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by andybp85 1644 days ago
there's some cool stuff going on in the NFT space, e.g. my favorite band has been selling NFTs that come with access to stuff like concert videos and private events. the idea of NFTs as access to a community i think has merit - hey, if you buy a Porsche, you can go to Porsche owners clubs and stuff. nothing wrong with that.

that being said, the main reason I haven't bought one (i'd love to see the concert) is you have to use ether. that means taking on something like forex risk, plus costs money and time for what feels like the sake of costing money and time. if i could buy one of the things in dollars with a card or paypal, i probably would.

i get (at least some of) the ideas behind using a value token that's endogenous to and therefore in the control of the software ensuring trust, etc., but it seems to me that the cool parts of NFTs are somewhat negated by the cryptocurrency part of the implementation.

2 comments

> there's some cool stuff going on in the NFT space, e.g. my favorite band has been selling NFTs that come with access to stuff like concert videos and private events.

Why do you need NFTs for that though? Bands have been selling exclusive access to content for ages using regular old currency.

I'd say you owe it to yourself to use some play money to really just play with it for the sake of learning and playing. Worst case you'll continue to think it may not be worth it in which case you've lost some money on some NFT but have gained knowledge in return. I predict something will happen though, and you might find that the space is actually extremely interesting.