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Comment by lekevicius | Hacker News Reader

Looks like OP's post is out of the homepage, so I can reply without downvote avalanche incoming.

I agree with your sentiment. It is probably the most exciting aspect of the internet, and digital ownership concept has a long and exciting road ahead.

I am also utterly baffled by how this sentiment is met on HN. Thoughtful responses are downvoted, cheap shots against this sentiment rise up. I no longer want to participate in discussions about anything crypto on HN, negativity is too strong.

And there is absolute irony that this is happening on a thread called "Jaded about the internet?".

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People have grown tired of crypto posts because we have been exposed to over a decade of marketing hype and still no concrete product or useful service has come out for the average person. Almost all of these crypto products die out after the hype, fail to deliver on their promises, or were outright scams.

I was personally interested in a bunch of them 5-7 years ago and feel burned when none of them have lived up to their promise and seem technologically impossible to fix.

The main winners of crypto hype have always been the ones selling something while the users get burned. I don't want to see any more crypto news until the focus shifts from making a quick profit to delivering useful services. All crypto news is focused on how you can get in now and profit later. NFTs are the latest part of this. I'd rather read an article on how the new postgres server lets you scale to more users or how UI research has helped accessibility.

> I no longer want to participate in discussions about anything crypto on HN, negativity is too strong.

And this is how the negativity stays so strong on HN. I get it, I usually just say my opinion on crypto, accept it'll most likely be downvoted, and try not to engage in a back and forth too much, but it's tempting just to let things on here be and have those discussions elsewhere because it's relentless.

Which just makes me wonder what other tech trends people on HN are being intentionally obtuse about.

I don't even mind legit criticism (environmental concerns are worrying for example), it's people saying provably false crap like "it's only used for money laundering and crime" or "it's just the new beanie babies" one line dismissal of a $2 trillion dollar industry (and has a larger market cap than physical silver) that's annoying.

I agree with both of you guys. It's clear to me that this sort of decentralization will prove to be revolutionary. People who immediately equate NFTs with JPEGs are idiots and don't get it. They won't get it until they're using them to buy and sell tickets to events, which is probably the next major use case.

Another thing that baffles me is the need to mention energy usage along with anything related to crypto. The complaint about energy usage is a normative claim that these technologies don’t deserve to use the energy they do, which is fine, but then it’s never backed up by an actual argument for why they don’t.

Additionally, this is a standard I don’t see applied to anything else that could be reasonably argued to be on the same level of “dumb” as anti-crypto people claim crypto is. Let’s see the same scrutiny of energy usage applied to every TikTok ever made. Let’s see it applied to the training of massive ML recommender systems that serve no purpose but to better target ads (this is one I have seen from some folks, but nowhere near as much as I’ve seen outrage over crypto energy usage). If someone says “well yeah, but at least those recommender systems have value, which crypto doesn’t!”, sorry, but value for whom? Certainly not users.

I’m disappointed that even on HN, there’s pushback against individual creators of digital content trying to capture some of the value they create. Individuals simply don’t have the resources to use the legal system to go after anonymous people online who steal their work, and they shouldn’t be expected to just give it away for free. So other solutions need to be tried, and NFTs are maybe one potential solution.

>They won't get it until they're using them to buy and sell tickets to events

I'm not really pro or anti-NFT. But, I will say that people frequently champion them by stating potential future use cases. I think it's unfair to do that as a basis for claiming current detractors have it wrong.

Right now most enthusiasts are heavily promoting the primary use case as essentially digitized files (be it JPEG or whatever--but mainly art).

So, that's the current argument, as opposed to some future wherein they supplant x or do y.

I'm not saying that enthusiasts can't be idiots, too. But the naysayers arguing against strawmen enthusiasts is getting pretty annoying, and it's pretty clear most of those people don't even know the technical definition of an NFT. The parallels, here, with criticism of the early internet is so obvious.

>naysayers arguing against strawmen enthusiasts

I hear you, but not sure who the "strawmen enthusiasts" are. The plain case that's being made for the accessible value of NFTs right now revolves around ownership of digital assets, full-stop.

But, when detractors point out their critiques of this use case, some enthusiasts pivot to "well, that's not all an NFT can do or will ever be". It's kind of slippery, and seems to be the straw-manning here.

>it's pretty clear most of those people don't even know the technical definition of an NFT

It's fair enough to say that NFTs are in their infancy. But, enthusiasts are selling the current use case really, really hard. So, maybe they are undermining your arguments for the future use cases of NFTs more than anyone.

And, really, technical definitions of NFTs (or anything) don't matter WRT adoption. What matters is what's been actually implemented of real value. You can't really fault people for not buying into NFTs based on the present-state. But, if other valuable use cases come to fruition, they'll come running. Thing is, their behavior could be considered rational now and then.

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