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And is what's out there the actual tweet? I'm sure their data is distributed & duplicated across many regions. Does the NFT encompass all of them? Are any of t
by ineedasername 5y ago
And is what's out there the actual tweet? I'm sure their data is distributed & duplicated across many regions. Does the NFT encompass all of them?
Are any of them even original? It's possible that the first bits & bytes on a server that hosted that tweet are long gone, tossed out after twitter scaled beyond its humble beginnings. The original could be a slagged hard drive, a cooled molten lump of metal & silicon. Actually, that would be much more interesting to own than the NFT.
- drexlspivey 5y agoThat's why usually NFTs point to IPFS addresses which are just hashes of the content and it doesn't matter where they are hosted.
- ineedasername 5y agoSeems like a very lossy form of compression. Not to mention that hashes usually aren't reversible. Not a great stand in for the real thing, especially when the real thing might be a widely available jpeg. There's really something I don't understand about how an NFT, apart from cryptographic foundation, is different enough from, say, a UUID in a traditional database. Also it would be funny if there was a (very highly unlikely) hash collision between two different valuable NFTs.
- dlubarov 5y agoWhoever owns an NFT can prevent the pre-image from being lost by just personally storing it. If they wanted to ensure the pre-image is easily accessible to others, they could additionally host it on IPFS.
- ineedasername 5y agoWhat if the NFT is for a physical object? (and one that may or may not exist any longer?) I mean, clearly hashing wouldn't seem to apply there. But it still leaves the question of whether there's a substantial difference between a traditional database entry. I may be overlooking something because I don't see the problem solved by NFTs. I see the use for them as part of an artistic statement, but not a general use function.