Post
Topic
Board Bitcoin Discussion
Re: Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money
by
ETFbitcoin
on 20/02/2023, 11:18:46 UTC
For those who want to read on source website directly, head to https://www.coindesk.com/tech/2023/02/17/bitcoin-nfts-challenge-the-blockchains-largest-use-case-money/.

However, the emergence of NFTs on the Bitcoin blockchain is expanding its use cases beyond money, creating new opportunities for artists, musicians, and other content creators to monetize their work. With Bitcoin NFTs, creators can easily issue and sell unique digital assets and receive payments in Bitcoin.

But on practice, some/many (?) transaction (excluding creating/minting the NFT) happen on altcoin network by using wrapped Bitcoin.

--snip--
Bitcoins 10-minute blocktimes are an inherent drawback to using it for gaming but peeps have found ways around it through the years.

10 minutes is the download time of a small game imo. A 20GB game (for example from the early 2010s) could take from half and hour to an hour and still seem like a reasonable/good download time imo. If cryptos the same I don't think too many people would care (axie didn't mint your slp when you earned them, they were just staked until you hit the claim button - and that was on an native chain).

IMO it's like comparing apples with oranges. While people don't mind wait 10-60 minutes to download a game (since it only happen once), it's less likely they want to wait 10 minutes to receive digital items they bought.