My mom teaches an art history course and her students (many of them graphic designers) are asking her about NFTs
Like me, she's skeptical of NFTs, and she is looking for informed critiques of them so I'd like to know if any of y'all have good articles you'd like to share
Conversation
This one is pretty good – talks about the tech in an accessible way, and then discusses the social issues behind the technology:
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N*Ts are only a part of this stuff, but this this author suggests that despite the claims of decentralisation, this tech has the potential to lead to even more centralisation and inequality:
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I don't agree with some of the technical points on where N*Ts might be useful (there are usually better, simpler solutions to stuff like ticketing etc), but this was an interesting look at them from a YouTuber who's usually more interested in art critique:
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Just finished watching this. It was long, but seemed pretty comprehensive on a sociological, economic, and technical level, analyzing why they might have emerged (following the GFC), and the fundamental flaws and issues in how these systems work:
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This is a really good video. He makes a lot of little errors tho that really ground on me while watching it haha. But still broadly speaking I think he gave a good impression of the situation
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If you have time, could you explain some of the little errors that stood out to you? Interested in learning more! 😅
thread of the bigger errors
1. he conflates mining and minting which are completely different things
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2. he said that mining is the process where nodes compete on who gets to validate the next block, but that's not correct, every full node in theory should validate every block, mining is when nodes compete on who gets to create the next block
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