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I was waiting for someone to bring up IPFS. Unfortunately it only serves to obscure the absurdity of NFTs. It makes what the NFT points to immutable, nothing el
by zcw100 5y ago
I was waiting for someone to bring up IPFS. Unfortunately it only serves to obscure the absurdity of NFTs. It makes what the NFT points to immutable, nothing else and it still doesn't guarantee that it's actually available.
I really wish IPFS would stop flirting with NFTs. I rather like the technology and it doesn't really have anything to do with NFTs but I'm afraid there will be a stigma attached to it when this thing finally explodes.
One thing I haven't seen anyone mention is that even the thing referenced by the ipfs url must by bit for bit identical. There's no notion of semantic ownership where you can own an image of the Mona Lisa and we can all agree that slightly different versions are still pictures of the Mona Lisa. I can flip one bit and sell that as another NFT. I can even make those changes in the image meta-data so the actual image is bit for bit identical. Also IPFS does not provide unique id's. An image can have multiple IPFS id's. The uniqueness constraint goes the other way, and IPFS id references one and only one unique resource.