Re:Washed Up
by onion2k on Thursday January 06, 2022 @08:35AM
(#29823337)
People "buy" video games on steam, they "buy" films and tv shows and books from Amazon and they "buy" all sorts of things that we know technically implies a very weak definition of ownership.
I think people understand that, and consequently they're reluctant to buy from new players in the market. Launching an app store or a digital content store is hard. People will only be customers when they believe there's a strong chance the store will survive for a long time. That's why there aren't many stores, and the ones that exist are generally from pretty massive corporations that have deep pockets.
NFTs try to be the same, with less chance of survival, but crucially they also claim that the decentralized nature of what they sell means tokens will last even if the seller goes bust. That's not a lie; the token will survive. What the token points to won't though. You may understand that and be happy with it, but if you're selling NFTs to people without explaining exactly what it is you're essentially running a scam by preying on people's ignorance of tech.
I think people understand that, and consequently they're reluctant to buy from new players in the market. Launching an app store or a digital content store is hard. People will only be customers when they believe there's a strong chance the store will survive for a long time. That's why there aren't many stores, and the ones that exist are generally from pretty massive corporations that have deep pockets.
NFTs try to be the same, with less chance of survival, but crucially they also claim that the decentralized nature of what they sell means tokens will last even if the seller goes bust. That's not a lie; the token will survive. What the token points to won't though. You may understand that and be happy with it, but if you're selling NFTs to people without explaining exactly what it is you're essentially running a scam by preying on people's ignorance of tech.