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Obviously. That's not what I'm saying. What I'm saying is that someone can just as easily hack in and steal the key and forge new NFTs as if they were the artis
by deckard1 6y ago
Obviously. That's not what I'm saying. What I'm saying is that someone can just as easily hack in and steal the key and forge new NFTs as if they were the artist.
Which now, as someone else mentioned, you need a database of invalid NFTs. But if the artist's key is stolen, how does one create a database of "bad" NFTs? Now you have a bigger problem. Either you create a mechanism where a 3rd party can revoke an NFT or you create a separate ledger of "bad" NFTs. But how do you verify that new Beeble is Beeble and old Beeble is not Beeble. And now what if their key for signing the "bad ledger" is stolen?
Do you see how recursive this whole tower of trust is? At least with a central database the maintainer could restore a backup and notify all parties that they were hacked. With a blockchain, you're fucked. There is no "undo".
- viklove 6y agoGreat, so why don't you go create your central repository of art ownership, launch it to the world, and let me know how many people use it over NFTs. You don't get to decide what the best/worst solution is. We already have a mechanism for that called the free market, and the free market is disagreeing with you. Seems like your take on the world isn't as accurate as you believe it to be.