this post was submitted on 14 Mar 2024
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The data wouldn't be stored "on the blockchain", that would be incredibly inefficient. Even with NFTs which were mostly only JPEGs, the blockchain only stored a hyperlink to the file on a server somewhere. You couldn't keep a 2GB movie file on a blockchain. So it really doesn't solve any problems, as you're still relying on a server somewhere to host your media for you. How exactly does that benefit anyone?
I, totally, get that you can't store large files on the blockchain. It's just how I generally refer to it. What I had in mind was something more along the lines of the file, or what have you, being on the blockchain but hosted on IPFS or something. I get peer-to-peer isn't ideal, but I've always like the idea of decentralization. I think the only significant things to actually be on the blockchain would be contracts and things of that nature. I regards to how it could benefit someone, there's definitely utility in it for financial matters. Such as stock market transactions. It would be nice if there was more insight into how companies use ATSes, or swaps (considering things like swap disclosures for certain things tend to get pushed back years and years, and the Swiss gov doesn't want to disclose certain financial matters about UBS absorbing CS for 50 years). But, all that aside, I think the most promising aspect is the ability for it to be incorporated into games. Having gamers be able to obtain skins, weapons, armor, etc. and have that be traded outside of a walled-garden. And, hopefully there's some interoperability with those things, between games, in the next few/handful of years. Not saying it's destined to happen, but it certainly would be nice to see.
You're just saying a bunch of things that don't actually mean anything now. I don't even know what you're trying to say with the financial stuff, but with the games stuff, how is there utility in trading a skin outside a game when you can only use it in that game anyway? Besides companies would have to adopt that tech. How is having a public ledger proving you own a skin in BigShinyGame worthwhile if in order to use that skin you have to log into your account on BigShinyGames servers and use their matchmaking service. If you're relying on a company to host a multiplayer game for you anyway, why not keep relying on them to host your items? If the game goes away so does all the value of your stuff.
I'm sorry if you think financial accountability and the ability to trade/sell items outside of a walled-garden don't mean anything. And, I don't know if you missed it but the fact that there could be interoperability in games answers your question. I know, it's not a thing now, but that doesn't mean it can't be. The internet wasn't a thing in the early 90's and no one could have imagined what utility it would have brought 20-years down the line, but here we are. Let me put it to you like this, regardless of how you feel about it, does it negatively affect you to have more options? Why are you on Lemmy when there's Reddit and Facebook? The tech doesn't negatively affect you, and regardless if you think it has any utility or it's dumb, that doesn't mean others share your opinion. Even if those people are the minority, does it mean we should tell them they can't do something just because we don't like it or can't see the benefit in it? Literally, of all places I would have assumed Lemmy users would have been more open-minded and tolerant of things. lol... Have a good day.