world future but have a hard time believing there would be DRM on images that would prevent me from displaying this gif in my house if I wanted to

No, there won't be DRM that would prevent you from printing the digital image of an NFT and displaying it in your house. The DRM will be inside your virtual house or virtual museum. The creator of said virtual world can require proof via digital signature that you are the owner of the NFT.

Re: An NFT That Saves Lives

#196

Post by jokethrowaway »

throwaway_isms wrote: post #65
spamalot159 wrote: post #10

Earlier quoted context omitted.

Except for that it uses technology that harms the environment. I don't think this trend is "fun" compared to a normal donation drive when it has these negative side effects.

Does government backed fiat harm the environment? Do the militaries of the nations protecting their government backed fiat have a net positive or negative impact on the environment? Does the infrastructure required by central banks, retail banking have a net positive or negative impact on the environment? I am not arguing blockchain in various implementations do not harm the environment, only that there are many exte…

Look, you'll be hard pressed finding someone who hates the government more than me; even I can tell you that yes, the government wastes a lot of resources and pollutes the environment - but both government and central banking are much more efficient in managing money.

You can't solve a political problem with technology. PoW is incredibly inefficient and wasteful. BTC is slow and wastes a lot of energy, just to maintain consensus.

I'd rather see a system with decentralised nodes I can trust (imagine tons of trustworthy corporations running these instead of the duopoly of Mastercard / Visa) which can process transactions without worrying about consensus and without wasting energy.

Looking forward to PoS, which could bring us closer to that reality.

Even with BTC (or a crypto with PoS) the problems with the governments won't disappear, I'm sure they'll find a way to keep ruining our lives and extracting money from us, even with cryptocurrencies.

Re: An NFT That Saves Lives

#197

Post by _9omd »

graeme wrote: post #192
_9omd wrote: post #188

Earlier quoted context omitted.

It's probably best to read their whitepaper, as I don't know all the details off the top of my head, but they have a number of ways to prevent gaming the system. Of course, nothing is 100% sure, even Bitcoin can be attacked with enough power. It's about putting in place the economic incentives, such that the game theoretic best approach is to provide value to the network rather than trying to harm it. So in the case…

Cool I’ll have a look sometime. I can definitely get the sense there seems like there could be something there with Ethereum, and if there is something there it could be very very big. What remains unknown for me is whether that something actually exists.

I think if you take some time to familiarize yourself with the latest developments in DeFi on Ethereum, you'll see that it already exists. Lending/borrowing, exchange, derivatives, insurance, prediction markets, and a host of other use cases have been live for a while now and platforms are doing billions in volume. Essentially the building blocks of a modern financial system all built without reliance on a trusted third party institution. During the last boom in 2017 there were a lot of big promises, and many teams failed to deliver or scammed users, but what we're seeing now is the legitimate projects coming to life after years of work during the last bear market.

Re: An NFT That Saves Lives

#198

Post by systoll »

_9omd wrote: post #195
rel2thr wrote: post #194

Earlier quoted context omitted.

I believe in a digital world future but have a hard time believing there would be DRM on images that would prevent me from displaying this gif in my house if I wanted to

No, there won't be DRM that would prevent you from printing the digital image of an NFT and displaying it in your house. The DRM will be inside your virtual house or virtual museum. The creator of said virtual world can require proof via digital signature that you are the owner of the NFT.

Whatever the NFT contains/links to, anyone can make another NFT with the same content, and prove they own that NFT.

Re: An NFT That Saves Lives

#199

Post by a1369209993 »

lalaland1125 wrote: post #150
kemonocode wrote: post #111

Earlier quoted context omitted.

Yes, only the winning bid would go to Noora. However, there would be a record of any other bidders' intent. With a bit more of creativity/effort, someone could have created a smart contract for keeping track of all the donations and only releasing them once they reach a certain threshold, then giving a token back representing a "life saved" to donors if they truly wanted, but I get capitalizing on NFTs' hype right no…

Most charities already give you pdf certificates recording how many lives you saved with your donation. What's the point in having an NFT instead of just a pdf?

> What's the point in having an NFT

> > > it's riding the hype of NFTs more than anything.

The point is hype-based advertising. As people have been repeatedly pointing out all over the thread.

Re: An NFT That Saves Lives

#200

Post by JeremyNT »

lalaland1125 wrote: post #148
yrral wrote: post #144

Earlier quoted context omitted.

People have been able to raise non-insignificant amounts of money selling NFTs for charities. Snowden - Freedom of Press Foundation 5.4m https://www.theverge.com/2021/4/16/22388548/edward-snowden-n... pplpleasr - Stand with Asians 550k https://www.theblockcrypto.com/post/99615/uniswap-v3-nft-sol...

How is this different or better than normal donations? If anything, isn't it worse due to the NFT overhead?

It's "better" in the sense that they can piggyback on the hype train for all things cryptocurrency related.

Some crypto/NFT millionaire who would normally never donate might well well be coaxed into donating once they see that "NFT" or "blockchain" is attached to the prospect.

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