291–300 of 786 posts
So, lets think, we have following issues: - Climate change - Artificial general intelligence - Biotechnology risk - Ecological collapse - Molecular nanotechnology - Nuclear holocaust - Overpopulation - Global pandemic - ... Most of them caused by way we use our energy and time. Oh, yes we also have excess of computing power ... hm what shell we do? Solution: Let spend even more energy on large calculations in order t…
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If the artist signs the NFT to you, then you can't track resales. It will always be signed as belonging to the original person who bought it. So basically this "alternative" to NFTs would be impossible to trade. It blows my mind that people still don't understand stuff this basic.
And how valuable is that capability?
Short term view NFTs look like a scam or a joke. Long term view we will need digital ownership especially when it comes to content or individual data/items. When the augmented reality spectacle takes over and everyone is looking through AR glasses, rather than through a small device but through their own eyes, digital collectibles will have more value. Shared spaces with others will have collectibles that only exist…
Why are we introducing scarcity to digital goods? That's not a good thing and shouldn't be praised! We rail against companies selling cosmetic additions to games. It doesn't add value. We already have "ownership". The legal framework of copyrights, purchase or goods, and licenses. NFTs are barcodes. People are selling cryptographic barcodes.
Why can't NFTs be done without a blockchain? Please explain. Just add multiple hash, public/private-key cryptography, downsample discrete cosine transform, etc. You can just create a file format and a protocol. Why do you need to dump tons of CO2 into the atmosphere just for this purpose?
Preface: I'm not endorsing NFTs nor do I know much about them and personally I would never buy one. > Why can't NFTs be done without a blockchain? In the physical world it is rather involved to check wether eg. a painting is the original one and not a copy. A simple way to define original is that it came first, before any of its copies. In the digital world the blockchain acts as the canonical timeline. You or anyone…
What does this even mean? How can a Blockchain possibly enforce that your electricity used in mining is coming from a carbon neural source?
In Summary: 1. The NFT doubles down on the worst of copyright, the property metaphor, & tries to impose old ideas of scarcity & exclusion on the digital realm, where both are obsolete.
2.NFTs are an absolute ecological disaster
Independent film/animation/interactive studio here- NFT's are a cool new space we are very excited about experimenting in. I usually like Seth Godin's stuff but that blog post feels like an old rich man yelling at a cloud that exists in a dimension he doesn't understand. Doesn't he know all the NFT stuff is going on in Ethereum which is transitioning to POS which mitigates the whole "crypto mining is the death star s…
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Or, there’s an idea, just generate a random string, bundle it with the artwork and sign the whole damn thing using good old RSA. Achieves the exact same goal, uses a fraction of energy and no fancy tech.
If the artist signs the NFT to you, then you can't track resales. It will always be signed as belonging to the original person who bought it. So basically this "alternative" to NFTs would be impossible to trade. It blows my mind that people still don't understand stuff this basic.
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> There are numerous configurations, networks, and commercial structures that can be created for NFT offerings that can mitigate "problems" described in the OP and accommodate for different tradeoffs. Ah, yes. The goid old "might", the adage as old as the whole blockchain itself. Translation: "will painstakingly re-invent all the attributes of what real world needs, and already has, and doesn't need blockchain in the…
This same author can be seen here recommending blockchain technologies to the CA government here: https://www.govops.ca.gov/wp-content/uploads/sites/11/2020/0... If you're not willing to consider the hypothesis of value proposed by blockchain I can genuinely understand why and it makes sense. Lots of other areas to invest personal time and effort in.
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> If you're not willing to consider the hypothesis of value proposed by blockchain
So, not even the value proposed by blockchain but the hypothesis of the value?
What would those values and hypotheses be?
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Or, there’s an idea, just generate a random string, bundle it with the artwork and sign the whole damn thing using good old RSA. Achieves the exact same goal, uses a fraction of energy and no fancy tech.
Uh...no? These can trivially be copied (double spent), which means they're just as scarce as any digital data. Valueless without some significant proof of violence and hyper censorship ability enforcing copyright protection. The primary revolution of bitcoin was the invention of self enforcing digital scarcity.
I thought DRM already invented that.
I suspect NFTs will continue gaining in popularity, if only for this alone.