6 ms·
> A very simple example is that it could partially solve the problem of verifying digital identities. It does not. In fact, it reduces to the public/private ke
by adbachman 6y ago
> A very simple example is that it could partially solve the problem of verifying digital identities.
It does not. In fact, it reduces to the public/private key system we already have for verifying digital identities.
I have zero way of proving that I am the owner or creator of an NFT without the private key used to sign the original transaction. Why bother with an NFT and the complexity of a wallet when I can just sign whatever you'd like me to sign and you can verify it with the same public key that verifies my identity claim?
NFTs add _nothing_ to the equation.