NFT was SUPPOSED to just be a cheap and safe non-editable contact type thing that you can make with someone so that there can be no dispute as it’s fixed and unique. Then it turned into monkeys and that’s all it’s known for now.
In some ways, but receipts are generally given for useful things you buy. Not proof that you threw useless crypto at an even more useless entry in a star registry.
I agree. You don’t buy a receipt. The NFT itself is not valuable. What the NFTs are linked to is what is of value. All the NFT does is show who owns whatever it represents.
You can link NFTs to green energy certificates. It’s the certificates that are valuable, all the NFT does is show who owns the certificate.
The monkey jpegs are not what made bored apes interesting, it was the marketing and “additional features” that was valuable (to some people).
Yeah but it’s kind of a problem looking for a solution.
As in, we don’t need NFTs to keep track of who owns what vehicle because we have the department of transport (DMV?) to do that and it works well enough.
If you could replace certain expensive and time cosuming bureaucracy that would save time and money and fight corruption and identity theft I think that would be well worth it.
NFTs were just star registries. Pay a fee, and you can claim to own a certain star.
NFT was SUPPOSED to just be a cheap and safe non-editable contact type thing that you can make with someone so that there can be no dispute as it’s fixed and unique. Then it turned into monkeys and that’s all it’s known for now.
It was always a bad idea though.
That’s like saying receipts are a bad idea.
Um, no.
Um, yes. At the most basic, NFTs are receipts.
In some ways, but receipts are generally given for useful things you buy. Not proof that you threw useless crypto at an even more useless entry in a star registry.
I agree. You don’t buy a receipt. The NFT itself is not valuable. What the NFTs are linked to is what is of value. All the NFT does is show who owns whatever it represents.
You can link NFTs to green energy certificates. It’s the certificates that are valuable, all the NFT does is show who owns the certificate.
The monkey jpegs are not what made bored apes interesting, it was the marketing and “additional features” that was valuable (to some people).
No they’re not, they’re entries in a star registry.
No it doesn’t. Just like a receipt doesn’t show who owns something, an NFT doesn’t either. It just shows who spent money on something.
Yeah but it’s kind of a problem looking for a solution.
As in, we don’t need NFTs to keep track of who owns what vehicle because we have the department of transport (DMV?) to do that and it works well enough.
If you could replace certain expensive and time cosuming bureaucracy that would save time and money and fight corruption and identity theft I think that would be well worth it.
Would it really replace the bureaucratic aspect though?
You’d still need the government department to manage the regulations around what vehicles can be registered, and the practical aspects of transfers.
Really it’s just replacing the technology that department is using to store their data.