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I am a big proponet of blckchains, but speculative nfts have no purpose. Using a blockchain to establish who authored tome work, thats a an actual use.
we already have that feature in our society, without nfts or blockchain. it's worked for hundreds of years
Blockchains are public ledgers of information. It’s neat. It can be a practical way to keep a ledger. Apparently some banks use a blockchain to validate transactions now.
It’s the whole hype about how it would change the world, and the incredible amounts of grifting that poison Blockchain for the public. For far too many people, it’s just another get-rich-quick scheme.
you can have a public ledger of information without blockchain, we've done that for thousands of years in far more efficient ways.
Block chains do not need to be, and most real applications are not, public. Signing signed work has existed for decades, and almost every single use of it is in a private application.
Copyright isn't the same, but moreover, it's not that it didn't exist. It's that blockchains remove a class of failures that exist in centralized beauracracy.
and replace those well-known, well-understood, workable failures accounted for by decades/centuries of law, with a brand new class of failures! and hurt the environment as a fun side effect
Yes, never change, never do new stuff. Also, human bureaucracy uses more energy than proof of stake systems.
An important part of changing and doing new stuff is recognizing how the change impacts the wider space. Just changing and disrupting things for the sake of change is likely ignoring all the details that went into the original system. Often, those details aren't even understood or known at the time, but someone 70 years ago encountered a situation, put a system in place, and it worked ever since.
The past 15 years of big tech disruption of existing systems is a good example of this. We changed so much about so many institutions, and so so much of it turned out to be for the worse.
During the pandemic I had a few friends that endured severe mental health problems due to the fact their GPU's died in the middle of the height of bitcoin bullshit. One couldn't do their job, and neither could socialize through the games we typically loved to play together. They became further isolated during a time of physical isolation.
Ever since then I've been completely against bitcoin. I understand they allegedly made the process less GPU heavy now, but I won't forget that human suffering took place for literally no good reason other than a pyramid scheme preying upon ignorant and stupid people.
So yeah, fuck crypto. People need to find another way to do that shit.
I'm not a block chain defender in any sense, but you don't have to do the idiotic proof of work crap to make block chains actually usable. You and I can sign something with a key, for instance. And the signing of signed data creates the "chain". No worthless CPU usage, no idiotic "proof of...". You know it's my key, I know it's your key, we know the order of signing. Done.
All the hype nonsense was just grifters trying to steal money. And crypto currency has absolutely no purpose whatsoever.
How does it establish who authored a work? The only thing the blockchain can be guaranteed to prove is who first registered it on said chain, which absolutely doesn't necessarily mean the author. Immutability doesn't do anything to solve the garbage in garbage out problem.
Digital timestamping existed before blockchains
It might be useful for artists to register all their work so grabby AI companies can't just use it as training data because it has digital ownership.