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NFTs are scams
(lemmy.dbzer0.com)
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this post was submitted on 24 Jul 2023
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But why?
And who's in charge of errors in this immutable ledger?
I only feel it being shoehorned into some possible usefulness, conveniently forgetting everything that won't work.
What is it trying to solve?
Also linking physical objects, that's even worse, use it a bit and it's digitalisation will change lol. Also you want to sell your auto radio, but it's linked to your Car-NFT, it's Kafkaïenne lol!
All of those questions can only be answered with a big shrug. I don't know. I guess there exist cases of ownership disputes where NFTs would provide an easy answer, but it's fringe. Errors in transactions would probably be tough to handle, so I don't know what would be done there. I specified the chassis-reference on the car to say something that is unlikely to change for the car, but of course you end up with the "Ship of Theseus"-paradox.
And that brings it back to: it's a nice solution to a problem which doesn't really exist, and the application of it towards zero-value digital assets is a huge mess.