| > In app badges are not valuable and have no standardized interface whether for vanity or transferring to another account not valuable in monetary sense, but valuable as "recognized as having a meaning" they can be assumed to be valid exactly because they are emitted with a non standard interface by some centralized entity who's the solely authoritative source allowed to do that. on the other hand NFT standard interface is meaningless, because the source cannot be verified. What value have an NFT emitted by opensee identical to one emitted by opensea? None. They both signed through a very complex and superfluous mechanism the same bytes, but that means absolutely nothing. Everybody can do that and when everybody can emit something, its value as unique item is NULL. Standard interfaces around say app badges could easily be solved by a wrapper api, assuming someone would want to do that. I assume nobody would want to, because the value is not in the interface, it's in the assurance that the "1 million karma points" can be assumed to be factually true, not just an arbitrary hash in an arbitrary list of meaningless transactions. > one very specific case that I don't actually know bothers you much more than other cases and you are applying it to the entire concept of NFTs NFTs solve no problem, but they create a lot of them. The only problem they solve is money laundering (crypto killer App!) You might not know it, but if you take a picture of Paris and publish it in a book, yo should pay the city of Paris. You might not know that it's illegal to take pictures of the tour Eiffel at night (I swear it is). If I publish those items as NFTs I can potentially make a lot of money and nobody can stop me. What do you think the incentive of such a black market would be? Find a cure for cancer or scam people? they are only another way for scammers and market abusers to transfer money from consumer pockets into their own, with the false promise that they will keep growing in value, while the infrastructure they rely on could easily die tomorrow and reach zero value overnight. With the current rise of energy prices and winds of war in Russia, crypto mining is exactly the first thing that's going to disappear, it's natural selection baby. |
Every "issue" you have with an artist or issuer making money simply says it is a functioning market. Which is the only standard of markets possible. I don't push potential external behaviors of the participants onto the concept of whether there are transactions happen ("curing cancer or scamming people" as if mutually exclusive), it is completely boolean to me:
if(isTransaction() == true) isMarket(true);
the consumers should check if it fits their risk profile.