974
None. Suffer. (lemmy.world)
submitted 2 years ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 4 points 2 years ago (9 children)

I've heard of using them as parts of like contracts?

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  • [–] 12 points 2 years ago (7 children)

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

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  • [–] 3 points 2 years ago (6 children)

    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

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  • [–] 12 points 2 years ago (5 children)

    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.

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  • [–] 1 point 2 years ago (2 children)

    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.

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  • [–] 5 points 2 years ago (1 child)

    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.

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  • [–] 2 points 2 years 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

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  • [–] 1 point 2 years ago

    Yea the idea there is that with it being decentralized, it has an unedited history. So if each block added to the chain is a new transaction, you can see previous agreements. Being decentralized also means that it's public record and everyone can see the contract/agreement/transaction.

    There's a lot of neat stuff that can be done, but as the other guy stated, it's a solution looking for a problem.

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