pruwybn@discuss.tchncs.de 1 year ago
I thought the whole point of NFTs and the blockchain is that it’s decentralized, and you can use “smart contracts” for things like this. How is one company able to decide to change it?
pruwybn@discuss.tchncs.de 1 year ago
I thought the whole point of NFTs and the blockchain is that it’s decentralized, and you can use “smart contracts” for things like this. How is one company able to decide to change it?
PopularUsername@lemmy.world 1 year ago
Apparently, smart contracts are not contracts at all… they are friendly suggestions. Unsurprisingly a contract needs a mechanism to enforce it, which makes decentralized contracts redundant at best (as you still need institutions outside of the blockchain to monitor and enforce the contracts), and or worse, completely useless if there is no legal way to enforce them.