flignats

The value of the NFT (EIP-721) standard is not the currency you may or may not extract from the representation (picture) of the code on the network.

The value is that it allows for ownership of a specific asset that cannot be argued against. It is immediately accessible, communicable, and you can verify ownership of said asset.

Instead of making nfts for land on the moon, replace the asset with property deeds. And replace/automate whatever you can cost efficiently in the property deeds process and infrastructure with blockchain.

It's the world's first globally accessible, decentralized, transparent, immutable ledger. Lots of value and future value that is being unlocked.

genie.xyz has nft swaps, not exactly like you've outlined but in the right direction.

it has always been a problem

Then you are not interested in finding out answers that do not agree with you. It is very clear that IP ownership has been disrupted with several positive, value-added mechanisms. This is no longer an opinion.

My guess is you will be able to look back at this comment in a couple of years and see why it was clear that some NFTs do have intrinsic value.

The NFT (Erc721) technology has started and will continue to disrupt so many parts of life that it is nearly unfathomable.

The technology was championed through artistic channels and we're still very early which is why it is the majority of the attention.

Some of these NFTs have intrinsic value simply for being the firsts/help create upon a technology that will continue to permeate through our culture and livelihood.

ETH past 3k in 2021

nope, Mark Rober did a video on this. It's urine and sweat.

It's the world's first globally accessible, decentralized, transparent, immutable ledger.

It's the world's first globally accessible, decentralized, transparent, immutable ledger.

>How? I'm pretty sure if this was true, everyone would be using it for database work now, except no one does. So these claims are baseless.

Business are doing exactly that. They are using private blockchains to improve their existing architecture and enable new features. There is also an entire 'altcoin' market around this.

> So these claims are baseless.

I'm not going to give you a report in HN comments. You should DYOR.

> Evolve what? You don't even seem to be sure and are just guessing that it's novel and surely has some value, but you don't know why?

I'm not the deciding factor in what bitcoin becomes and won't try to guess what its use cases will be. We didn't know why/what the Internet was going to be used for and then it grew and evolved into what it is today.

> Trillions? Where do you get this number from?

Bitcoin's leading use case is a store of value, sometimes referred to as 'digital gold'. It has several improvements to the store of value use case. Gold's market cap is ~$9 trillion. Bitcoin already has a $350mm market cap so trillion+ is likely in the next several years.

Most of what I stated are just facts, you can argue against them all you want. You don't understand why blockchain technology is so important.

No, you don't own it but it is a very simple way to understand why you'd want it as an investment.

As for why would you want that? Ledgers are a fundamental part of how many things work. Blockchain is an evolution of the ledger. It literally makes things faster, cheaper, more secure.

Bitcoin's blockchain will disrupt (evolve) something. The leading use case is a store of value. If that is to be adopted then bitcoin's value will be in the trillions.

The world's first global, decentralized, transparent, immutable ledger has come into existence. And you can own a piece of it by owning Bitcoin.

Who knows what it will be used for, but it will be used.