this post was submitted on 15 Apr 2025
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NFT was SUPPOSED to just be a cheap and safe non-editable contact type thing that you can make with someone so that there can be no dispute as it's fixed and unique. Then it turned into monkeys and that's all it's known for now.
Yeah but it's kind of a problem looking for a solution.
As in, we don't need NFTs to keep track of who owns what vehicle because we have the department of transport (DMV?) to do that and it works well enough.
If you could replace certain expensive and time cosuming bureaucracy that would save time and money and fight corruption and identity theft I think that would be well worth it.
It was always a bad idea though.
That's like saying receipts are a bad idea.
Um, no.
Um, yes. At the most basic, NFTs are receipts.
In some ways, but receipts are generally given for useful things you buy. Not proof that you threw useless crypto at an even more useless entry in a star registry.