At scale we’ve been building completely decentralized applications for a decade and a half. They’re just internal to some organization not public. Taking this and placing the database in the users hands is an interesting way to go but not exactly an order of magnitude more complex at that point.
But this doesn’t require some dumbass blockchain currency and ethereum is super forced.
That's because technological decentralization is much easier with political centralization.
But technological and political decentralization together is incredibly difficult.
In my experience, federated systems are more practical than decentralized systems and provide 98% of the benefits.
I agree that cryptocurrency is not necessary (or ideal) for either.
Spoilers: - saying "but there is fraud" is not an argument agaisnt NFTs, because actually an automated solution for NFT fraud is conceivable. And the fact that there is fraud does not take away from the thousands of artists using it legitimately. Plus, authenticating you are buying from a real artist in the NFT space is actually not that hard.
Saying something wrong many times doesn't make it right.
They are signed URLs that you can trade around on an exchange. This solves no problem that anyone making art has ever had.
Yeah NFTs did exactly this and they’re doing a decent job. If you’re a digital artist it was really really hard to get people to buy your art without a gatekeeper/art gallery certifying it. Now it’s easy. So yes they work for specifically that purpose.
If you think coffee shops are a substitute for digital art to be sold in a permissionless global open market I don’t know what to tell you.
just curious because I haven't seen a practical use for the EVM, it just seems like the slowest, most expensive VM ever conceived.