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Re:Web3 is centralized and inefficient by vmception on Wednesday March 23, 2022 @02:20AM (#30775550)
I think of them as digital digital picture frames.

A market for digital, digital picture frames currently exists and it has high margins. That is the extent of my thought on the what people are buying.

They aren't advertised that way though and the transaction receipt of purchasing the digital, digital picture frame can be a valuable asset.

Regarding where the images being viewed are stored, many are not following best practices and should be scrutinized for that, but that is separate from the concept of digital digital picture frames, as many do leverage the sales pitch of the technology pretty well and store the entire image onchain or pin them on another censorship resistant storage system.

But I think people overthink it. Who cares that people are buying digital digital picture frames? Just sell digital digital picture frames!

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @03:05AM (#30775799)
> I think of them as digital digital picture frames.

I don't understand this analogy. A digital picture frame lets me look at pictures. What on earth is a digital digital picture frame?

Re:Web3 is centralized and inefficient by vmception on Wednesday March 23, 2022 @03:22AM (#30775911)
A digital picture frame is a physical device that lets you look at preconfigured digital pictures. There is typically a mechanism for changing them, you purchased the device though.

A digital digital picture frame is a set of classes that lets you look at preconfigured digital pictures. There is typically a mechanism for changing the image, you purchased the set of classes, typically following one of the NFT standards.

Those are the ways at which they are similar.

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @03:27AM (#30775939)
But an NFT doesn't let me look at a picture. It doesn't have a display for one. The whole point of a digital picture frame is that it has a display. Is a browser a digital digital picture frame?

I have as much need for a specialised digital digital picture frame as I have for a digital paperweight.

Re:Web3 is centralized and inefficient by chii on Wednesday March 23, 2022 @04:01AM (#30776127)
The frame isn't _for_ you, it's for everybody else, and that frame shows (with proof) that _you_ own the picture.

That's why the mona lisa framed in the museum is worth more than a replica picture. It's not even the frame, it's the fact that there's a public broadcast of a form of ownership.

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @04:09AM (#30776168)
So, it's not like a digital photo frame?

> That's why the mona lisa framed in the museum is worth more than a replica picture.

The Mona Lisa in the Louvre is worth more than a replica because the Louvre owns it? That's an original take, I'll give you that.

Is that is the case, why does the Louvre own the original and not a replica?

Re:Web3 is centralized and inefficient by chii on Wednesday March 23, 2022 @04:18AM (#30776212)
> why does the Louvre own the original and not a replica?

so if somebody claimed that they owned the original mona lisa, and that the louvre actually has a replica, would you consider that replica to be more valuable?

Who's to say what is the replica then? Suppose the replica was perfect?

It sounds weird, but the fact that the Louvre is displaying the mona lisa is what makes it valuable. The fact that most people is unable to know (nor care tbh) whether what they see in that glass box is actually the original or a really good replica.

So what makes NFT any different in this sense? It's not a technological thing, but a social thing.

Re:Web3 is centralized and inefficient by vmception on Wednesday March 23, 2022 @03:52AM (#30776082)
well, this was fun, past tense. analogies compare the ways dissimilar things are similar, not the ways they aren't.

this is a thread about selling them and not asking why people are willing to pay for them. so what you or I need isn't relevant, if you don't want to buy one then don't buy one. if you want to make money, sell one. unless there was some point you were trying to make, in which case there are plenty of sister threads to make that point in.

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @03:55AM (#30776096)
You came up with an analogy that doesn't make sense.
Re:Web3 is centralized and inefficient by vmception on Wednesday March 23, 2022 @12:03PM (#30779883)
the similarity is that they store images for viewing

neuro-typical people got it

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @12:21PM (#30780098)
Except for the fact that they don't store images and can't display them, sure.

I'm probably too thick to understand it. But please keep repeating your bullshit analogy.

Re:Web3 is centralized and inefficient by vmception on Wednesday March 23, 2022 @12:39PM (#30780346)
can't have it both ways, they either don't [ever] store, or you're too thick

NFTs can in-fact store complete binary data and complete vector data. There are some examples and some production projects doing both of those things. But more commonly they typically load a URL to an image, and people prefer that instead of a URL that its on an IPFS URI, but people accept an IPFS proxy URL.

In all scenarios, a separate technology/viewer/website is used to access the standard method which returns the data to be interpreted. Which is where things are dissimilar. Analogies don't compare aspects that are dissimilar [0]. Any one similarity satisfies the criteria for an analogy.

[0] - https://www.merriam-webster.com/dictionary/analogy

Re:Web3 is centralized and inefficient by eru on Wednesday March 23, 2022 @03:21AM (#30775899)
Perhaps it's a digital frame for a digital picture?

(As opposed to a physical frame for a digital picture?)

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @03:27AM (#30775943)
Again, how is an NFT a picture frame? Is a URL a picture frame?
Re:Web3 is centralized and inefficient by eru on Thursday March 24, 2022 @01:22AM (#30786592)
Maybe? Not sure how the original commenter meant their metaphor.
Re:Web3 is centralized and inefficient by greggsy on Wednesday March 23, 2022 @02:35AM (#30775632)
I read moxie’s write up earlier in the year, but didn’t pick up on the lack of hashing. Incredible.