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To me the absolute insanity of a unique digital thing in 2021 is that digital storage mediums are utterly, insanely fragile, even compared to paper, let alone a
by pmlnr 6y ago
To me the absolute insanity of a unique digital thing in 2021 is that digital storage mediums are utterly, insanely fragile, even compared to paper, let alone a laser engraved corrosion resistant metal sheet.
I understand unique value in a Black Lotus Magic the Gathering card, which will easily outlast any digital storage media you can buy today.
Aren't we getting a little ahead of ourselves by unique digital things when there isn't even a way to store it without a global network, slurping silly amounts of energy, and of what's hardware requirements is crippling the semiconductor availability?
- qqii 6y agoDigital redundancy requires replication, which means a global network. Redundancy isn't enough as it also requires consensus and security. Sprinkle some ownership via asymmetric cryptography and oh look, we've described destributed ledger technology. Most Art NFTs that enter the news cycle runs on ethereum. Ethereum not only processes NFTs but a multitude of other transactions for other projects and is a order of magnitude more energy efficient and already moving to become more energy efficient. This specific platform in on the Matic L2 sidechain which is again an order more efficient. There's even a specific blockchain called Flow by the creator of the first NFTs that are designed for NFTs.