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this post was submitted on 19 Jan 2024
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Asklemmy
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Anyone here seen the folding ideas video?
It's a quality video, but I bowed out about halfway because I was already familiar with about 90% of the stuff he was discussing.
Great source for anyone looking for a good breakdown of the whole situation.
I usually just point to this quote from NFT co-creator Anil Dash:
https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/
The limited number of bits in the blockchain is a massive limitation on doing anything functional outside of bookkeeping with the crypto on the blockchain. It's the most fundamental aspects of NFTs and it has been broken since Day One.
This is such a useful comment that I'm bookmarking this. I know that NFTs are flawed tech but I struggle to explain it well.
NFT's are like those companies who will offer to sell you a square foot of scotland so you can call yourself a lord.
I strongly suggest bookmarking the article as well, since that's where the quote came from.
Solid, I will.