FOMOmortis

5y

I'm not really seeing an outrage; it's just a lame and ironic process of destroying an original after copying it, then claiming you have the original.

The fact that it can happen, because it has happened before, is what people are reacting to. I don't see an issue at all.

PainPapi

5y

I try every nft thread, no one really listens but I hope I can teach at least one person about this stuff

Anyway, the basis of that article is entirely false and meant to incite a reaction anyway if you bothered at all to read my posts in this thread

PainPapi

5y

I hope they can keep the same energy with literally every other auctioned piece of work in existence

ferris

5y

obviously the guy destroying it isn’t set in stone but everyone is saying what is the point of NFTs in the first place? it’s basically taking a picture of something and claiming that picture is what’s valuable which is f***ing stupid

FOMOmortis

5y

What energy?

A lot of people think NFTs are stupid whether it's Basquiat or some other artwork.

The responses have mostly been the same so far.

PainPapi

5y

That isn’t what an nft is, that’s just what stupid people on the internet do with nfts

ferris

5y

obviously the guy destroying it isn’t set in stone but everyone is saying what is the point of NFTs in the first place? it’s basically taking a picture of something and claiming that picture is what’s valuable which is f***ing stupid

ferris

5y

so what is an actual good use for an NFT?

Mango

5y

NFTs are blockchain

ferris

5y

so what is an actual good use for an NFT?

RoyalSavant

5y

Most people are seeing NFT’s as this one dimensional thing that’s only used in digital art but its potential is almost limitless if you actually take the time to research what it does

neon

5y

you could use NFTs for bonds and tons of other financial instruments

you could put concert tickets on NFTs

you could put objects in Video games on NFTs

you could use it to validate real world things like deeds, licenses, passports

NFTs have support for automated royalties also on digital sales of something

ARCADE GOON

5y

"The NFT makes no sense if the original exists!"

"Let's destroy the original. Now we have a digital copy, but actually the digital copy becomes the original because there is a certificate saying you are the sole owner, and everybody else using this digital copy merely has a copy of the copy of the destroyed original!"

NFT retärdation in a nutshell

ferris

5y

my problem with this is most of these things we already have the technology to do and bringing an NFT into things just seems like an unnecessary third party.

like an NFT of a concert ticket sounds ridiculous to me because it’s already easy to buy tickets online and if it’s supposed to be some kind of unique ticket there’s really no point in a non-physical collector’s item

tldr: it’s seems to only good for financial deals and everything else is just kinda bullshitting

PainPapi

5y

cmon bro click the tweet in op and you’ll see the energy generated by the hypothetical of someone destroying an artwork, that’s why this entire thread was created, hell even just read the title of this thread

ferris

5y

my problem with this is most of these things we already have the technology to do and bringing an NFT into things just seems like an unnecessary third party.

like an NFT of a concert ticket sounds ridiculous to me because it’s already easy to buy tickets online and if it’s supposed to be some kind of unique ticket there’s really no point in a non-physical collector’s item

tldr: it’s seems to only good for financial deals and everything else is just kinda bullshitting

FOMOmortis

5y

What's wrong with people agreeing that destroying a physical piece of art for a digital copy seems stupid?

PainPapi

5y

You’re so blatantly trying to miss the point here

FOMOmortis

5y

How?

All I see are a couple of people saying it's stupid and there's nothing wrong with that because it has happened already. That's what people are commenting on ITT, same as me.

Not sure what you're trying to argue with this angle.

PainPapi

5y

being upset and creating news articles about hypotheticals is just not my thing I guess

neon

5y

if you sell a ticket on Stubhub right now and the venue isn't partnered with them the person can easily charge it back and say the tickets didn't work

having a universal standard for buying and selling tickets with a transparent auditable blockchain would make s*** a lot easier for verifing if tickets are legit also if your buying them

like I could easily see who issued it and when, if you buy a Coachella wristband or something rn you have no idea if it's fake making things like Craigslist and FB Marketplace super sketchy for buying tickets

Blockchain has far better security for databases while costing a lot less to secure and manage

once Next gen blockchains fully rollout it will cost far less power and money to put things on the blockchain than digitally secure them yourself

there are massive security costs to Databases people don't even think about with valuable things like tickets

right now decentralized Blockchains efficiency isn't there yet so it's extremely costly to run so the use cases aren't that obvious but it's about to scale to 100000x the capacity and throughput in the next few years and it will keep scaling