Re:What's Up with the NFT Hate?
by Yizahi on Monday January 10, 2022 @04:59AM
(#29872544)
Except most probably that license itself and rules regarding it's usage are stored in a centralized way somewhere. Simply because NFT can't store anything this big inside, not even a sufficiently long text only file. The tech doesn't allow this.
[ Parent
| on HN ]
The license and rights do not have to be centralised. The owner just has to hold on to some documentation showing they have ownership. If the original artist challenges it, you pull out the email/letter/receipt that shows you originally paid for it.
Fraudulently inventing proof is a serious crime. None of this required any blockchains or decentralisation. In fact it was never centralised to begin with.
NFTs serve absolutely no purpose that wasn’t already solved in better ways.
Re:What's Up with the NFT Hate?
by trollitarantula on Monday January 10, 2022 @05:21AM
(#29872707)
The majority of NFTs store their metadata on IPFS
So? It is a system external to the blockchain with NFTs, that's the problem. One of the problems.
Re:What's Up with the NFT Hate?
by trollitarantula on Monday January 10, 2022 @11:32AM
(#29877321)
Because IPFS is decentralised permanent storage. Blockchain handles ownership, IPFS handles metadata, visual assets, etc. It's kinda how things work in real world with real estate, for example. There is a registry and there is physical property. Same here.