[miracle2k]

It's a spreadsheet that is a list of tokens created by artists, and the corresponding owner in the column to the right. That spreadsheet will survive the bankruptcy of any particular company, which gives the tokens a sense of permanence, and Benjaminian aura if you will, that you don't get from a ledger run by Google.

That is what is is, that is what people find it useful for. It is not supposed to do any other things.

[peoplefromibiza]

> It's a spreadsheet that is a list of tokens created by artists

or by people that found something slightly interesting and put it on the blockchain for money.

here's no assurance that some artist made it, there's no assurance the author is the one selling it, there's basically no assurance, apart that they are trying to trick people into thinking that it's an investment.

It's, in other words, a scam.

> That spreadsheet will survive the bankruptcy of any particular company

It won't.

Monuments in Rome have survived thousands of years and hundreds of wars.

98% of NFTs will last at max few months

> that you don't get from a ledger run by Google

at least I can sue Google if they publish on their ledger the hash of something I made and someone else sold without my permission...

> That is what is is, that is what people find it useful for

Please, don't try to sell me your snake oil.

That's the opposite of why people want them.

People absolutely don't care about the item, proof is that the majority of items sold as NFTs would never ever have a market outside of the speculative bubble (and in fact they never had one before).

[miracle2k]

> here's no assurance that some artist made it

Correct. I do not see how it follows that a NFT minted by the artist who made it is a scam.

> 98% of NFTs will last at max few months

You make this mistake because you think the url matters. It does not. It is the collectors job to ensure the art survives. Agreement on what the token represents, either ad-hoc or through a hash is enough.

> at least I can sue Google if they publish on their ledger the hash of something I made and someone else sold without my permission...

True.

> People absolutely don't care about the item, proof is that the majority of items sold as NFTs would never ever have a market outside of the speculative bubble (and in fact they never had one before).

There is a speculative bubble, but art will remain hard to sell the less it is a short-term speculative investment, but the creation of this previously non-existent market is indeed the contribution here. Without the market, the spreadsheet is not interesting.

[peoplefromibiza]

> It is the collectors job to ensure the art survives

it doesn't make any sense in this context

of course if I buy a painting i am responsible to maintain the painting, but the painting It's the item I bough!

here you're buying the URL, the only way to keep it working is taking over the maintenance of someone else's server, but only for that specific URL

Or I have to pay and there's no limit on how much it would cost

If i move the item to another URL, _it would be indistinguable from the billions of possible exact replicas_

hence NFTs provide no value at all

> There is a speculative bubble, but art will remain hard to sell the less it is a short-term speculative investment

art has a value if I can put it on display

[miracle2k]

> here you're buying the URL

But you aren't buying the URL, your are buying a ledger entry that represents an artwork, and there happens to be a URL attached for your convenience.

> The only way to keep it working is taking over the maintenance of someone else's server, but only for that specific URL

IPFS fits neatly in here. Anyone can seed a particular file they want to seed.