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| Topic | Stock Market General #42 |
| Blue_Thunder 01/08/22 12:05:08 AM #259: | asdf8562 posted...
Kevin O.? Yeah he's the 'villain' of the cast so of course he'd like them XD Anyways, I guess the simplest way would be like this: Let's say you have an original painting; you are the painting's owner. People can take pictures of the painting or try to forge a copy but only you can show and prove that you own the painting. NFTs are like the digital version of this. I won't go into detail about the blockchain tech behind it but when you have an NFT it's basically proof that you own whatever it is the NFT is attached to. And the NFT can be basically anything digital, like an image, video, etc. This allows digital objects to be bought, owned and sold to other people like real life objects. As for why many say it's bad, the main reasons I've heard is that 1) many companies are currently brainstorming ways to use the tech to squeeze even more money out of consumers, and 2) people are concerned with the environmental impact of bitcoin mining such as all the electricity and computing hardware required for it. --- Jenshin Team: https://i.imgur.com/2y9Fgj5.png Smash Team: https://i.imgur.com/cwl2RwJ.png ... Copied to Clipboard! |
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