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>> If people are making so much noise about this technology-- if it IS technology, at all-- then surely it does SOMETHING... right? >> (The answer is, no. It do
by basisword 5y ago
>> If people are making so much noise about this technology-- if it IS technology, at all-- then surely it does SOMETHING... right?
>> (The answer is, no. It does absolutely nothing.)
>> It records a crytocurrency transaction and appends arbitrary data to the transaction.
Seems contradictory. They do nothing...except this thing that they do. Seems like just another "old man yelling at the clouds" style thread to cause controversy and generate engagement without saying anything remotely new or interesting.
- antonvs 5y ago> Seems contradictory. They do nothing...except this thing that they do. Any and every blockchain supports that thing. The objection seems to be that what NFTs "add" are an unenforced and unenforceable agreement. There's no new technical (or legal!) feature. This makes them seem more like a (poor) proof of concept than anything else.
- Mashimo 5y agoIt's trying to explain NFS for people who don't know how they work. If you already know it, then yes, it's nothing new.
- batch12 5y agoYou are editorializing with your copypasta. The author is saying that the NFT does none of that. > It records a crytocurrency transaction and appends arbitrary data to the transaction. That's it. > None of those functions are inherent to the NFT. They all rely on external infrastructure, which exists independent of the NFT. If you're wondering what role the NFT does play, then, the answer is nothing-- it parted a fool from his Monopoly money. That's it.