sys on Nostr: Ok im not informed about NFTs because the concept is broken at the fundamental level ...
Ok im not informed about NFTs because the concept is broken at the fundamental level IMO, but how can you digitally own it? Sounds B.S. to me, you can just download a copy of any JPEG.
The problem is linking a physical asset to a digital blockchain. Bitcoin works because you don’t link anything between the „real world“ and the virtual digital world, because you can’t enforce something anchored in the physical world, since every point is corruptible through a higher force of some kind.
There’s a one way link from the physical to the digital world though — PoW, which proves to the virtual world that something is backed by real physical work (energy).
NFTs try to prove ownership by bridging the digital to the physical, that is never going to work.
The problem is linking a physical asset to a digital blockchain. Bitcoin works because you don’t link anything between the „real world“ and the virtual digital world, because you can’t enforce something anchored in the physical world, since every point is corruptible through a higher force of some kind.
There’s a one way link from the physical to the digital world though — PoW, which proves to the virtual world that something is backed by real physical work (energy).
NFTs try to prove ownership by bridging the digital to the physical, that is never going to work.