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voxpoplar wrote

It doesn't really offer file storage. It's prohibitively expensive to put that much data on the blockchains that people actually use so the NFT stuff is generally just URLs to files stored elsewhere. The distributed computation sort of exists in Ethereum smart contracts the distributed VM's processing power is pathetic. Like an order of magnitude worse than a raspberry pi for the entire network I think. None of this is actually useful.


twovests wrote (edited )

oh i understood NFTs as being short strings but i thought there were some "proof of storage" coins implemented as ERC tokens?

i am happy to be out of the loop on cryptocurrencies. i feel that i am Healing