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Except, would you trust a notary public in, say, Sudan? NFT gif collections are obviously speculative money/crypto-laundering garbage, but there is a real use
by jacknews 5y ago
Except, would you trust a notary public in, say, Sudan?
NFT gif collections are obviously speculative money/crypto-laundering garbage, but there is a real use hiding in there somewhere.
- deleted 5y ago[deleted]
- ncmncm 5y agoWith so much horseshit, there has to be a pony in there somewhere.
- jfk13 5y agoPony? I was hoping for at least a unicorn.
- matsemann 5y ago> Except, would you trust a notary public in, say, Sudan? How can I trust an NFT? I don't know if the person minting it was the true owner, or just someone uploading stolen content. I don't know what the URL used to point to or if the content has changed. It's basically useless without something external verifying it.
- thebean11 5y agoYou're right that you do have to verify it's origin, but the benefit is that you only have to verify it once, then the entire chain of custody can be derived. With a piece of physical art, the original creator cannot just give you an identifier that allows you to, with 100% certainty, check authenticity. You need expensive, manual, and fallible inspection of the physical object.