Digital certificates has already existed for half a century. There’s nothing new. A certificate doesn’t get any more legitimate just because it’s recorded on a blockchain.
Digital certificates has already existed for half a century. There’s nothing new. A certificate doesn’t get any more legitimate just because it’s recorded on a blockchain.
bjorney@bjorney.lol 10 months ago
Yes but NFTs are held in trust by you, not a 3rd party business. If you want to sell your NFT to a friend you can do that without brokering the exchange through a middleman who can/will charge a cut
atzanteol@sh.itjust.works 10 months ago
Don’t blockchain brokers charge a transaction fee?
kitonthenet@kbin.social 10 months ago
This is still solved by certificates, I can make my own self signed certificate that says it me and sign whatever I want. The only thing that crypto “solves” is over the wire man in the middle attacks, which aren’t even really a problem in the modern internet
magic_lobster_party@kbin.social 10 months ago
How you transact the ownership of NFTs is a different story. I’m reacting to the claim that NFT is “like a certificate of authenticity, but digital”, which is not unique to NFTs at all.
This claim is also often misunderstood, since the NFT can only verify the authenticity of the certificate itself, not the art/asset it’s pointing to.
I can easily create an NFT of Mona Lisa. The blockchain will see no problem with it at all. Heck, I can create 1000 NFTs of Mona Lisa if I want.
orca@orcas.enjoying.yachts 10 months ago
This sounds completely logical, until you realize it’s for selling JPGs and expecting them to only exist in that one buyer’s hands.