Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
view the rest of the comments
NFTs will fix future financial fraud by utilizing blockchain tech to keep public trades accountable. True audits
Doesn't have to be a JPG
Not sure I’d say ‘will’ because the people who have to implement it are the same people that benefit from the current system.
I'm not against this. And as far as I can tell it isn't a get rich scheme. I mean the tech companies implementing and maintaining it would probably make a killing, but that goes for any enterprise that supports big finance.
@pomodoro_longbreak @Zuberi
NFTs, like crypto in general, is nothing more than a ponzi scheme.
Only it's worse because there is no one to go after when it collapses. As you can see with the NFT collapse... there is no "Madoff" you can identify to send to prison.
I guess I'm talking more about blockchain? I never got too deep into this world. But like a way to hash transactions made with real money in a way that would be harder to commit fraud with. I dunno, maybe accountants already do this some way.
I'm imagining an example where you couldn't disappear a line item because then the ledger's hash wouldn't come out right, and bingo bango, tax evasion charges incoming.