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What are you talking about? I've never purchased an NFT, and I have always tried to warn all the people around me to make sure you understand what you are getti

by xodjmk 4y ago

What are you talking about? I've never purchased an NFT, and I have always tried to warn all the people around me to make sure you understand what you are getting into before spending money on anything. There is plenty of good uses for blockchain and NFT technology. Paying for a URL to a stupid monkey picture that is not guaranteed to persist is not a good idea in my opinion.

europeanguy 4y ago
> What are you talking about? I'm talking about the fact you said there's nothing wrong with the technology and in the same paragraph you said it's too expensive to store an image. Sounds like something wrong to me.
- xodjmk 4y ago
  At the moment, if someone wants to store information on a blockchain using proof of work, proof of stake etc., arguably the best implementation that humans have invented is Ethereum (Bitcoin is arguably the best for slow stable $ preservation, think what you want..). The gas price of Ethereum is not fixed, but at the moment far too expensive to store large images. The purpose of Crypto technology is not specifically to store images, that will probably come in the future. It does work to store financial transactions, and to perform smart contracts that don't require large amounts of data. NFTs don't have to be used for images. They could be used for tickets, proof of membership, to run small algorithms etc. The value is always going to be subjective. But saying there is something 'wrong' I don't think is correct. There is definitely something wrong with many people's intentions obviously, but that is sociology, not technology.
  - europeanguy 4y ago
    That's a lot of words to say that it's too expensive to store a picture. Even a fucking floppy disk can store pictures.
    - xodjmk 4y ago
      It's not meant to be a storage medium. By the way, you sound like you might like to buy a pixelated picture of a Monkey? It will fit on a floppy disk.

by xodjmk 4y ago

europeanguy 4y ago

> What are you talking about? I'm talking about the fact you said there's nothing wrong with the technology and in the same paragraph you said it's too expensive to store an image. Sounds like something wrong to me.

xodjmk 4y ago
At the moment, if someone wants to store information on a blockchain using proof of work, proof of stake etc., arguably the best implementation that humans have invented is Ethereum (Bitcoin is arguably the best for slow stable $ preservation, think what you want..). The gas price of Ethereum is not fixed, but at the moment far too expensive to store large images. The purpose of Crypto technology is not specifically to store images, that will probably come in the future. It does work to store financial transactions, and to perform smart contracts that don't require large amounts of data. NFTs don't have to be used for images. They could be used for tickets, proof of membership, to run small algorithms etc. The value is always going to be subjective. But saying there is something 'wrong' I don't think is correct. There is definitely something wrong with many people's intentions obviously, but that is sociology, not technology.
- europeanguy 4y ago
  That's a lot of words to say that it's too expensive to store a picture. Even a fucking floppy disk can store pictures.
  - xodjmk 4y ago
    It's not meant to be a storage medium. By the way, you sound like you might like to buy a pixelated picture of a Monkey? It will fit on a floppy disk.