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>>NFTs are a scam and are retroactively obsoleted by digital signatures. A credibly open and neutral protocol for holding and trading digital assets is not som
by CryptoPunk 5y ago
>>NFTs are a scam and are retroactively obsoleted by digital signatures.
A credibly open and neutral protocol for holding and trading digital assets is not something digital signatures can provide alone. Digital signatures do not solve the double spending problem without trusted third parties. Thus far only blockchains have been able to provide this set of qualities.
>>All of the ideas about logistics tracking, deed tracking, etc etc are all rendered pointless by the oracle problem, you can get identical guarantees with digital signatures minus the blockchain.
Digital signatures provide no guarantees about data processing and availability. Massively distributed public blockchains do.