@incici@lemmy.ml
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15 päivää

I thought I was stupid for not getting the point of NFTs. It turns out I wasn’t.

@cheer@lemmy.ml
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111 päivää

The point being to steal people’s money?

@sexy_peach@feddit.de
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817 päivää

Lol someone lost all their apes and downvoted 😂

@AgreeableLandscape@lemmy.ml
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15 päivää

Stage 1: Denial ✓

Stage 2: Anger <–

Stage 3: Bargaining

Stage 4: Depression

Stage 5: Acceptance

People say “hindsight” like foresignt doesn’t exist.

You forgot all the continuity points and planes of X, Y and Z axis. In all ways is NFT just a virtual money laundering scheme.

@AgreeableLandscape@lemmy.ml
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15 päivää

Also, just saw the display name with the Chinese characters. In that way is 1 divisible be 2? 1, by definition, is the universal divisor, and is therefore not integer divisible by anything.

Someone’s gonna whoooosh me lol

QuentinCallaghan
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-117 päivää

Blockchain can have practical use for fields like supply chain management, energy, banking and food industry. Do NFTs have this quality?

@ree@lemmy.ml
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815 päivää

The words you’re looking for are databases and open standard. Blochains solves nothing

@guojing@lemmy.ml
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-215 päivää

Then show me a decentralized currency which doesnt use blockchain.

@AgreeableLandscape@lemmy.ml
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15 päivää

Raw resources? Money as an entire concept is both irredeemably flawed and an extremely recent invention.

Need food? Get food. Need metal? Get metal. Need a phone? Get a phone. Need healthcare? Get healthcare. If you distribute it so everyone gets a fair share based on their individual needs, there will be no need for money.

@guojing@lemmy.ml
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114 päivää

I wouldnt call a few thousand years “extremely recent”. And like I said in my other comment, carrying and storing gold or money is a lot more practical than a truck full of vegetables.

@camccar@lemmy.ml
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415 päivää

I’ll raise you things that are immediately useful to the possessor, like

@guojing@lemmy.ml
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014 päivää

Have fun renting a whole truck to transport the equivalent of a few grams of gold. Plus gold doesnt go bad.

@guojing@lemmy.ml
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114 päivää

Good point, I should have said digital currency. Gold is great, but sadly you cant use it to pay online.

@sexy_peach@feddit.de
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315 päivää

They aren’t currencies, they are speculative assets at best!

@guojing@lemmy.ml
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114 päivää

Speculative assets which you can use to buy things.

@Aarkon@feddit.de
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14 päivää

Money can exist outside a ledger. Bitcoin can’t, it literally is the ledger, and therefore not money.

@AgreeableLandscape@lemmy.ml
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15 päivää

Banking was the original pitch for blockchain, sure, but supply chain management? Energy? Food industry?! What about any of those would not be just as well or better served by a regular database? Like, just a plain ol’ SQL server? Which would be easier to host and maintain, faster both in throughput and latency, and would be more energy efficient.

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