• 10 Posts
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Joined 1 year ago
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Cake day: June 20th, 2023

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  • Regardless of whether it’s eroding trust in cryptography today, I still assert it was a reasonable choice when the term was coined. Cryptocurrency depends fundamentally on cryptography.

    just because it uses sha256 as it’s proof of work doesn’t make it crypto, as it was essentially picked out of a hat.

    You could probably switch proof-of-work to use some non-cryptographic primitive with similar properties (maybe protein folding?) and it would still serve the same purpose, ignoring the economic problems. I will concede that point.

    Bitcoin still cannot function without cryptography. Each UTXO is bound to a particular key pair. Each block refers to its parent using a hash. If either of those were switched to a non-cryptographic primitive, there would be no way to authenticate the owner of a UTXO, nor would there be a way to prove the ordering of blocks. Removing cryptography from cryptocurrency would make it entirely useless as a currency.

    And for the signing of transactions, are we going to start calling bank checks crypto?

    Banks existed for a thousand years without the existence of cryptography. If you removed cryptography from RCS, you’d still have the rest of the standard for messaging.









  • The problem with copyright is that it cannot be automatically enforced. Twitter did do a trial with nft avatars, but yeah, people just got made fun of. It’s possible to tie a copyright license to an NFT if you want, but copyright and NFTs serve different goals IMO.

    Anyways, I don’t want to take up more of your time. Thanks for a very reasonable discussion! It doesn’t happen often.


  • I’m a furry, so I’m going to use an example that is familiar to me. Apologies if you dislike furries. Also note that, as far as I am aware, the general opinion of furries is strongly against blockchain.

    So, some setup:

    • I have a character. I pay artists to draw art of my character.
    • There is a… subgroup among furries that do not get art of their own, and instead use other people’s art as avatars/profile pictures for erotic roleplay.
    • I would prefer that I am the only one using my character’s art as profile pictures (erotically or not.)
    • Some furries sell their characters and associated art to other furries.

    Here’s how NFTs would actually be useful:

    Whenever an artist draws some art, they mint an NFT and transfer it to the character’s owner. Now that owner can prove to whatever roleplay websites that they officially have permission from the artist. The roleplay websites would need to allowlist artists for this to be effective.

    You could (partially) solve this with PGP or some other non-blockchain cryptographic tool. What NFTs offer above this is that there is only one current owner. That makes it possible to safely transfer ownership of a character to someone new.


  • Oh, sorry, I wasn’t intending to argue against your main point. For the most part, I agree with you.

    What I don’t agree with is that the value of NFTs (as a technology) is dubious. Instead I think it’s overstated.

    In the same vein as “LLMs can write Python”, NFTs provide ownership information. Regardless of what some asshat pays for a picture of a monkey, the underlying technology still has merit.