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Sjlver
@sjlver
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 🙏🏼
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@672
I would draw attention first of all to the fact that this is an object of the digital world. You don't ask yourself what the point of paper is, right? Exactly the same here, it's just not very clear yet. If we talk about options for why exactly NFT, and not JPG, then direct property rights based on the fact of ownership and the impossibility of counterfeiting, the ability to make NFT programmable and much more.
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@sjlver
I'm confused... can you explain more? - property rights: an NFT does not confer these. That's copyright, a different concept. NFTs have little legal significance. - counterfeiting: it's trivial to make identical-looking copies of NFTs. Yes, users can carefully verify provenance in some cases. It's harder for other cases, like when NFTs are used as profile pictures. - programmability: Yes, I see this point. Yet most NFTs (pretty much all the ones minted on Farcaster) have no extra features; they are just glorified links to a piece of content. It's these mints that I don't grok.
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@672
- I mean actual ownership. For example, if you need to access a chat only for NFT owners. But I also think in the future the regulatory framework will be adapted. - I guess you don't mean NFTs, but their content, right? Because it's impossible to make an identical NFT. As for the content, like everything in this world, it can be copied, but the concept of the original does not disappear from this. There is the original Mona Lisa and there are countless copies. - Here I would say that most NFTs are just digital trash. Like in the real world, countless posters, advertising brochures, pictures of artists, etc. But perhaps you will be pleased to keep some of this as a keepsake or receive it from a loved one.
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