I agree on your NFT assessment. I'm a web dev and know that pretty much nothing is sacrosanct online. If you put it out there, someone is going to steal it and use it however they like. It is very challenging to gate digital content. The workarounds are just too easy for coders.
On the Segway (it should be capitalized) I am guessing this …
I agree on your NFT assessment. I'm a web dev and know that pretty much nothing is sacrosanct online. If you put it out there, someone is going to steal it and use it however they like. It is very challenging to gate digital content. The workarounds are just too easy for coders.
On the Segway (it should be capitalized) I am guessing this was an auto-transcription—at least in part and they missed that bit.
Yes, I've spent hours researching NFTs. They are not a replacement for decades of copyright law. They are a scam in the simplest of terms. NFT files (JPEGs, etc) are also too large for the blockchain, what you actually own is an 80 character hash on the hard drive on some random kid. Don't get me started on the environmental concerns associated with gas fees.
A lot of people are going to lose a lot of money when they try to "resell" their NFTs.
I agree on your NFT assessment. I'm a web dev and know that pretty much nothing is sacrosanct online. If you put it out there, someone is going to steal it and use it however they like. It is very challenging to gate digital content. The workarounds are just too easy for coders.
On the Segway (it should be capitalized) I am guessing this was an auto-transcription—at least in part and they missed that bit.
Yes, I've spent hours researching NFTs. They are not a replacement for decades of copyright law. They are a scam in the simplest of terms. NFT files (JPEGs, etc) are also too large for the blockchain, what you actually own is an 80 character hash on the hard drive on some random kid. Don't get me started on the environmental concerns associated with gas fees.
A lot of people are going to lose a lot of money when they try to "resell" their NFTs.
Appreciate the synopsis. It's what I suspected. Most people who don't understand tech (like MC) easily fall for this stuff.