251–260 of 297 posts
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Thank goodness your use of c6922832e65b60ab8517d7c1c5fd5911 did not impinge on my personal ownership of this valuable number. Plznorightclick.
Alright. I take it you don't want to discuss this seriously.
I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. I see the use cases, but frankly I don’t think it’s innovative nor does it solve something in a really unique way. Part of the point of digital assets are that they can be copied. If you don’t want to copy them, you can validate with the issuing authority (which is virtually all NFTs as it is).
NFTs have been a revolution for digital artists. I can’t tire of saying this here. Look at Hic Et Nunc or even better FXhash on Tezos (a low carbon chain). FXhash has created a generative art market like it’s never existed before, it’s created an amazing art scene without precedent I’ve ever seen. It also allows for generative art to interact with the blockchain to make every art piece unique. IE if you mint on FXhas…
To call this an “absolutely groundbreaking achievement in digital art that just wasn’t possible before.” is comically absurd.
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Bands != Ticket Master. Right now the easiest way to release tickets is through a central authority that takes fees to manage them, and then control the resale market. You can take the tickets elsewhere like Stubhub but that introduces 25% in fees to have insurance that if your tickets aren't valid and don't get you into the venue, you can have a refund. It's still impossible to check the tickets you purchase on thes…
You assume that these ticket companies are providing no value for the fees they charge. Which I think isn’t a safe thing to assume. Everything you have listed here would be much much easier in a database. Any kind of argument here would have to start with an explanation of why it wouldn’t be possible or practical to just start a new ticket company that does this all for free/very cheap.
No, it isn't. How would you buy a ticket from me online when you don't know me? The only real option is to use stubhub which requires us to both create accounts, put our credit cards in, verify ourselves, you put the ticket up, me to buy it, and for me to not know the ticket is A. not been purchased by someone else B. authentic.
A decentralised app that runs this requires a smart contract to mint tickets and a smart contract to wrap reselling them, plus a web UI to tie it all together. An open source developer could build this and charge $1 per tx to maintain it.
What's the centralised alternative?
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Feels a little different, in that I'd then have a fine art print to put on my wall and enjoy. In this case I have a string of characters on a hard drive. If I didn't care only about price appreciation, why would I pick the latter?
Digital things will never be able to reproduce the physical qualities of objects. Yet digital art exists and can be appreciated. And if you appreciate it enough, buy the NFT the artist has for sale.
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I don’t know about other people and their misconceptions. I hope (and think) they are not as widespread as you think. But yeah I think of NFTs as a novel way to support digital art. Not much else, just pay the artist. Same as buying a painting really, except you don’t really own the painting anymore. The idea that buying art is anything BUT supporting an artist is pretty funny. It’s as if we’ve normalised art as eith…
> The idea that buying art is anything BUT supporting an artist is pretty funny. Traditionally people bought art to possess it, look at it, and display it for others. > Buying art was always meant to just let the artist do his thing! No, that's kinda what patronage was all about. We have crowd sourced versions of that. > Selling digital art before NFTs was a complete pain! Before them you had to go with an agency or…
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Convince more people to just hand out money to artists then!
Look, if people are just saying NFTs are a human psychology hack to get people to donate more money to artists, then that's fine, but call a spade a spade. Don't blow smoke up my ass about how it's a game changing revolutionary technology that does things that simply can't be done without it.
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NFTs have been a revolution for digital artists. I can’t tire of saying this here. Look at Hic Et Nunc or even better FXhash on Tezos (a low carbon chain). FXhash has created a generative art market like it’s never existed before, it’s created an amazing art scene without precedent I’ve ever seen. It also allows for generative art to interact with the blockchain to make every art piece unique. IE if you mint on FXhas…
So I looked up FXhash and from what I gathered, people write a function to generate an image, and then it gets run with some random inputs so you get a bunch of similar but slightly different images out. To call this an “absolutely groundbreaking achievement in digital art that just wasn’t possible before.” is comically absurd.
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> Feels like the "access to physical events" problem was solved before NFTs. I don't really consider it solved, has Ticketmaster solved festival passes in a way everyone likes? When organizers aren't using ticketmaster, is transferring the ticket solved or is it rife with scams and abuse and arbitrary restrictions and guesswork. The tertiary benefit is also not something NFT's are aiming to solve. You asked and got a…
> I don't really consider it solved, has Ticketmaster solved festival passes in a way everyone likes? I hate Ticketmaster as much as the next guy, but had a fine experience with the resellers (e.g. StubHub) which offer many things NFTs do not - like customer service (with an actual phone number), a centralized record if I lose my ticket, refunds if the seller mis-represents, no requirement to buy an asset that will l…
(Non NFT tickets fluctuate wildly in price. Transaction fees on almost all chains are extremely low as gas is negligible in cost, with Ethereum mainnet being an exception.)
So we have less revocable or irrevocable digital goods that are tradable, scarce per collection that provably predates any subsequent issuance, tertiary benefits to physical and digital access, and membership. Even if this technology only was considered to do any of each of those things moderately well, instead of replacing any incumbent implementation, you still have trouble with .... what exactly? We've now agreed that each one is a single asset that does many things at least decently well without any custom implementation needed to be built even if the existing ONE thing in each category has an okay incumbent, and you get a fun picture to go with it. Yes, to some people that has aggregate value.
What are you still having trouble with at this point:
-Whether you should ever own/possess one?
-Whether you should ever use money to own/possess one?
-Something about speculation being bad?
-Something about not knowing if the market will still be there for resell and wondering if that would make everyone else leave the NFT space?
It seems like cognitive dissonance to me, since some of these ideas compete with each other.
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> The idea that buying art is anything BUT supporting an artist is pretty funny. Traditionally people bought art to possess it, look at it, and display it for others. > Buying art was always meant to just let the artist do his thing! No, that's kinda what patronage was all about. We have crowd sourced versions of that. > Selling digital art before NFTs was a complete pain! Before them you had to go with an agency or…
Hacking human psychology for money is really important, and it makes a difference in people’s life’s whether you can do it or not. That’s essentially it, we do agree, but fundamentally you think there’s something “wrong” with this. Artists don’t make millions of dollars generally so them making more money is good enough for me.
I was about to praise this tool for exposing the artificial scarcity that are NFTs. It is trivial to mint your own copy. Then I read the following in the FAQ: > The price for a replica starts at 0.001 ETH. Each time a particular NFT piece is replicated, its next replication cost will double. So be sure to replicate popular pieces early!
In practicality, with the abundance of popular NFTs out there and the starting price of just 0.001 ETH (which is around 4 bucks), I'm not exactly expecting to make much from this. Hell, it cost me over $400 in gas fees just to deploy the contract, I'd be counting my lucky stars if I even recoup that!
And to be clear, the price doubling is not global, but applied to each specific source NFT.