It's not like musicians are going to create NFTs directly, they're too complex, a company like TicketMaster will just provide NFTs as a service, put encrypted data in them, and we're back to square one. Nothing about NFTs inherently prevents this.
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Replying to @FallowWing @grumpygiant and
My point exactly. 100% of the things people say are benefits of NFTs are just benefits of _services_ people build on top of NFTs that they could just have easily built on top of something else.
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Replying to @cmuratori @FallowWing and
Much like BitCoin, I have yet to hear a single example of something that is a benefit that can only be delivered by the underlying crypto technology.
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Replying to @cmuratori @FallowWing and
People need to stop saying "but what about this use case", and just stating the use case. You have to say why, given a service that implements the same thing, they couldn't have just used a MySQL server as the backend instead of a blockchain.
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Replying to @cmuratori @FallowWing and
I wrote up an explanation, though I barely understand it myself. http://www.codersnotes.com/notes/bitcoin/
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Replying to @grumpygiant @FallowWing and
I literally couldn't understand any of it: 1) How does Alice NOT know how many turnips she supplied? 2) How does Bitcoin help? Bitcoin says how much money _you know about_ got transferred. But it doesn't prevent people from just selling turnips off-chain?
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Replying to @cmuratori @FallowWing and
It’s not the number of turnips that’s in question but the price negotiated for them.
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Replying to @grumpygiant @FallowWing and
OK then just #2 then. The cartel sells them on-blockchain to a shell company for the price they wish to report, then that company sells them in their own separate market for whatever price they want.
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Replying to @cmuratori @FallowWing and
Because as long as the blockchain exists it outpaces any separate market or attempt to fork it (I think?). Bear in mind why would you buy from a separate market when you could see the real price on the blockchain and buy direct from the source?
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Replying to @grumpygiant @FallowWing and
Again, I don't understand at all. That is already true before BlockChain. You can already look up on-line what Alice sells turnips for. So if the answer is "because you know the price", well that was already true.
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So the only thing that could be at play here is if people didn't know the price, or were getting a service from the middleman (transport, etc.). I don't even understand how this structure occurs if those things aren't already true, separate from the BlockChain?
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