Oh, I believe it’s all a horrendous scam. I just like checking my own reasoning when someone suggests a genuine use case in good faith (and I assume good faith on this site).
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It doesn’t make sense to use as a DRM system for consuming music as it currently exists, but it could be used by artists to issue special privileges to legitimate owners.
I think the primary valid use case will still be closed or semi-closed ecosystems as previously stated.
“it could”
There is no need for NFTs or blockchain for this, you are not giving any unique functionality for the incredible waste of money and carbon footprint of this industry.
It can’t give anything new beyond the ponzis that rely on objectively bad and stolen art. The uniqueness is in the angle for grift, but the grift is the same.
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this should be a T-shirt
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(runs to mint screen shot of post)
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That is some BS about the music…can’t say I’m not amused about the NFTs…while I get it is art that is being stolen…NFTs just seem pointless to me…but I’m probably the a$$hole who is too ignorant to see the value lol.
Trust your instincts over the glassy-eyed wonder if those who would steer you towards fads and fallacies.
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There is no need for NFTs or blockchain for this,
There’s no need for a lot of standardized things that make some aspects of life easier. What of it.
for the incredible waste of money and carbon footprint of this industry
What’s the current carbon footprint of existing financial/DRM/ownership systems? We don’t have those numbers because they’re mostly closed systems and not available for public scrutiny.
Don’t let the “its complicated stuff”, “in the future…” refrains convince you otherwise: it’s not you, it’s them (whether they are in on the scam or not).
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It doesn’t make anything easier which is why you’re reduced to “it could”
Bitcoin can only handle a max of 5 to 7 transactions per second of transactions for the entire world, let alone the ridiculous cost of transactions.
All of crypto is less efficient than traditional centralized systems.
It is worse in every single use case you suggest, it sucks and the only reason to use it over existing systems is to steal realmoney™ from others.
Cryptocurrency is at least as old as the Android operating system and Android solved a lot of problems.
It will never amount to any value adds beyond scams, because the value adds suggested are a potempkin village, a series of not thought through “solutions” to problems persons don’t have.
For what it’s worth, I’m not saying that you are ripping people off, but you see this article and are repeating objectively untrue things about the ecosystem protecting anyone when the evidence is right here. It’s just ignored because of stars in the eyes or sunk cost into speculative instruments.
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A better question IMO is why are we adding an additional layer of carbon footprint for a global vaporware Ponzi scheme?
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Visa can handle billions of transactions, millions per second, blockchain 5 to 7 tops with the unclean energy usage of an increasingly larger European nation every computational re-adjustment.
That’s just one payment processor (which i can tell you plenty of real world problems with the industry, but none of which are made better by tacking on the new problems with crypto.)
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Time to start releasing on vinyl only huh
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Rant: Saw a job ad today for one of these omg-hyped-up-lets-make-everything-better-CRYPTOBLOCKCHAINZOMGZOMGZOMG-OKCLIMAXINGNOW… “makes the process of xyz better bla bla payment systems can’t deal with this type of blah blah blah”…
was sooo tempted to get busy in the comment section…
On point: looks like a radioplay of one of my collabs is on there, none of my own stuff tho. They probably took the most recent stuff first
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This reminds me of the old days of the internet. It was all public domain.
So why bother with the blockchain part then? The relevant parts of the problem are already solved in large part by existing systems, by your own admission. You’re proposing to replace an existing system with one which does the same job, but destroys the environment faster than any other technology for the equivalent functionality whilst doing so. Where’s the benefit?
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It was a lot freer before the incredible move to monetize all of our expression and interactions together, certainly!
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Yup, AND!!! You still need the damn payment processor when you want to take out your earnings. Crypto coin doesn’t put food on the table, possibly virtual food in a game, but if you want it to be somewhat usefull you still need to get real coin in your pocket.
Cryptobros just skip that part and leave it up to you to deal with yourself
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Yes, the flow outward of the entire ecosystem requires greater fools to have the liquidity to exit to realmoney™
Once USDC, Tether, and other stablecoin printers (invented to pump and maintain the price) go down it’ll be an absolute bloodbath.
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Taxes (in reasonable constituencies anyway) pool money for collective use. Governments aren’t ideal, but the reasonable ones offer a degree of oversight and accountability, and the promise of improved accountability. Crypto fees pool money into the hands of unaccountable capital-rich gatekeepers who will not make themselves open to change, can’t be elected, can’t be asked to represent the people because they don’t represent the people…
Tases are annoying, but they’re bound by law to be for the public good. If they’re not working for. you, fix your government. NTFs will not help with fixing your government.
(yes, I know fixing your government is really hard in a lot of countries… I know… but blockchain WILL NOT HELP in the countries where it’s hard. It can’t because blockchain has no guns)
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