Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by chii on Wednesday April 12, 2023 @11:41PM
(#35550647)
> > NFTs is a really good use case.
> Honestly, I still don't see how. None of the explanations make any real sense to me.
I don't really think NFTs have a real use case, but i can see why it might. It is effectively a digital certificate of authenticity that cannot be faked. But like a physical certificate of authenticity, it is worth as much as the general market would place trust in it. And it isn't much, since collectors of digital goods currently do not value authenticity (realistically) - they value the actual digital good, and thus, a copy is as good as the "real thing".
Therefore, collectors can only really exist for physical goods, and thus NFTs don't actually provide much value, beyond the ability for someone to speculate with it.
> Honestly, I still don't see how. None of the explanations make any real sense to me.
I don't really think NFTs have a real use case, but i can see why it might. It is effectively a digital certificate of authenticity that cannot be faked. But like a physical certificate of authenticity, it is worth as much as the general market would place trust in it. And it isn't much, since collectors of digital goods currently do not value authenticity (realistically) - they value the actual digital good, and thus, a copy is as good as the "real thing".
Therefore, collectors can only really exist for physical goods, and thus NFTs don't actually provide much value, beyond the ability for someone to speculate with it.