Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

First iTerm2 Commit for Sale as NFT

opensea.io

Post reply on HN
Print view View original

11–12 of 12 posts

Re: First iTerm2 Commit for Sale as NFT

#11

Post by boublepop »

capableweb wrote: post #2

(I'm neither for or against NFTs, interesting concept around ownership but way over-hyped currently) Someone on HN might ask: "Uuh, but how do we know that this is really \"The first iTerm2 Commit\"?" The steps to verify would be like this: - Open the page with the NFT, see the author name/address - In this case "GeorgeNachman" so we search for that on Google - Now two main results from two different sides show up, T…

Target audience are people who have a bit of money but not much, who know a bit about crypto but not much, who believe that they can buy it now and sell it later at an extremely inflated price. And there’s a never ending line of potential buyers because the media is in overdrive feeding the FOMO after the fake sale of the 69mil NFT.

Re: First iTerm2 Commit for Sale as NFT

#12

Post by capableweb »

powerapple wrote: post #10
capableweb wrote: post #2

(I'm neither for or against NFTs, interesting concept around ownership but way over-hyped currently) Someone on HN might ask: "Uuh, but how do we know that this is really \"The first iTerm2 Commit\"?" The steps to verify would be like this: - Open the page with the NFT, see the author name/address - In this case "GeorgeNachman" so we search for that on Google - Now two main results from two different sides show up, T…

Many NFT would rely on urls, assuming urls would be online for ever and assuming the content they are pointing to will not change. This seems to be flawed don't you think? About NFT itself, I use T shirt analogy to convince my self: you pay quite a bit for a logo on a T shirt, with NFT you are buying the signature the logo, so if we are already doing this in real life, we probably would do it in the future.

Yes, NFTs relying on (centralized) URL is obviously bad and doesn't fit well with cryptocurrencies in the first place, as the entire point is to build a decentralized financial system.

NFTs relying on content-addressing are all fine though (like IPFS) and most of the NFTs I've seen are using IPFS, although some of them screw up the linking and add a link to a IPFS gateway instead of just the hash.

Post reply on HN