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Re:It is difficult for the average person to conceive of how... by Spivak on Monday January 10, 2022 @11:33AM (#29877332)
Nothing you're saying disagrees with the posted Twitter thread. Without the IRL arcade prize counter agreeing to turn ownership of a token into a tangible privilege the NFT is worthless. And if you already have the prize counter then you don't really need the NFT since you have a central trusted authority. You could maybe argue that using an NFT is easier than minting your own system for arcade coins but binding goods to and transferring them between "accounts" (which you have to have already to access your goods) has worked for decades. The auction house in WoW, and the Steam marketplace has been doing digital marketplaces long enough to prove it works just fine.

> Why do so many here seem to be so proud of their lack of understanding of the value of NFTs?

I think most people are proud of their very concrete understanding of the value of NFTs -- which is zero to anyone not trying to make money on them.

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