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Discussion on: Web3 - just your typical post!

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miketalbot profile image
Mike Talbot ⭐

So I totally get the use of block chain to democratize proof of "something" - I'd certainly like to be able to prove things without having to pay corporations to do it for me. Prove how much money I have, prove that I have achieved some qualification etc. I get it. I do not really "get" NFT - probably because I'm a boomer. I don't get owning something that grants no rights except to itself.

I suppose I do understand that ascribing value to something makes it valuable, and since all the banks dropped off the Gold Standard I guess I do think that something backed by a limited resource makes sense for BTC/ETH etc - so I get that.

On my wall I have a painting by the Scottish colourist Caroline Bailey. It cost me 10k, 20 years ago. I love it and it has value. I just don't see me buying an NFT for something today and feeling the same way about the investment... Then there is that case of investment wine I drank (ooops).

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GrahamTheDev

You covered just two of the many things that I "get" but don't get if that makes sense lol! We are just Boomers Mike, we are trying to hold back the future of the web remember!

Oh and I can tell you that "investment wine" will always be a pour investment (groan!) 🤣