this post was submitted on 09 Aug 2023
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Fuck NFTs!
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Fuck NFTs!
NFTs. Fuck 'em expensive images.
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Conceptually NFTs could be useful.
The use case of “buy funny pictures” was the stupidest grift yet
I've never heard of a way that NFTs are actually useful, I've only heard of people saying things we can do today, but with blockchain (and much less efficiently), or as a way to form a speculators market (ie: a con)
I am a big proponet of blckchains, but speculative nfts have no purpose. Using a blockchain to establish who authored tome work, thats a an actual use.
How does it establish who authored a work? The only thing the blockchain can be guaranteed to prove is who first registered it on said chain, which absolutely doesn't necessarily mean the author. Immutability doesn't do anything to solve the garbage in garbage out problem.