2021-05-10 11:37:41
NFTs from a Bitcoiners perspective
I run a local Bitcoin meetup. Lately a lot of people have been intrested in NFTs
I am personally sceptical of them. However its hard to convince people of my scepticism because I myself dont really understand how they work.
Does anybody know of a good explanation of the mechanics of how they work?
Esp. how does a token represen an artwork. How does it "prove" that an artwork is unique. Is there any tangible link between a token an an artwork?
Is there any reason why this is not done on Bitcoin using coloured coins or similar?
I post this in Bitcoin forum because I am interested in a Bitcoiner perspective, and to know if there are there any holes in this concept.
https://redd.it/n8wnts
@r_bitcoin
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