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NTFs seem silly. You own a digital asset on a block chain. But anyone could use a jpeg, it just has no real value to have so-called ownership.
by rnk 4y ago
NTFs seem silly. You own a digital asset on a block chain. But anyone could use a jpeg, it just has no real value to have so-called ownership.
- PretzelPirate 4y agoSmall correction: NFTs that point to images is one example of how to use the NFT standard, not what an NFT is. The NFT discussion always ends up at "its just a link to a jpeg", when there are NFTs that have nothing to do with images.
- rnk 4y agoCan you give me some examples of these other kinds of NFTs that are useful then?
- yellowapple 4y agoCalifornia's DMV investigating them for licenses/registrations is an example that hit HN's front page earlier this week.
- rnk 4y agoThis is interesting because I haven't heard of this. Would it be something like your license is controlled by you? Somehow you have to keep it private though. Having someone control a position on the blockchain wouldn't seem to be that different than name and password. You can use that to prove who you are, and you can lose that just like you can lose control of your crypto wallet if you forget your password or someone guesses it or hacks your machine.
- yellowapple 3y agoOne workaround would be to store the license/registration tokens in multisig wallets, requiring both the licensee and the DMV to approve of transfers (or add a third signer and go with two of three). A fair bit more centralized than what's ideal, but the very concept of a state-issued license or registration is already implicitly centralized anyway.