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If you didn't get the sense that they are just a glorified bookmark list then it wasn't clear enough.
by th0ma5 6y ago
If you didn't get the sense that they are just a glorified bookmark list then it wasn't clear enough.
- astrange 6y agoThe people who named them don’t seem to realize they are not “non-fungible” since you can start another chain. And of course the NFT of a real thing is not the real thing, it’s a URL to a picture of the thing, so they don’t necessarily have the same owner.
- th0ma5 6y agoIf you used private key encryption on both sides you could securely transfer data between two parties, and prove that you did so in a way that is very hard to dispute. But like Snowden says, it is still unencrypted going in and coming out at the endpoints. It is very hard to watch my creative friends wish that digital data behaved like real world items.
- astrange 6y agoI think you can explain it pretty easily at least. A blockchain is a Google Docs spreadsheet. An NFT is an entry with the name of an item next to the name of an owner. Magic prevents other people from editing it, but you can just start another spreadsheet and put your name in there. Plus if it's the NFT of a physical item then you can just steal the real thing.