this post was submitted on 15 Apr 2025
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NFT’s are extremely useful, but not as some pseudo ownership of a meme….
the real use case of NFT’s is stuff like property deeds, or car titles, etc… normally owning property requires you register with some central authority… and of course they can take it from you….
this allows for decentralized ownership… and a truer ownership as nobody could force you to transfer your nft (unless they have a gun pointed at you).
….
then along came the grifters and now everyone thinks that NFT’s mean a picture of a cool monkey with sunglasses and a cigarette…
100%, it's just a smart contract on a blockchain that can have multiple keys and logic as to who can add or unlock or withdraw funds at what times.. (like if you have a 6 person org and a transaction requires the key signatures of 3 people to also trigger the action for example.) The possibilities are endless. NFTs, however, were hijacked by retards.
i wish we had another word like retard that didn’t hurt mentally retarded people and their families and friends….
but, absolutely… or really hijacked by fairly smart people who then conned a bunch of dumb people in more or less a pyramid scheme….
and now everyone knows of them but nobody knows what they are.