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A comment on Cryptocurrency is something people tell lies about in hopes of getting richer. Parent comment

Re:Cryptocurrency is something people tell lies about in hop... by maxerickson on Saturday September 25, 2021 @10:53AM (#28653640)
Physical goods would still need the same authentication if they were tied to an NFT, and may be rare as a consequence of their nature.

What's the value of pretending an easily duplicated digital thing is rare?

I realize that an NFT minted on a given chain is unique, but so what, that doesn't make it unique and interesting they way a baseball card might be.

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Re:Cryptocurrency is something people tell lies about in hop... by EVa5I7bHFq9mnYK on Sunday October 03, 2021 @04:11AM (#28735421)
Unfortunately, it is impossible to cryptographically sign a physical object (like what, enumerating all of it's atoms and their positions?). NFT is only valuable if the creator promises she will never sign any more identical objects in the future. And she is incentivized to do so by way of receiving royalties on all future resales.
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