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NFT Canon

a16z.com

111–114 of 114 posts

Re: NFT Canon

#111
post #110
post #88

Earlier quoted context omitted.

Or, a better DRM key... at least you could transfer it without permission.

Not really. Access to the content referred to by the NFT happens at the whim of the platform. That gives them the ultimate leverage. In this case, transfer doesn't amount to much if the "object" is rendered useless.

Still no worse than some hash key that can be invalidated in the next version with a blacklist. At least a DRM key is something that NFTs are somewhat suited for.

For fuckery, there are still cracks.

Re: NFT Canon

#112
post #105

Earlier quoted context omitted.

My English is probably lacking (not a native speaker), but I can't parse that sentence for the life of me, let alone understand what it means. Curiously enough, googling it brings up exactly two results: the book you cite and this HN thread.

The he is referring to Diogenes, an ancient philosopher. And Diogenes is calling rich but ignorant men sheeps with golden fleeces. "A man who is rich but ignorant he[Diogenes] called a sheep with golden fleece."

Makes sense now, thanks. I had assumed it was a direct quote by Diogenes himself.

Re: NFT Canon

#113
post #33

NFTs just happen to be the token du jour, and it's a bit sad that a16z is peddling them. There's nothing of value here, and no one will care in 4 years. Remember Crypto Kitties[1]? Don't worry, no one else does either. The idea of "proof of ownership" makes no sense in a digital context, anyway, and the best way forward (if actually trying to solve this problem) isn't with some pump-and-dump token, but rather with DR…

Except folks that are interested in NFTs DO remember cryptokitties as one of the earliest NFTs.

They change hands constantly:

https://opensea.io/assets/cryptokitties?search[sortAscending...

Re: NFT Canon

#114

Earlier quoted context omitted.

VCs are geared to take big swings and bets. Makes total sense that they would buy into anything that has the potential to be a billion dollar idea, even if the likelihood of success is 1-5%. What's interesting about NFTs to me is that an org like the NBA is one of the most successful - but I guess that makes sense because, as others have posted, they generate all the NFTs and can validate them. So it seems to me that…

> So it seems to me that it can be successful in the case where you have a single, centralized owner. Postgres also works great when you have a single, centralized owner

Yea but then it's not "crypto" duh. /s
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