You can think of NFTs as the digital equivalent of stadium naming: T-Mobile Park is not owned or even used by T-Mobile. But they paid for everyone to see their name attached to it. That's all NFTs do, which is not much, but it is not actually a new concept.https://twitter.com/fiddlemath/status/1442576159548399616 …
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As with all things crypto, the hype around them is completely unwarranted. But, like crypto, they _do_ correspond to something we have done already in the physical world, and to the extent that anyone actually wants to do that digitally, well, here you go.
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Replying to @cmuratori
What are the real-life benefits of blockchain tech today/near future? Instead of one entity (bank/state) running a cloud, you can run it collectively, hard to misuse power – is that it? Is it cheaper and more secure than a bunch of conventional servers? pls someone educate me!
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Replying to @lukaswestner
I do not know of any current or future potential benefits of blockchain. All benefits that I have heard claimed are benefits you could get in ways that do not involve blockchains. So I'm afraid I can't help here.
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I _do_ think there can be some short-term benefits of blockchain, which is to say that if there is a financial system shift partially to blockchain, then there will be a brief period of better functioning / less restrictive banking, since it is new and less calcified.
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