> but in the words of satoshi “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.”
This quote is funny, because the technology and cryptography is pretty understandable and doesn't require faith. What I have a qualm with is the economics. And the problem with the economics is that it's not value neutral. Sure, we could have a system where signed hyperlinks to jpegs have value, but do we want that? Who does such a system benefit? Are the incentives of such a system aligned with continued human prosperity?
Edit:
> there is no scarcity of information in NFTs.
This is contradicted by the hype around NFT gaming and "pay to earn". Every NFT gaming proposal I've seen seems geared around using NFTs to enforce artificial scarcity of digital items.
This quote is funny, because the technology and cryptography is pretty understandable and doesn't require faith. What I have a qualm with is the economics. And the problem with the economics is that it's not value neutral. Sure, we could have a system where signed hyperlinks to jpegs have value, but do we want that? Who does such a system benefit? Are the incentives of such a system aligned with continued human prosperity?
Edit: > there is no scarcity of information in NFTs.
This is contradicted by the hype around NFT gaming and "pay to earn". Every NFT gaming proposal I've seen seems geared around using NFTs to enforce artificial scarcity of digital items.