> But I guess as long as the buyers don't realize yet that their immutable ledger entry can become a dangling pointer in a puff of smoke, it doesn't matter.
I was surprised too, but only for a moment. In the end it's basically just a record that you "own" a small amount of data (url, ipfs hash, 'coin'). Unless my ownership gets me some utility (like exclusive access to the jpeg, maybe? Ability to transfer the ownership to El Salvadorian govt to pay my taxes?), I don't see how it has value
It seems a substantially less silly idea than pointing a token at a url that you don't control. I guess I'm surprised that NFTs aren't all hosted on IPFS or something like it, if only as a backup. Like, have these people not heard of linkrot?
But I guess as long as the buyers don't realize yet that their immutable ledger entry can become a dangling pointer in a puff of smoke, it doesn't matter.