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NFTs are paying for a signature in a blockchain that links to a random URL. If you're lucky, it's IPFS and it'll go down when people stop hosting it. If you're
by ohgodplsno 6y ago
NFTs are paying for a signature in a blockchain that links to a random URL. If you're lucky, it's IPFS and it'll go down when people stop hosting it. If you're slightly less lucky, it's whatever platform you went through that's operating an IPFS tunnel because cryptobros can't figure it out, and it will go down whenever your flavor or the month NFT site goes out of business, which is any time between six months and 5 years. IF you're even less unlucky, it's just a random link to a website, and I can't wait for people's art to be replaced with penises because that's what happens to hotlinkers.
- antonvs 6y agoIs it not possible to put the "owned" data itself on the NFT blockchain? If so, that does seem like a serious flaw.
- ohgodplsno 6y agoIt _could_ be possible, although prohibitively expensive. https://twitter.com/jonty/status/1372163423446917122 https://twitter.com/jonty/status/1372163423446917122 for more context.
- Dma54rhs 6y agoData on blockchain is too expensive. Or to be more exact blockchains people actually use or care about.
- classified 6y agoAre there blockchains that people actually use or care about?
- deleted 6y ago[deleted]
- steveharman 6y agoFilecoin is a possibility here (based on and created by the IPFS folks)