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Comment Re: You don't need NFTs to allow selling or transf (Score 1) 93

> All of their uses cases today rely on central authorities, which negate the need for the NFT in the first place.

Not really. The blockchain doesn't rely on a central authority. Each entity can publish to the blockchain *and* can read the blockchain. But they can't alter the blockchain or change history as they could in their own database.

Let's say Activision mints tokens for "Call of Duty" skins. Users can trade the tokens, blah, blah, blah, they get the skins in the game. But *anyone* else can read the blockchain.

Take a "Call of Duty" message board, completely unaffiliated with the game. Since users can prove they own a token the message board can use that information for whatever: to allow those users to have a different display or tag or access or run a poll "Who here with Skin X uses it often?" and only people who actually do have Skin X can vote.

Soon "Destiny 4: Gleaming the Cube" is released and people start trading Destiny gear for Call of Duty gear. Two different publishers. One blockchain. Fully capable of interoperability.

This is of course a trivial example. There are so many possibilities for NFTs that it's impossible that there isn't at least one that will take off. I feel like it's the 90s people telling me why email won't be a big deal or the early 2000s that movies are too big to be practical to pirate or stream.

I guess the TLDR would be: Centralized databases can be changed arbitrarily, blockchains can't.

Comment Re:You don't need NFTs to allow selling or transfe (Score 1) 93

> That's what NFTs are like to me, except they aren't even unique, not really. And everyone with 2 brain cells to rub together knows it.

Have you ever bought tickets to an event with assigned seating? All the tickets look the same, but they cost different amounts. Because you're not buying the *ticket* you're buying access to a seat and the ticket is just a token that you have indicating said access.

So none of the tickets are the same. They're non-fungible tokens. Some get you into VIP areas and free stuff and some only let you go to the nosebleeds.

Tickets can be easy to fake, though. Big games the the Super Bowl end up with a ton of people with fake tickets super pissed that they can't get into the game and don't have their cash.

So instead of using tickets as your NFT you use a blockchain NFT and app. This way the NFL issues the NFTs for the seats. When buying a ticket you can see that the NFT was issued by the NFL and is valid, then the NFT is moved to your wallet. That can't be counterfeited. No fake tickets scams.

Apply it to artwork to ensure provenance.

NFTs are tokens. That's it. Nothing special about them. Just like a car title is just a piece of paper that holds no value, but as it's a token for ownership of the actual car.

Except that NFTs are secure and can't be forged or counterfeit.

Comment Re: So: Trust us, we lied to you for years (Score 3, Insightful) 158

So, I break into your house and sitting on your sofa, I am not a trespasser until convicted. If I kill you, I am a murderer. If I am convicted, then I am a convicted murderer. If you addicted to drugs, you are a drug addict, whether you are convicted or not.

You ignore the fact that by being in the country without permission is illegal. While here, they are accruing illegal presence.

Maybe you don't understand the law.

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