Post
Topic
Board Development & Technical Discussion
Re: Can't NFTs work on Bitcoin?
by
pooya87
on 18/12/2021, 08:39:16 UTC
then it's strange that people think such a connection exists. which is obviously why they are buying.
The connection is a promise that they are related. In fact these days the "digital artwork" that is being sold for millions to idiots is stored elsewhere on a centralized website not even on the blockchain and if that website's server goes down or if it were shut down by the government, all the "artwork" goes away too. Meanwhile the tokens continue to exist on the blockchain uselessly!

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Not only that but it then becomes the buyer's responsibility to get to store the NFT artwork somewhere. Hopefully they store it somewhere that doesn't cause them to lose the artwork by having their account deleted due to inactivity or some other issue.
Forever is a long time...heck even 5 years is  Grin
They don't seem to care or maybe they don't understand this either. Both the token and the object are stored centrally and they can go away, I explained it for the object but the blockchain of these tokens like ETH is mutable so they can decide to reverse blocks that would wipe out those tokens.