| > 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). |
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.