Sorry my question was poorly formed. You were talking about digital files being stored perfectly fine on a local medium. I was talking about new use cases for unique digital objects, and gave examples of different kinds of existing credentials/titles.
What if that digital file is the title to your car, deed to your home, your college degree, passport, driver’s license, etc?
Living in a digital world there are IMO fascinating use cases for unique (read non-copyable, self-custodied) digital objects.
What I’m not interested in are assumptions of limitations for things we barely understand.
Yeah I dunno man. NFTs at least allow for a softening of the walls in the garden. The potential is there for fun and interesting ideas like interoperability between games and game assets, and 3rd party platforms for buying, selling, and interacting with games and game assets.
At minimum it’s a combined digital proof of purchase and login credentials that you can custody yourself and transfer/sell at will without being forced to do so through the makers’ infrastructure.
People shitting on it seem to default to an oversimplified idea of what they are and can be, and a bad faith superiority on top.
That’s not something I get down with. I like new tech. I like experimentation. And I like seeing where things go rather than assuming I already know.
Nvm I misread your initial comment as saying they were shutting down their cryptocoin (as in a coin they launched themselves). Seems they’re shutting down the wallet bc it’s the most vulnerable to violating the vague regulations currently in place. They’ve still got the marketplace and recently announced a project called PlayR that looks to be a game streaming platform.
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The regulatory environment isnt doing the NFT-based game ownership model any favors.
What cryptocoin?
Can’t quite put my finger on it but something about this doesn’t sit right with me
Abusing terminology, especially by marketers, is frustrating and cringe. But don’t underestimate the value in having a simple, shared term to describe a paradigm many things fit into.
Wait is it black and blue in the thumbnail for this post? I forgot how much this messed with my head. I honestly see white and gold.
Totally
Insane? Yes. Unregulated, also yes. But if you remove the specific issues with bitcoin itself (like that it’s almost entirely used for speculation so far) and just look at the numbers you can see it’s not out of line for a brand new medium of exchange that starts trading at essentially zero but has the theoretical potential to be a major currency in world trade to have an almost unfathomable upside.
Mcap at launch: basically zero
“Mcap” of world trade: trillions (quadrillions?)
Depends how early, right? First days/months of bitcoin they were trading for fractions of a penny. What’s the ROI from $.0001 to $60,000? And in only 14yrs rather than 40.
I’ll have to check that out. I’ve enjoyed some of Vinge’s other work as well. The Peace War, Marooned in Realtime, and Rainbow’s End were all pretty great reads as I recall (been awhile).
Did you say sequels??? I’ve read A Fire Upon the Deep and a Deepness in the Sky. There are others???
¯\(ツ)/¯