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.
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.