Gary Fung

And why would users just pay artists on their websites, what do they get in return? NFTs is a novel mechanism because of its guaranteed uniqueness and scarcity, and for music represents ownership endowed by the creator. The user is getting something scarce and perceivably valuable to collect in return.

And reading your following writing, it's clear to me that you don't know what the value prop of NFTs are. People buy them to collect, not to "listen". Purchasers are expected to do both, but enjoying/consuming and collecting/owning are separate things. Buying off iTunes and streaming have never been true ownership, they were digital licenses with infinite copies and revokable. NFTs on open blockchains allows ownership transfer like never before on the Internet

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That’s more fair. But as a dev, I see Cardano’s problem with slow dApps coming to deployment being that it's not just another EVM compat chain with little to add other than me too, I'm faster and cheaper than ETH.

Cardano is using an entirely different accounting model using eUXTO. It’s harder to wrap heads around as a programming model, but I believe in time it’ll prove to be much much more scalable. And verifiable with better transactional ordering and safety (from bugs and hacks) guarantees.

Regardless, I have some SOL, more ADA, and even more ETH. I'm not a maxi in any camp

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Gary Fung

Gary Fung

Enginepreneur. #Web3 building @ Boom.tv & MidnightSociety.com. Founder of isoHunt, WonderSwipe.com // I came. I saw. I built.