An NFT That Saves Lives • Hacker News Board

Re: An NFT That Saves Lives

#201

Post by jonathankoren » Wed, May 05, 2021, 1:41 AM UTC

systoll wrote: post #198

_9omd wrote: post #195

Earlier quoted context omitted.

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.

Exactly. The whole “rarity” of NFTs is laughingly absurd. The idea of scarcity of digital artifacts was always a joke, and was dramatically disproved more than 20 years ago.

Re: An NFT That Saves Lives

#202

Post by eloff » Wed, May 05, 2021, 2:14 AM UTC

endisneigh wrote: post #157

eloff wrote: post #156

Earlier quoted context omitted.

> this is a really disingenuous comparison. Neither of us put up numbers, but I didn't call you disingenuous. I stand by what I said until I see math to the contrary.

You're the one who made the claim to begin with - so there's nothing to stand on, it's just a baseless claim since you didn't really provide any information on how much energy is required for a "fundraiser dinner" to begin with that wouldn't have been used anyway.

And you followed with a baseless rebuttal. Don't waste your breath.

Re: An NFT That Saves Lives

#203

Post by Can_Not » Wed, May 05, 2021, 2:26 AM UTC

capableweb wrote: post #131

jonny_eh wrote: post #47

Earlier quoted context omitted.

> I'm not sure why this is an NFT That's what I've said about every existing NFT.

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 understand why somebody would buy a baseball card, even if I would never want to. I understand why someone would right-click and download a jpg of a baseball card, or screenshot one, even if I would never want to.

But when you add "pay $100 in etherium for a reference to a publically jpg hosted on some website" you completely lose me.

Re: An NFT That Saves Lives

#204

Post by graeme » Wed, May 05, 2021, 2:58 AM UTC

_9omd wrote: post #197

graeme wrote: post #192

Earlier quoted context omitted.

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 th…

Oh, all of that seems less interesting to me, at present, than chain link. The defi applications are interesting but it isn’t clear how any of it affects the real economy. It seems to be a lot of intra-crypto speculation and money moving.

That would also apply to the stock market etc but ultimately traditional finance does allocate capital to businesses and actually produces things in the economy.

However, if Chainlink etc can link all of that Defi stuff to real activities, it could be powerful.

I’m still on the fence as I haven’t seen too many practical examples, but it definitely seems to be the space to produce one if they can be made to happen.

Re: An NFT That Saves Lives

#205

Post by prtkgpt » Wed, May 05, 2021, 3:13 AM UTC

hiq wrote: post #163

lalaland1125 wrote: post #148

Earlier quoted context omitted.

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

If you go from 5% to 10% overhead but collect 10 times as much because of the hype you still end up with more money.

Exactly, same goes for when you donate with the 1-1 matching. Your X amount is 2x now, and 10% of 2x is stil 1.5x more of just X.

Re: An NFT That Saves Lives

#206

Post by Can_Not » Wed, May 05, 2021, 3:52 AM UTC

casi18 wrote: post #13

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.

"We plan to make a significant carbon offset to mitigate the environmental impact of this NFT. Within one week of the closing of this auction we will update this page with details of the steps we took." Every action we take has tradeoffs. Everyone acts hoping that they can bring more good to the world than bad. Thats not to say we shouldn't be critical of decisions people make, but the moral panic around nfts is over…

> Don't throw the baby out with the bathwater

But in the case of NFTs, there's no baby in the bathwater.

Re: An NFT That Saves Lives

#207

Post by dang » Wed, May 05, 2021, 5:06 AM UTC

blurbleblurble wrote: post #177

dang wrote: post #141

Earlier quoted context omitted.

https://news.ycombinator.com/item?id=26975955 https://news.ycombinator.com/item?id=26918270 " Please don't sneer, including at the rest of the community. " https://news.ycombinator.com/newsguidelines.html

My bad, the stakes are high. I'll work to cool it next time.

It's an internet forum. The stakes are not that high.

Re: An NFT That Saves Lives

#208

Post by tim333 » Wed, May 05, 2021, 8:32 AM UTC

graeme wrote: post #49

I had hoped PG would write an essay on crypto/NFTs, as he seems enthused by them and is good at explaining things. But he explains nothing here. Noora seems good, but that’s a feature of Noora, not NFTs. As for what is going on, I looked at Noora’s post, it seems PG has placed the sole bid on the NFT, valued at $2.6 million at current market prices of ETH. In return he will get a token that says he did it. One part I…

>If so, what does the NFT do?

My take - it's like a prize result. If you run some race there's a big incentive to be the #1 winner even if there's no prize money or trophy. It's just the general agreement that Joe Bloggs was the winner of the whatever race. Still people dedicate their lives towards achieving such things.

Likewise with PGs NFT someone will be able to say I was the winner of that auction and the world will agree and it is something that will be with you forever.

Re: An NFT That Saves Lives

#209

Post by blurbleblurble » Wed, May 05, 2021, 1:45 PM UTC

dang wrote: post #207

blurbleblurble wrote: post #177

Earlier quoted context omitted.

My bad, the stakes are high. I'll work to cool it next time.

It's an internet forum. The stakes are not that high.

I mean with the housing stuff and the economics. A lot of people in my life are stressed lately about housing. So I have strong feelings about it.

Re: An NFT That Saves Lives

#210

Post by dang » Wed, May 05, 2021, 7:52 PM UTC

blurbleblurble wrote: post #209

dang wrote: post #207

Earlier quoted context omitted.

It's an internet forum. The stakes are not that high.

I mean with the housing stuff and the economics. A lot of people in my life are stressed lately about housing. So I have strong feelings about it.

Ah, I see. Yes indeed. I hope the stress eases soon.