simpler times

Comments

• NeilNuggetstrong@lemmy.world ⁨1⁩ ⁨month⁩ ago

  NFTs aren’t stupid. They just happened to be used in the most stupid way possible

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  • kautau@lemmy.world ⁨1⁩ ⁨month⁩ ago

    But also implemented incredibly stupidly. You are purchasing a url in a blockchain that points to a server a singular person or org owns in most cases. That gets rid of any point of the blockchain. With enough money I just buy that server, the image url you purchased is now under my control and now it’s porn or something unless you pay me to restore it. There were very few NFTs where the actual thing you’re buying is on a distributed blockchain rather than a pointer to a centralized and privately owned server. In programming terms it’s what rust does to prevent bad pointers with doc.rust-lang.org/…/ch04-02-references-and-borrow…

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    • Fuck_u_spez_@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Joke’s on you. Mine was porn to begin with.

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    • balsoft@lemmy.ml ⁨1⁩ ⁨month⁩ ago

      I think there were some (plenty?) of NFTs that were backed by IPFS.

      I think the fundamental problem with them is that the concept of “owning information” is ultimately absurd.

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    • diabetic_porcupine@lemmy.world ⁨1⁩ ⁨month⁩ ago

      But… but… mah decentralization!

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  • merc@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    No, they’re stupid.

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  • explodicle@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    Sounds like you’re about to become rich then.

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• RememberTheApollo_@lemmy.world ⁨1⁩ ⁨month⁩ ago

  NFTs were awesome. They took a lot of money from people who plainly had too much of it.

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  • dev_null@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

    Unfortunately the money went to other people who had too much of it.

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• merc@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  They’re still the stupidest thing I’ve heard of.

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