It's hard to imagine a topic less interesting than NFT. Anytime I read anything about this topic my primary reaction is astonishment that anyone cares.
This article is 5 months old, and talks more about NFT trade volumes than NFT prices. Having volumes decline from peak speculation is more a sign of market maturity than a market crash.
You can't post like this here. Since you've been breaking the HN guidelines repeatedly in other places too,
I've banned the account.
If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html.
I'd rather keep my shit for brains instead of trading it away to a scammer in exchange for a number on a blockchain we pretend is an image that has value because its on a blockchain.
my shit for brains isn't the massive scam and fraud that is the NFT 'market' and is infinitely more valuable.
have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house. its not about images. what about the scam that is the US stock market? take a look at Gamestop. there should only be around 300,000,000 shares of Gamestop, but there are BILLIONS of counterfeit shares created via naked short selling. THAT is the real scam. blockchain will help solve issues like that. pull your head out of your ass.
I’ll believe “whoever owns that NFT owns that house” when Sheriff’s deputies doing an eviction care at all. They don’t.
In the convoluted NFT marketing stunt you’re referring to even the contract that attempts to associate the NFT that is precariously tied to an LLC that owns the house has language for being able to reissue the NFT AND acknowledges that ultimately the registration of the deed with the clerk is record. So exactly the same as forever.
Even the most bullish of blockchain people who actually understand how anything works acknowledge that the oracle problem is real and NFTs and real world assets don’t mix.
>have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house
a court can still decide who owns the house, regardless of where the NFT is. If someone squats in your house you're going to need the existing legal system to deal with it, and they dont care about your NFT. The whole thing will still rely on the courts, the law, and law enforcement.
I recognize the distinction, but I don't believe it makes it particularly valuable.
The concepts are so abstract I have a hard time even discussing it. I'm not a collector or market person at all.
I'd be hard to convince buying anything of this sort of novelty. No judgement against those who do, I just grew up poor and protect my disposable income like a dragon.
The 'pointer' tells me the thing I reportedly own exists as a part of the chain, it doesn't certify any particular uniqueness or rarity, for example.
As long as it's affordable to mint, could I not could lob a personal attack and 'devalue' an NFT by cloning it? I suspect given the amount of speculation around these, it may even prove profitable for some time.
Yes, you could go and mint NFTs claiming to be authentic.
The same way you can try selling fake Rolex’s or picasso’s.
Any serious buyer would attempt to vet the items provenance to make sure it’s authentic. You might be able to pull a quick one on some, but that’s not unique to crypto.
A physical object with provenance is of significantly more historical significance.
A minted basketball card is actually even more anti-fragile than crypto. The crypto network may flop and cease to exist or be relevant. A card is a true artifact of sports history.
> is of significantly more historical significance
Hmm, maybe, or maybe a video representation of the moment, endorsed and co-branded by the league and the athletes, will come to be as valuable or more valuable than a physical photo print of that moment as represented by trading cards.
A trading card doesn’t survive a house fire or flood. How can a card be a true artifact of sports history when its also just a derivative product?
what does the agenda to a random conference have to do with the article topic aside from being about 'crypto', and what does it add to the conversation about NFTs here right now?
