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Zwiebel@feddit.org ⁨1⁩ ⁨month⁩ ago

• FishFace@piefed.social ⁨1⁩ ⁨month⁩ ago

  The correct understanding of NFTs has always been trivial: they’re certificates. What they certify is not determined.

  Anyone telling you anything else is either lying, or a moron (or has been lied to, which is not incompatible with being a moron).

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  • VieuxQueb@lemmy.ca ⁨1⁩ ⁨month⁩ ago

    The type of use case I see it could be good for is Software ownership. One could sell his copy of a game or give it to someone else by exchanging the token and the software could use it to validate ownership.

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  • Jakeroxs@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    Yuppp

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    • Agrivar@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Let it go man, the NFTs aren’t coming back.

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      • Jakeroxs@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

        Good ideas never die ;)

        To be clear I didn’t get into “NFTs” during the craze at all because I knew what NFTs are supposed to be and personalized pictures of monkeys is not it.

        At the same time it was hilarious how stupid the arguments on both sides were.

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      • FishFace@piefed.social ⁨1⁩ ⁨month⁩ ago

        You sound like someone who thinks an nft is something other than a certificate.

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  • Grail@multiverse.soulism.net ⁨1⁩ ⁨month⁩ ago

    It’s a bitcoin that can’t be swapped for other bitcoins, right?

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    • FishFace@piefed.social ⁨1⁩ ⁨month⁩ ago

      Yes that’s also true… I would venture that it’s not as useful in general to understand the concept though :)

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• spicytuna62@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Replace “token” with “title” and “monkey” with “car,” and you’ve got a formula most people understand.

  I own the title, but I don’t own the car.

  Unlike the monkey, you can go find the car in the real world.

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  • surewhynotlem@lemmy.world ⁨1⁩ ⁨month⁩ ago

    But eventually you own the car. You never own the monkey.

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    • Jakeroxs@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Its not about whether you actually own the thing or not, its the record of you owning it.

      Without a central body enforcing it its basically pointless, similar to if you don’t own the title of the car you don’t actually have record of ownership and therefore don’t have the rights to go along with that legally. (In theory lol)

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      • surewhynotlem@lemmy.world ⁨1⁩ ⁨month⁩ ago

        If you don’t have the title to your car, and no one else does either, you can prove ownership by possession. Same with NFT, you prove ownership because you possess the wallet credentials.

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    • AA5B@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Plus you can trust that no one else has your car, whereas you have no way of knowing how may times your monkey was copied or how may exist outside the scope of your “certificate”

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      • surewhynotlem@lemmy.world ⁨1⁩ ⁨month⁩ ago

        “You wouldn’t download a car…”

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  • Rivalarrival@lemmy.today ⁨1⁩ ⁨month⁩ ago

    A closer analogy is Copyright Registration. You submit a work to the copyright office, claiming to be the original artist. If there is ever a dispute, the submission serves as evidence as to the date and time you claimed the work. If it predates the claims of another, and they can’t prove you transferred the work to them, you win the case.

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• ICastFist@programming.dev ⁨1⁩ ⁨month⁩ ago

  Nooo bro, I totally OWN that jay-peg bro, you can look it up bro, the token is non fungible bro, do you even know what that means, bro?

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