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Re:Why I have zero faith in crypto venture capitalists by arcticbull on Sunday June 13, 2021 @06:04PM (#27496973)
An NFT is simply a signed URL to an image. That the assets are NFTs are meaningless, because (a) they're only relevant in the context of that game and (b) there's no guarantee the hosting will remain (c) they don't come with a license to use or display the asset. No other game developer could create a game leveraging these NFT assets without being on the receiving end of a DMCA claim.

[edit] Just try and leverage some NBA Top Shots on your own website and let me know how that goes.

> But the point being I do believe theoretically there are "legitimate" applications where the decentralization of assets is useful.

It's been 14 years, it's not still early, there's just no "there" there.

Re:Why I have zero faith in crypto venture capitalists by indigochill on Monday June 14, 2021 @02:42AM (#27499933)
> It's been 14 years, it's not still early, there's just no "there" there.

Although I agree with everything else you wrote, I don't think this follows.

As a counterexample, Secure Scuttlebutt was created for a specific problem, which was that the creator was a sailor and wanted an offline-friendly social media platform. By using a blockchain, users would have a copy of the database locally that they could interact with and then synchronize when they either cross paths with other sailors (because as long as there's a local network, they can synchronize with peers without the need for internet access) or reconnect to the internet. In this case, the blockchain is relevant in that it enables the network to work independently of internet access and provides decentralized eventual consistency guarantees. A centralized solution would unavoidably require internet access.

It's not a million-dollar idea, and further development is fragmented due to there deliberately being no centralized leadership of the project, but it seems to fit its intended niche use case.