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Re:NFTs Are a Dangerous Trap by aklein on Sunday March 07, 2021 @10:05AM (#26376344)
Only in this case the value is stored in “digital gold”. Unlike gold, which is chemically stable, I’m far from convinced the digital format itself will end up sticking around long term.
Re:NFTs Are a Dangerous Trap by ThomPete on Sunday March 07, 2021 @11:18AM (#26377067)
Not sure about your definition for long term.

TCP/IP looks pretty solid to me. NFT is basically TCP/IP with memory, why shouldn't that be useful for all sorts of things?

Bitcoin is more like gold, NFTs are more like network based consensus validation of ownership.

Re:NFTs Are a Dangerous Trap by aklein on Monday March 08, 2021 @10:33AM (#26386769)
Right, but unlike TCP/IP, which is a stateless protocol, the validation of an NFT requires a specific blockchain. While Bitcoin and Ethereum seem to be “here to stay”, they both seem under constant competitive pressure from other blockchains.
Re:NFTs Are a Dangerous Trap by ThomPete on Monday March 08, 2021 @04:29PM (#26391849)
Silver and gold live side by side.