• @hddsx@lemmy.ca
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    129 months ago

    What does blockchain solve that existing contracts don’t do? Blockchain has takeover possibility

    • @Iheartcheese@lemmy.world
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      39 months ago

      Honestly I don’t know. I’m just pointing out the only thing that kind of sort of sounded like a good idea for it I’ve ever heard. For pictures it’s stupid that’s for sure

      • @hddsx@lemmy.ca
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        129 months ago

        It’s not a picture though. It’s a link to a picture on a server somewhere. If the host goes down, you own nothing.

        • Zagorath
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          39 months ago

          Isn’t it just a small amount of data? If the picture is small enough you could put it directly on the blockchain.

          Dunno why you would though. It’s very limiting for no particular gain.

          • @ConnecticutKen@lemmy.world
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            59 months ago

            But in NFTs the picture is not on the Blockchain. Only a link to the picture is on the Blockchain and the picture itself is still just on the web.

            • @hddsx@lemmy.ca
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              29 months ago

              No, they are right. What they are saying is that even though pretty much all NFTs contain a link to a picture on the blockchain, theoretically you could write a really, really small image in the space where you would normally write the URL. From a quick google, that’s 100 bytes. For a black and white image, that’s 100 pixels. For color, that’s around 30 pixels

          • @hddsx@lemmy.ca
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            29 months ago

            Right, and my original question was what does the technology solve? And so far the answer appears to be nothing