Re:Web3 is centralized
by i_hate_pigeons on Sunday January 02, 2022 @01:37PM
(#29771964)
NFTs represent something else completely, I'm talking of other use cases that are enabled by the same underlying tech - with the disclaimer I mentioned above of pending issues to be resolved, particulaly gas fees
if you are not aware of how something like what I described could work maybe have a read around on some simple smart contracts where there is hidden state (like guess the answer or contracts that implement role access/control for certain features)
Re:Web3 is centralized
by usrbinbash on Sunday January 02, 2022 @02:24PM
(#29772608)
Regardless of what relationship a piece of data has to some blockchain technology: As soon as it is publicly accessible, even once, it's scarcity can no longer be guaranteed, because by their very nature, digital assets are infinitely reproducible.
Unless whatever service accessed the tweet/image/text/whatever made a local copy and is displaying that once the "blockchain service" no longer allows access.
An NFT doesn't confer access control. Its a certificate of ownership, the asset itself is infinitely reproducible.