NFT projects are just MLMs for tech elites

Re:NFT projects are just MLMs for tech elites by chinathrow on Friday October 01, 2021 @05:15AM (#28716226)

I'm not convinced. Art galleries are easy to launch, even in 500 years time. What you're describing is hard to do.

[ Parent | on HN ]

Re:NFT projects are just MLMs for tech elites by Tenoke on Friday October 01, 2021 @05:27AM (#28716288)

I can fork a centralized copy of a chain much more easily than I can start a gallery.

[ Parent | on HN ]

Re:NFT projects are just MLMs for tech elites by chinathrow on Friday October 01, 2021 @10:03AM (#28718557)

Sure you can do that right now. But my point was more: physical objects can be traded easily in the far future.

We can hardly rebuild stuff from source after 20years time, so I'm pretty sure you will not be able to revive long dead blockchains as easy as renting a space to trade physical objects of collectible value.

[ Parent | on HN ]

Re:NFT projects are just MLMs for tech elites by miracle2k on Friday October 01, 2021 @11:30AM (#28719756)

My point here was more akin to saying: Sure, if no one cares about your NFT, or the chain it is on, then yes, it's worthless. If you want to be the last one to care, keep a copy of the chain.

The physical equivalent is a worthless painting that no one cares about and your grandchildren throw out.

[ Parent | on HN ]