Bitcoins/Litecoins/Virtual Currencies

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James

James

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I have no idea what you mean by "in favor of nfts." They are a token standard, the concept exists, you do not get to be in favor or not with it.
 
Lightning Lord Rule

Il_Duce Lightning Lord Rule

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Maybe it's pedantic, but I see where James is coming from. NFT's are amoral. It's just a token representing something unique or unreproducible (in a nutshell). That Bill Gates, the Art World, the CDC, or whoever else is going to use the properties of NFT's for nefarious purposes doesn't inherently make NFT's the devil.

Plus, assuming you wanted to, how would you even get rid of them? Are you going to outlaw the concept of a tokenized section of blockchain attached to a file/piece of data?

We should be looking for workarounds or competing tech, rather than bans IMO. Or we just get rid of the aforementioned nefarious entities... would they really be missed?
 
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James

James

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Lightning Lord Rule said:
We should be looking for workarounds or competing tech, rather than bans IMO.
Click to expand...

As the Borg say, resistance is futile. Everyone should be figuring out how to think about these tokens now, because eventually you will be using them and the earlier you understand what they are the better your life will be. This time in the market is particularly great, my recent plays have been paying out beaucoup cash -- I made about $6000 last week between two NFT sales (a Lazy Lion and a Blockchain Biker), and I feel like I'm well positioned to make a lot more this month.
 
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Khane

Khane

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James said:
I have no idea what you mean by "in favor of nfts." They are a token standard, the concept exists, you do not get to be in favor or not with it.
Click to expand...

So because something exists you are not allowed to be in favor or not? Guess we should do away with voting for shit!

You try, and try, and try to shed light on your opinion in this thread. But my god... the shit you say is actually retarded.
 
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James

James

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I don't know what you mean by it. It's like saying you're not in favor of the snow. Ok?!?!?
 
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Khane

Khane

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Ahh yes, all those naturally occurring NFTs. Sorry, my mistake.

But what happens when man plays God and creates GMO NFTs?
 
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Khane

Khane

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Can I sell an NFT of my vote to legalize marijuana?

Wait, I can? Fuck it I'm on board
 
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James

James

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I actually have no idea how they would do voting with the blockchain. NFTs may or may not be involved, it's a ways off still if it's even possible I think. There's lots of privacy concerns in this area that even things like ring signatures won't protect against.
 
James

James

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www.artificial.art

Home | galaxy eggs

(art)ificial is an art studio exploring the boundaries of technology and the metaverse. 'Galaxy Eggs' - by Gal Barkan - a collection of 9,999 Eggs of the metaverse.
www.artificial.art www.artificial.art

That'll be big I'm sure.

EDIT: This dude's gallery is nuts: HOME | Gal Barkan Art
 
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LachiusTZ

LachiusTZ

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James said:
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As VR avatars, they are near worthless unless somehow people gatekeep which NFTs are able to be used.

Nobody can use your nft bunny, but someone can create a nearly identical one, or billions of variations of your bunny.

There will be some value in having the original. But when there are infinite copies, and infinite variations... Well, what's the value of things there are near infinite supply of?

Make hay while you can tho.
 
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James

James

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You're definitely still not getting it because there are no copies of an NFT.
 
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Flobee

Flobee

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NFTs are talked about in such a wishy washy way. All they are is a verifiably unique entity on a blockchain. As of today that unique entity is generally just a URL pointing to an image file on a server somewhere. NFT tech is only interesting because it allows for digital authentication of something being unique. The JPEGs, avatars, etc are just what that blockchain entity points to.

Those JPEGs are not unique themselves.

NFT tech is basically useless until systems are built that rely on these unique entities to provide some sort of value. I expect the first real world use case will be digital identities. You'll be represented by a NFT and your attributes will be what that NFT points to.
 
Mist

Mist

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James said:
Click to expand...

1630506658491.png
 
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James

James

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You need to back it up a little bit. We're at the late 1800s early 1900s Baseball card stage of digital collectibles.

Flobee said:
I expect the first real world use case will be digital identities. You'll be represented by a NFT and your attributes will be what that NFT points to.
Click to expand...

Not even close, some NFTs may be used as access tokens (e.g. the basketball ticket example), but your digital identity will fall under WC3 DID specification: A Primer for Decentralized Identifiers
 
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Tmac

Tmac

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Flobee said:
NFTs are talked about in such a wishy washy way. All they are is a verifiably unique entity on a blockchain. As of today that unique entity is generally just a URL pointing to an image file on a server somewhere. NFT tech is only interesting because it allows for digital authentication of something being unique. The JPEGs, avatars, etc are just what that blockchain entity points to.

Those JPEGs are not unique themselves.

NFT tech is basically useless until systems are built that rely on these unique entities to provide some sort of value. I expect the first real world use case will be digital identities. You'll be represented by a NFT and your attributes will be what that NFT points to.
Click to expand...

And you’d still have to litigate copycats in court.
 
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