Comment on What happened to NFTs and what where they in retro spec?
otacon239@lemmy.world 1 day ago
You hit the nail on the head with the problem in your question. Other than a website that has a text banner that says “This person owns this” there’s nothing binding to prove that. Sure, there’s the actual computer work that goes into generating the token just like Bitcoin, but that’s only as useful as someone respecting its value.
It’s literally a badge that the outside world has to decide is valuable for it to mean anything.
DeathsEmbrace@lemmy.world 1 day ago
You could say that for everything though. NFTs are just another cryptoscam. Designed with “encryption for ownership” but, its a digital image. Not hard to steal an image in comparison to bitcoins. With A.I. even worse in value since they let everyone steal anything as long as you say it was A.I.
Rothe@piefed.social 1 day ago
NFTs weren’t even an image. It was a link to an image. NFT owners never owned the image, they just “owned” the link.
DeathsEmbrace@lemmy.world 20 hours ago
Yeah that’s what cryptocurrency is…