News for hackers. Stuff that matters.
Re:Algorand – Fast, low fees and sustainable blockchain by andreskytt on Sunday November 21, 2021 @03:09AM (#29294900)
Claims like “it just works” appear to turn the tables on the anti-vax analogy. There is no need to believe the vaccines work, it can be demonstrated. Here, we are required to believe nft-s work. And they don’t. Given the amount of people selling things they don’t own and the amount of nft-s just being a url with a hash on a blockchain, a lot more has to be shown to claim “it just works”. NFTs are a way to digitally sign files (which has existed in mainstream for 20+ years) and then trade these signatures. Which has also been possible since day one. Also, copyrights have been a thing for a while along with transferring rights. So, in addition to “they just work” claim the claim of them being novel would need to be justified.
Re:Algorand – Fast, low fees and sustainable blockchain by strogonoff on Sunday November 21, 2021 @08:20AM (#29296069)
Adjacency with cryptocurrencies makes any claim about NFT fitness-for-purpose dubious, for practical purposes there is no distinguishing an honest opinion from an attempt to manipulate the public into increasing the USD value of some coins or tokens held by the author of said opinion.
Re:Algorand – Fast, low fees and sustainable blockchain by kranke155 on Sunday November 21, 2021 @09:34AM (#29296425)
Who talked about crypto? Not me. Tezos which is widely used for NFTs has barely any price volatility (in comparison to the rest of the crypto market).
Re:Algorand – Fast, low fees and sustainable blockchain by kranke155 on Sunday November 21, 2021 @09:33AM (#29296421)
It works because people are using it. Every problem you can list has a technical solution that is actively being worked on already.