this post was submitted on 13 Nov 2024
942 points (98.3% liked)
People Twitter
5222 readers
1680 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a tweet or similar
- No bullying or international politcs
- Be excellent to each other.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I’ve read that blockchain itself is a good technology. NFTs are a laughably absurd attempt to exploit that technology for profit.
Xitter op needs to shut up.
What problem does blockchain solve?
I've heard of using them as parts of like contracts?
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.