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“Collectors might be confused … you're not auctioning the [320x200] originals”

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Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#4
"An authorized third party is auctioning an entry on a blockchain for a URL that points to an authorized copy of a scaled up version of a born-digital Warhol image."

I can barely wrap my head around it and i work in software. How do non-tech people understand what the auction is actually about?

Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#5
post #4

"An authorized third party is auctioning an entry on a blockchain for a URL that points to an authorized copy of a scaled up version of a born-digital Warhol image." I can barely wrap my head around it and i work in software. How do non-tech people understand what the auction is actually about?

They don’t, obviously, that’s the whole purpose.

If they did they wouldn’t bid on it. Nobody would pay a cent for “the url of a jpg of a painting”.

Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#6
post #4

"An authorized third party is auctioning an entry on a blockchain for a URL that points to an authorized copy of a scaled up version of a born-digital Warhol image." I can barely wrap my head around it and i work in software. How do non-tech people understand what the auction is actually about?

Same here. The more I read about NFT, the more stupid it looks. It's asymptotically retarded.

Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#7
post #4

"An authorized third party is auctioning an entry on a blockchain for a URL that points to an authorized copy of a scaled up version of a born-digital Warhol image." I can barely wrap my head around it and i work in software. How do non-tech people understand what the auction is actually about?

"Money laundering"

Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#8
post #5
post #4

"An authorized third party is auctioning an entry on a blockchain for a URL that points to an authorized copy of a scaled up version of a born-digital Warhol image." I can barely wrap my head around it and i work in software. How do non-tech people understand what the auction is actually about?

They don’t, obviously, that’s the whole purpose. If they did they wouldn’t bid on it. Nobody would pay a cent for “the url of a jpg of a painting”.

You're not paying for the url of a jpg of a painting. Everyone already knows the url.

You're paying for someone to put an entry in a random database with a public URL next to your name.

Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#9
post #8
post #5

Earlier quoted context omitted.

They don’t, obviously, that’s the whole purpose. If they did they wouldn’t bid on it. Nobody would pay a cent for “the url of a jpg of a painting”.

You're not paying for the url of a jpg of a painting. Everyone already knows the url. You're paying for someone to put an entry in a random database with a public URL next to your name.

Sure. But still.

Re: “Collectors might be confused … you're not auctioning the [320x200] originals”

#10
post #4

"An authorized third party is auctioning an entry on a blockchain for a URL that points to an authorized copy of a scaled up version of a born-digital Warhol image." I can barely wrap my head around it and i work in software. How do non-tech people understand what the auction is actually about?

Same here. The more I read about NFT, the more stupid it looks. It's asymptotically retarded.

however, is it any more abstractly different than cryptocurrency?