Eh, the relationship isn’t quite the same as that one.
It’s more like the relationship between a video game framework and a video game. Pygame, Unity, or Godot are not games you can play; they’re tools for programmers to build games with.
Similarly, blockchain is a technology for implementing scams; NFTs are one specific scam.
Similarly, blockchain is a technology for implementing scams
By that logic the US dollar is a means for facilitating crime. It’s certainly used for that, a lot, but that isn’t what it is for. A blockchain is for keeping an immutable and verifiable record by way of cryptography. That there are a lot of scams doesn’t change what it is.
blockchain is a technology for implementing scams; NFTs are one specific scam.
No. Blockchain is a technology where you generate a hash of an event that happened - e.g. garage door opened at 7:00am, and then you hash another event - garage door closed at 7:02am, continue doing that for years, hundreds of thousands of garage door movements, and just by looking at the last hash in the event chain, you can verify, in less than a millisecond, that two copies of the blockchain are identical (e.g. the working data set and a backup copy of it).
It’s just a simple and efficient data integrity checker and it’s shit for scams - because there’s no way to hide your tracks when the feds investigate you… as Sam Bankman-Fried just learned.
Pretty soon the scammers will realise they’re better off with cash and paper books which can easily be doctored (or simply misplaced - “sorry your honor, we can’t find records for July 2021 anywhere!”).
Yep. It’s hard to feel sorry for anyone who got grifted, who knew that buying the equivalent of a graffiti’d up CVS receipt would turn out to be worthless.
Have to go out there and put in the work to proselytize their Lord and Savior Blockchain.
Blockchain and NFT are not synonymous. All Camrys are cars but not all cars are Camrys.
Eh, the relationship isn’t quite the same as that one.
It’s more like the relationship between a video game framework and a video game. Pygame, Unity, or Godot are not games you can play; they’re tools for programmers to build games with.
Similarly, blockchain is a technology for implementing scams; NFTs are one specific scam.
By that logic the US dollar is a means for facilitating crime. It’s certainly used for that, a lot, but that isn’t what it is for. A blockchain is for keeping an immutable and verifiable record by way of cryptography. That there are a lot of scams doesn’t change what it is.
No. Blockchain is a technology where you generate a hash of an event that happened - e.g. garage door opened at 7:00am, and then you hash another event - garage door closed at 7:02am, continue doing that for years, hundreds of thousands of garage door movements, and just by looking at the last hash in the event chain, you can verify, in less than a millisecond, that two copies of the blockchain are identical (e.g. the working data set and a backup copy of it).
It’s just a simple and efficient data integrity checker and it’s shit for scams - because there’s no way to hide your tracks when the feds investigate you… as Sam Bankman-Fried just learned.
Pretty soon the scammers will realise they’re better off with cash and paper books which can easily be doctored (or simply misplaced - “sorry your honor, we can’t find records for July 2021 anywhere!”).
Yep. It’s hard to feel sorry for anyone who got grifted, who knew that buying the equivalent of a graffiti’d up CVS receipt would turn out to be worthless.
It’s all the same to the cryptobros