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Google, Cloudflare & Cisco Will Poison DNS to Stop Piracy Block Circumvention * TorrentFreak
(torrentfreak.com)
this post was submitted on 16 Jun 2024
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Technology
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NFT is scary because people don't know what it means. It is not supposed to be a means of selling jpegs; it is supposed to be a digital untamperable proof of ownership for various uses.
It's not.
It's very tamperable. It lacks common safety features like 2FA. Hacks are common and stolen NFTs can not be recovered.
It doesn't provide any evidence of ownership, much less proof. Anyone can mint NFTs without providing any evidence of ownership or anything. There is no legal requirement that ownership of anything is transferred along with an NFT.
I can’t believe in 2024 we still see NFT advocates. It was and continues to be a colossal waste of time and resources.
It was a waste of time and resources for a particular application, yes. But the basic technology is useful for many applications.
Those "bored ape" NFTs were for jpeg images, do you also think that the jpeg algorithm was a colossal waste of time and resources?