Large
kiwifarms.net
If you want it to be immutable, use infinitytokens (infininft.com). If you want to replace it with a trollface after selling, mint on opensea.io and host the image on a free neocities site.
NFT - art files as crypto currency? -
- Thread starter Spergerella
- Start date
Neat. If the generator is public domain that should mean anyone could recreate the images, right?
How small are we talking? And how much do you think it would cost?
Large
kiwifarms.net
Yes, as long as the generator exists somewhere. So if a new L1 pops up, gets barely any attention and disappears those NFTs CAN break, but avastars and tinyboxes are probably safe as long as Ethereum exists.
IDK
Is it even possible for Ethereum to stop existing?
Large
kiwifarms.net
Carrington Event 2 Electric Boogaloo could potentially result in the Ethereum blockchain breaking. But if that happens, it will probably also start WW3 so ¯\_(ツ)_/¯.
It's very possible for it to become irrelevant if it can be 51% attacked to the point that your transactions can be rewritten by attackers. This has already happened a few times on Ethereum Classic.
Irrelevant doesn't mean destroyed, though. Could the attackers rewrite your NFTs?
They could rewrite any transaction they were involved in, and block network activity, as far back as their hash power would allow. In the most recent ETC attacks, that seems to have been a couple days.
https://www.coindesk.com/ethereum-classic-blockchain-subject-to-yet-another-51-attack
Of course this would be much, much harder to pull off on regular Ethereum.
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So basically, any NFT based on a smaller blockchain is at risk of getting rewritten. High end NFTs should definitely be on regular Ethereum, then.
Well, maybe and maybe not.
The only people who can potentially "steal back" your NFT with a 51% attack are previous owners, and most likely recent previous owners. That's not really a motivated group of attackers - by definition, previous owners have already completed the "dump" phase of the NFT pump-and-dump cycle. They made their money. Stealing their NFT back while damaging the credibility of the NFT market wouldn't really be compelling.
I'd worry more about the storage side of things.
Chadwick Boseman NFT Sparks Controversy, Gets Redesign Following Late Actor’s Oscars Loss
An NFT created of the late Chadwick Boseman for the 93rd Academy Awards is being redesigned after sparking backlash online. Andre Oshea, one of the artists hired to produce the non-fungible token, …
deadline.com
Kek.
Shitassdeaddude
kiwifarms.net
Yeah. It's because the face reminded people he's dead. That's why people had a problem with it.View attachment 2122251
Chadwick Boseman NFT Sparks Controversy, Gets Redesign Following Late Actor’s Oscars Loss
An NFT created of the late Chadwick Boseman for the 93rd Academy Awards is being redesigned after sparking backlash online. Andre Oshea, one of the artists hired to produce the non-fungible token, …
Kek.
I keep hearing how NFT and crypto in general are 'destroying the planet' by the tards on twitter. What are they even talking about?
Boomer talking point to give the late to the game boomers a chance to buy up Bitcoin.
The popular claim comes from a simplistic analysis where they took the entire energy consumption of the Ethereum network and said "Your NFT counts for X% of this".
Which is sort of like saying you drive a car, there are 1 billion cars in the world, therefore you, personally, are responsible for one billionth of all global warming, all pollution from the petroleum industry, all the deaths caused by wars over oil, and so on.
In reality it doesn't work that way and refineries are not going to scale down their operations by one billionth if you stop driving.
It is true, however, that proof-of-work cryptocurrencies are a gigantic waste of energy.
This:
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Bitcoin Energy Consumption Index - Digiconomist
The Bitcoin Energy Consumption Index provides the latest estimate of the total energy consumption of the Bitcoin network.
digiconomist.net
There is also this Twitter thread:
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archive.vn
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twitter.com
The Whore of Babylon
kiwifarms.net
Bruh, Look at this dood
Wait till you see the f- oh no no no no
oh ho ho OoOoOoO
HHHHHHAHAHAHAHA AAA LOOK AT THE TOP OF HIS HEAD
HAHAHAHAAA LOOK AT THOSE LIPS
Wait till you see the f- oh no no no no
oh ho ho OoOoOoO
HHHHHHAHAHAHAHA AAA LOOK AT THE TOP OF HIS HEAD
HAHAHAHAAA LOOK AT THOSE LIPS
Attachments
Informative video:
Someone uploaded a comic allegory about NFTs.
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