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by Izkata 1621 days ago
> No one can have the same piece of paper without having that actual paper

You seem to have missed what the analogy is: The piece of paper is the blockchain record, the thing that can be exchanged with other people, not the art or whatever at the end of it (hence why a URL on the paper was mentioned).

It's a great explanation for non-technical people.

1 comments

Misleading explanations are never great. Sure, abstract it a bit to make it easier to understand, yes that makes it great for non-technical people. But misleading them to "prove" your point? Never great.

Anyone with a basic understanding of NFTs will immediately see that you don't understand what you're talking about if you use that explanation, as NFTs have nothing to do with URLs, art or whatever. It's simply a currency with the total supply being 1. Nothing less, nothing more.

Confusing that with the whole "NFT Art" space is just doing everyone a disservice, as there are people who actually understand NFTs, and are against them, but based on their actual capabilities, not some fake thing you've made it.

> It's simply a currency with the total supply being 1. Nothing less, nothing more.

Yes, exactly like that unique scrap of paper, of which there is only 1 in existence. The fact that OP wrote an URL on it is not important, it could have been a sticker, or a coffee mug stain, or even nothing at all. The scrap of paper is guaranteed to be unique since you can never rip out the same piece of paper again, the fringes would be all different

I find it a good analogy