> A decentralized way of keeping ownership information. It keeps track of who owns what file, on the blockchain.
> ...except it isn't what is going on. You can't fit an entire file on the blockchain. So instead of storing the file, you store a link to the server which hosts the file, which makes it centralized, and defeats the whole purpose
It is literally a scam. And you all know it
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You supposed to keep file in IPFS but IPFS is shit.
i refuse to believe this NFT shit is real
nobody is really paying money for ugly money jpgs, right?
They are
Do you know how nightmarish it would be if people could just attach actual images to a blockchain, and then have it spread across every-bodies systems.
Not only would you have to deal with the problem of simply storing all that data.
But you would have to deal with the legal issues of it, e.g if somebody uploads revenge porn, goverment docs that shouldn't be published, cp, etc etc. Then that would be shared across all these systems.
There have already been cases of people dropping other people's doxxes on the blockchain.
They are because if they get enough retards to believe it has value (it doesn't) then they can cash out. It's a ponzi scheme.
Sure, but they are paying money
...except you often don't even "own" the file, since there is nothing stopping anyone from minting NFTs from content you do not own, other than standard copyright laws.
it's simply just money laundering, just like collecting real art
Yes, there's a 2hour documentation that really goes into detail about it:
youtube.com
And how there are people trading main ones, thinking they can sell it to somebody else. But eventually all of these things come to a halt when people ask themselves "who else can actually buy it", "why should it be worth this much". or "Is it worth the risk? vs other investment".
That being said, I wouldn't be surprised if we just see it fizzle out like crypto is.
They could store the hash in the blockchain. Then you could easily check if the person actually owns the file.
You retards know you are just giving NFTs more visibility by posting about them, right? I don't think you could be more ignorant.
Please tell me you included sage?
Scenario: I mint an NFT that lets owners into my secret club. How do you get in without using the NFT?
There, I just created value. Wow, amazing.
I mean, technically you could fit a file on a blockchain. The transaction costs would be absurd though.
Well, about that...
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Nope I support NFTs lmao get fucked
Actually you store an IPFS hash for the file.
Based idiot
I'm waiting for someone to actually be able to store a image in decentralized way then maybe just maybe NFTs won't be a meme to me
But I doubt that will ever happen or is even realistic possible
>actually be able to store a image in decentralized way
IPFS
>IPFS
It will never be implemented en mass because the people vested in blockchain and NFTs want to centralized everything and make it easier to economize.
The same reason why Etherium will never switch to PoS. The vested parties wanted to keep the current structure intact.
made a soijak nft
brb stealing your apes