Farcaster

What is the point of minting someone's work? (honest question)

Minting seems to be a mix of bookmarking, sending money, and publicly liking something. Yet it's a strange bundle that does a mediocre job at each of these 🤔

Please help me make sense of web3 🙏🏼

Freelance software engineer, developing https://healthlearn.org, altruist, learner

Great question

it leads to value being sent and created that otherwise wouldn’t have. 

So when you’re sending money as you say, it’s a context where you wouldn’t have done that otherwise. 

In return, you get an object back. It’s a memento that may also accrue value over time.

Thanks, that's thoughtful!

Isn't the counterfactual something like patreon.com? Many people create/send value that way.

Accrue value over time... maybe that's the point I'm missing? Why would an NFT accrue value? It's literally just a link to an image/video file. It has no intrinsic value in most cases.