Hacker News Reader

Comment by rvz | Hacker News Reader

See. They know it is a scam.

These types of NFTs will be the first to fall when the buyers realise that the NFT sellers are running out of ideas for their JPEGs and remixes with no-one else left to buy them.

The right-click-save people will soon declare victory of the fight overall, given that these fake NFTs will both lose this small fight. But it won't be the last of NFTs in general.

Someone will find a 'killer-app', that uses NFTs.

View on HN

Do you mean a killer app like money laundering or tax fraud?

Now that you mentioned it… fine art serves a purpose of legal tax avoidance, and NFTs can do that too if they get dialed in just right.

So what’s the free port equivalent for NFTs? Or are they just not bothering with that step?

What do you mean by "free port"?

https://en.m.wikipedia.org/wiki/Free_economic_zone

A decentralized concert ticketing system, but then again do you really need a decentralized system for that :p

Maybe land/home ownership rights just transact and you'll be the new land/home owner no need for government interference and administration costs. Here in the Netherlands its a good 3~4k of costs you need to pay up, you can get a part back when filling taxes.

When someone steals your cryptokeys and makes your house theirs, I'm sure you would have wished you could have paid 3-4k for a central authority to reverse the transaction.

I would like to see NFT as actual non fungible money token.

Like a QR code that can be scan once, then change a state on-chain once it’s done.

And peg to a stable coin.

Could that allow to “print money”?

Maybe some wallet can already do that.

Do you mean non-transferable not non fungible? You can make that, for example to use as NTFs for permissions to enter a DAO where membership is not transferrable.

I would like to print a QR code that is worth 10 bucks, being able to pass is around as I please while being protected about double spending. Only one scan is possible

I think its doable. You implement minting contract to be triggered by scanning QR code, and each minting contract to self-destruct/stop working after minting one token. You also need to have a treasury where the 10 dollars would live, either another smart-contract prefilled with stable coins that are redeemable from sending the token to the contract.

Reply on news.ycombinator.com