moormaan@lemmy.catoTechnology@lemmy.ml•The vast majority of NFTs are now worthless, new report shows
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1 year agoOk, ok, hold on - what’s being sold here? A link to a digital asset or something else? If it’s a link, I still don’t get the point. Does that link (or whatever it is) confer some kind of license? What’s the use case for faking this data and why are we defending from this?
Blockchain mathematically guarantees trust… for info stored on the blockchain. What guarantee do you have that this info matches things that happen in reality?
If you say: we need a social contract to ensure people update the blockchain, then I say: that defeats the purpose of the heavy lifting you need to mathematically guarantee info on the blockchain is genuine. Let’s just have a social contact to pay the artist when appropriate.
I don’t see what other way could exist to keep the blockchain and reality in sync.