this post was submitted on 26 Jul 2024
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it's easy to understand but also stupid
nft art is stupid but not for the reason most people think it is. most people don't even know that there's a difference between an nft and nft "art"
Between 2014 & today, market appears to have determined neither are relevant. Corporations appear not to have found captivating use cases as well. Given this, is the lack of understanding to be expected?
Compare to, like, folks understanding differences between Instagram & TikTok. More people understand because it’s relevant to them, regardless of the average Lemming’s view of the platforms.
True, but lets stop conflating the market with a wise being.
Im not saying everyone should understand it, I just think the ratio of understanding to hatred is a bit skewed. you should at least know what something is before passionately hating it.
oh wow an enlightened being that knows that nfts are links to monke jpegs stored in an extremely inefficient append-only database, instead of jpegs themselves. none of that shit is remotely practical unless you make some hopelessly paranoid libertarian flavoured assumptions about how world works
btw fun fact, all bitcoins are NFTs
I don't think that's true. Bitcoins are fungible, NFTs aren't.
nope! bitcoins aren't fungible anymore. you can track all bitcoins across the entire blockchain, any bitcoins involved in illegal activity are "dirty" and not accepted by exchanges. "virgin" bitcoins are worth more than "used" bitcoins. they aren't truly fungible anymore.
NFTs aren't links