Blockchain is cool but not useful for money. Or NFTs by themselves.
Nike has a patent for using NFTs bundled with sneakers to verify authenticity, so you own a thing plus a receipt instead of owning a receipt that's a pointer to a jpeg you don't even have copyright on. IP law is dumb and they probably shouldn't have been given a patent on it but that's probably the only good use I've heard of because of the resale market.
Crypto bros jerk off to technology itself instead of what it can be used for.
At this point I've submitted to the fact that I'm not gonna understand NFTs but I'll take ur word for it that's any different from a company keeping record of a purchase as normal.
That's usually a good rule whenever NFTs are brought up, asking "how is this different than a central database and why bother with NFTs". The answer is usually when you can trust absolutely no one involved (database controller, buyer, seller).
This NFT could be useful because if you're buying a shoe off someone, you know they didn't manufacture a bunch of shoes with the same serial number and sold off copies to other people. And it's not exactly easy keeping a record of who owns every Nike shoe ever sold and what that chain of ownership was.
There is also probably is a way to use cryptography to verify the shoe is really the one tied to the digital asset (maybe an NFC chip in the shoe or something).
Most of the patent isn't technical stuff though, it's more gimmicky bullshit like "breeding digital shoes" because they wanted a patent on something and it wouldn't be granted for more general use case. It also doesn't outline technical details because I'd guess it would probably use other existing stuff and it would be giving away the tech.
The useful stuff in that patent probably isn't going to come about until crypto bros realize they're trading Dutch tulips which will be a while. So it's mostly gimmicky stuff that will be used to make money off crypto bros.
I appreciate the attempt to explain but I can't overstate what a boomer I am when it comes to tech. Or sneaker resale culture, I don't k ow any of the underlying factors other than people scalp them a lot. So I'll take ur word for it that this one can be useful.
"its good for scalpers" isnt the argument for crypto u think it is, it just makes crypto part of the cloth that makes up the poopy diaper of capitalism
I don't buy very expensive sneakers, but I do hate buying vintage sports stuff for the reason of not having good guides on what's fake.
AliExpress sells brand new old-design jerseys, but sometimes I want something authentic and people on Etsy do a lot of selling of the stuff from AliExpress but for more than twice the price it is there. Sooooo many dropshippers on Etsy it's stupid. Only way to get good stuff is using trusted vendors, you're rolling the dice buying stuff off some person on eBay/Etsy.
I don't really care about scalpers, landlords are house scalpers and that's way worse than having to wait a year and a half to buy a ps5 which I don't give a shit about, or sneakers where you can buy a comfy usable pair for normal prices, just not the limited releases.
Blockchain is cool but not useful for money. Or NFTs by themselves.
Nike has a patent for using NFTs bundled with sneakers to verify authenticity, so you own a thing plus a receipt instead of owning a receipt that's a pointer to a jpeg you don't even have copyright on. IP law is dumb and they probably shouldn't have been given a patent on it but that's probably the only good use I've heard of because of the resale market.
Crypto bros jerk off to technology itself instead of what it can be used for.
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I mean I buy fake sports jerseys all the time only because they're 90% as good for <1/5th the price,
But if I paid full price for a jersey and got a fake I'd be pissed.
At this point I've submitted to the fact that I'm not gonna understand NFTs but I'll take ur word for it that's any different from a company keeping record of a purchase as normal.
That's usually a good rule whenever NFTs are brought up, asking "how is this different than a central database and why bother with NFTs". The answer is usually when you can trust absolutely no one involved (database controller, buyer, seller).
This NFT could be useful because if you're buying a shoe off someone, you know they didn't manufacture a bunch of shoes with the same serial number and sold off copies to other people. And it's not exactly easy keeping a record of who owns every Nike shoe ever sold and what that chain of ownership was.
There is also probably is a way to use cryptography to verify the shoe is really the one tied to the digital asset (maybe an NFC chip in the shoe or something).
Most of the patent isn't technical stuff though, it's more gimmicky bullshit like "breeding digital shoes" because they wanted a patent on something and it wouldn't be granted for more general use case. It also doesn't outline technical details because I'd guess it would probably use other existing stuff and it would be giving away the tech.
The useful stuff in that patent probably isn't going to come about until crypto bros realize they're trading Dutch tulips which will be a while. So it's mostly gimmicky stuff that will be used to make money off crypto bros.
I appreciate the attempt to explain but I can't overstate what a boomer I am when it comes to tech. Or sneaker resale culture, I don't k ow any of the underlying factors other than people scalp them a lot. So I'll take ur word for it that this one can be useful.
"its good for scalpers" isnt the argument for crypto u think it is, it just makes crypto part of the cloth that makes up the poopy diaper of capitalism
I don't buy very expensive sneakers, but I do hate buying vintage sports stuff for the reason of not having good guides on what's fake.
AliExpress sells brand new old-design jerseys, but sometimes I want something authentic and people on Etsy do a lot of selling of the stuff from AliExpress but for more than twice the price it is there. Sooooo many dropshippers on Etsy it's stupid. Only way to get good stuff is using trusted vendors, you're rolling the dice buying stuff off some person on eBay/Etsy.
I don't really care about scalpers, landlords are house scalpers and that's way worse than having to wait a year and a half to buy a ps5 which I don't give a shit about, or sneakers where you can buy a comfy usable pair for normal prices, just not the limited releases.