blueski
Joined 16 years ago
Joined 16 years ago
I hate Ticketmaster as much as the next guy, but had a fine experience with the resellers (e.g. StubHub) which offer many things NFTs do not - like customer service (with an actual phone number), a centralized record if I lose my ticket, refunds if the seller mis-represents, no requirement to buy an asset that will likely fluctuate wildly in price, and transaction fees likely lower than gas fees. Not sold on giving up those benefits.
> If you want to pretend to own something valuable or be part of a community you can still do that. I don't really understand what that means to you. I guess that's a good follow up question, what does that mean to you?
I haven't been part of one of these communities, so hard to comment on the value of being a true member or just appearing to be one. If Bored Apes lost 99% of their value, would the community remain equally rich and engaged? What do they truly have in common?
> If NYTimes stopped making infinite memberships, paid monthly, and instead limited it to, say, 100,000 memberships and some of their operation was funded by a portion of royalties when one of the membership was traded, what would the memberships cost?
I'm skeptical limiting access to quality journalism and inflating the price can really be counted as a good use case. For a Soho House membership, I'd much prefer to pay a monthly rate based on what I'm receiving - rather than speculate that (a) they'll continue improving the offer, such that the value of my token will increase; (b) the broader NFT market won't crash.
Soho House's financial team would also likely want to project their earnings next year without making assumptions around sustained interest in NFTs.
Feels like the "access to physical events" problem was solved before NFTs.
> The "right click and save as" "screenshot" and "twitter photo" people would not have access.
But per original question - if I wanted to use any Bored Ape as my Twitter photo, is there anything stopping me?
Take your point re: additional digital goods being delivered on chain, just feels a little anemic vs the richness of everything else available for free (or behind a membership) online. If users didn't care primarily about price appreciation, not sure whether that part would be exciting.
Maybe it requires the collector gene to be enthused? If so, can these kinds of Web3 applications ever go mainstream as Web2 apps?
For example - Kevin Rose has minted 1000 NFT's for "membership" of his podcast VIP group. Users had to pay ~3 ETH (~$12k) for each one - but he hasn't yet told them what the benefits of holding will be, when they'll come, and how long they'll be offered for.
As a user, I might be prepared to pay a membership for these benefits (being able to cancel any time) - but why would I risk $12k up front, having no idea what I'm getting? What incentive does he have to offer beyond the bare minimum to sustain his reputation?
The only way it makes sense is if it's about pure price speculation. Can anyone enlighten me on how this is progress?
I'd love to find somewhere more affordable but San Francisco still checks a lot of boxes. Where else to consider?
Which NFTs include a central authority able to re-issue my ticket if I lose it, address mis-representation by sellers, give refunds if the performance doesn't happen, etc? Isn't that lack of a central authority - and its attendant downsides - core to the medium?
> Non NFT tickets fluctuate wildly in price.
Which non NFT tickets have fluctuated like Bored Ape NFTs this year, and which are highly susceptible to market sentiment for the entire ticketing medium?
> What are you still having trouble with at this point:
Trying to understand how many people I respect have such enthusiasm for a medium which appears to have many downsides vs the status quo - and not yet a killer app like e.g. Gmail, Maps, Facebook to justify the Web2->Web3 transition. No doubt I'm missing something, just trying to understand what.
There's been enthusiasm for smart contracts for 5+ years, but which mainstream consumer or B2B apps have yet implemented them for non-speculation use cases?
How would it be progress for the New York Times to restrict access to quality journalism - or for Soho House to expose its future cash flows to extreme market volatility?