Shes right an nft is a hallway to the picture. You don’t even own to picture
I thought NFTs is the title to the car. Just a title without any law backing it up.
No, because an NFT just tells you were the picture is on the block chain. In theory If you had access to the block chain and another picture you can just change the picture stored at that point
In theory If you had access to the block chain and another picture you can just change the picture stored at that point
In theory if you had access to your bank’s safe you could just take out money.
Well, you dont.
Cryptobros incoming to tell us all the real-world problems blockchain’s going to solve any day now in 3… 2…
NFTs are just USED for pictures. They actually had potential to solve real world problems, but jetzt isch d Katz de Bååm nuff as we say in hohenlohe.
NFTs
Note: this is how you spell it. Apostrophes are for possession & contraction …not making words plural.
That’s not true, clearly an apostrophe means: “watch out, here comes an s!”
Correction:
That’s not true, clearly an apo’strophe mean’s: “watch out, here come’s an 's!”
I was pretty shocked when I found out that NFT pictures aren’t even stored in the block chain. NFTs are just records on the block chain with links to images stored on ordinary servers.
This is because you (in theory) need the whole blockchain to validate an NFT, so you want to keep it as small as possible.
But since you store the Cryptographic Hash of the image too, you can validate that the image on the server is actually the same one referenced by the blockchain. You could even move it to another server, but it will break the link obviously
Except you don’t own that server and have no control over it, and if the server owner takes the image offline you’re screwed
It does not really matter. You’ve still got the JPEG (or whatever else). Just calculate the hash and you can proof that it’s the one referenced.
You don’t even buy the photo, you buy the hyperlink to the photo. In a sense, your buying the treasure map to gold, but you can’t have the gold.
