NFTs died a slow, painful death in 2023 as most are now worthless

Re:NFTs died a slow, painful death in 2023 as most are now w... by vrighter on Monday December 25, 2023 @08:08AM (#38762293)

not instantaneously, and with outrageously big fees (which will only increase due to the limited supply). And no recourse if someone manages to steal stuff? No, that is the opposite of protection.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by adastra22 on Monday December 25, 2023 @11:58AM (#38764108)

Lightning transfers are instantaneous and low fee. No recourse is the complement of self sovereignty. It is a tradeoff to be made.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by MBCook on Monday December 25, 2023 @10:44PM (#38768745)

Right. That’s why the FDIC and police exists.

Society decided this 100 years ago. We don’t like the Wild West and scams. We like safety.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by adastra22 on Tuesday December 26, 2023 @04:57AM (#38770337)

> transfer funds internationally

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Re:NFTs died a slow, painful death in 2023 as most are now w... by vrighter on Tuesday December 26, 2023 @12:08PM (#38773561)

ttc fees increased since lightning became a thing.

It gains speed by compromising security. Lightning enables whole new classes of attacks. You also need to have a server or something constantly online, or trust someone to do it for you. Trust, for a supposedly trustless system.

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