Re:Digital collectibles / NFTs on Instagram are winding down
by theK on Sunday April 09, 2023 @12:42PM
(#35504312)
Funnily I agree with these points. But I think they go a bit overboard with regards my initial comment.
Ownership does not imply security of the underlying object, digital or physical. Point in case, I owned my car when it was torched by anti globalism riots. Same principle applies to NFTs. Actually the real revolution of NFTs as "JPG ownership certs" is that they democratize art in that everybody can look at the linked JPG in full resolution but only one wallet can own that NFT.
Re:Digital collectibles / NFTs on Instagram are winding down
by illiarian on Sunday April 09, 2023 @01:50PM
(#35504878)
> Crypto was built to service AI, and more specifically, GAI
Wow. Retconning history has reached new highs. I mean, it's easy to do it, because crypto origins are in such a distant past of * checks notes * only the past decade.
It’s a continued fallacy that a physical thing may be secured by a crypto transaction (entry to a DAG).
Now, immediate identity and exchange of contract value, such as on Lightning, may be useful for compute resources, but only in the moment of inference.
Crypto was built to service AI, and more specifically, GAI. This is crypto’s “killer” use case. Everything else done with it is a sideshow.