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Re:NFTs Are a Dangerous Trap by gruez on Sunday March 07, 2021 @02:01PM (#26378650)
But the same dynamic exists with NFTs. The issuers can limit supply to ensure value for collectors.
Re:NFTs Are a Dangerous Trap by imtringued on Sunday March 07, 2021 @03:50PM (#26379645)
Physical goods have a counterfeiting risk. Is it possible to use NFTs to prevent counterfeiting by verifying that a product is genuine? If not then they really have no use. Physical goods need verification but digital goods can be replicated perfectly. A "bootleg" is just as good as the original so no verification is needed.
Re:NFTs Are a Dangerous Trap by gruez on Sunday March 07, 2021 @08:18PM (#26381426)
>Physical goods need verification but digital goods can be replicated perfectly. A "bootleg" is just as good as the original so no verification is needed.

The same can be applied to physical goods as well. Why do people pay millions for the original painting, even though they could probably get a replica that's identical to the naked eye for much less? Clearly they're interested in more than it being "as good as the original".

Re:NFTs Are a Dangerous Trap by K0balt on Sunday March 07, 2021 @04:31PM (#26379971)
Yes. That is precisely one of their best uses.

I'm a dev at pruf.io and this is one of the many things our platform is designed to do.