2 ms·
Even if ownership of digital assets or false scarcity were good ideas, NFTs never did any of this. The spec was technically amateurish — basically just URLs in
by pornel 4y ago
Even if ownership of digital assets or false scarcity were good ideas, NFTs never did any of this.
The spec was technically amateurish — basically just URLs in a bit of JSON in a slow database, with barely any connection to the asset. NFTs allowed regular non-IPFS URLs without any checksum, which allowed HTTP servers to change the asset at any time! And they had absolutely no uniqueness checks, allowing automating piracy!
https://www.theverge.com/2021/10/14/22726556/signal-founder-moxie-marlinspike-nft-whim-change-platform-shit-emoji-fragility https://www.theverge.com/2021/10/14/22726556/signal-founder-...
You could literally copy an image, and make a new token for it, and there was no way to decide which token was the true one for any given image, except maybe if you trusted some central authority, haha.