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____no5

The Angel Of The Odd
I haven’t run for the last 3 days. I felt a slight pain on my right foot angle and wanted to give it a rest.
Pain is almost disappeared and I need to run today. Birds are singing, sky is clear and the city still sleeps.

I decided to wear my racing shoes for a few days, the two and only ASICS Metaspeed SKY for max cushioning & protection. (Also with way less kilometers than the others)
I have done 5 PRs with those beauties and hoping for at least one more this year.

2E7136E7-5118-4089-B3AA-8FBB21F2DF1E.jpeg
 
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Perun

Περούν Παντοκράτωρ
Staff member
Can somebody explain to me what an NFT is in a way you would explain to a really stupid, in no way intellectually gifted five year old?
 

LooseCannon

Enterprise-class aircraft carrier
Staff member
Can somebody explain to me what an NFT is in a way you would explain to a really stupid, in no way intellectually gifted five year old?
An NFT is a digital token that refers to a piece of art, that is traded as a commodity, as art is. Except you don't own the art, you own the digital token that refers to the art.
 
D

Deleted member 7164

Guest
Can somebody explain to me what an NFT is in a way you would explain to a really stupid, in no way intellectually gifted five year old?

There exists a mechanism for creation of signature of any piece of data. You can extract an unique signature of an entire DVD, signature being just a handful of bytes long, DVD being gigabytes in length.

Two same DVDs yield the same signature. Change one bit on DVD, signature changes.

This technique is called hashing.

What NFT is, is a concept that you can "buy ownership" of something that's freely distributable over the internet, like a JPEG image, by having a record of buying its hash signature.

In total 5.yo terms it's like if a digital mona lisa gets released, even if the hi-res is paywalled, it will quickly be shared over the Internet for anyone with basic search skills. NFT thing allows someone to "own" the signature of the picture for reasons only known to them. It's a financial game alike crypto. They can claim assets. I don't know what the grand scheme is about, it's quite insane to me and really mocked in tech circles.

Furthermore, these nuts are pushing some sort of Web3.0 concept where everything is a microtransaction. There is a way to explain what it's all about and how it ties to NFTs and dystopian economy but it's 1 AM and that would be a long post.
 

Nyx

Rebel Girl Royalty
Bloody hell! 600 pounds for 8 bottles of beer you cant ever drink without feeling like a total arse, even if you save one for decoration. No thank you. xD This is a bigger rip-off than NFTs. lol How do we even know theyre real and not a clever counterfeit? Too easy to fake, and too easy to dispute claims of it being ingenuine. Don't do it mate.
 
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Perun

Περούν Παντοκράτωρ
Staff member
An NFT is a digital token that refers to a piece of art, that is traded as a commodity, as art is. Except you don't own the art, you own the digital token that refers to the art.
There exists a mechanism for creation of signature of any piece of data. You can extract an unique signature of an entire DVD, signature being just a handful of bytes long, DVD being gigabytes in length.

Two same DVDs yield the same signature. Change one bit on DVD, signature changes.

This technique is called hashing.

What NFT is, is a concept that you can "buy ownership" of something that's freely distributable over the internet, like a JPEG image, by having a record of buying its hash signature.

In total 5.yo terms it's like if a digital mona lisa gets released, even if the hi-res is paywalled, it will quickly be shared over the Internet for anyone with basic search skills. NFT thing allows someone to "own" the signature of the picture for reasons only known to them. It's a financial game alike crypto. They can claim assets. I don't know what the grand scheme is about, it's quite insane to me and really mocked in tech circles.

Furthermore, these nuts are pushing some sort of Web3.0 concept where everything is a microtransaction. There is a way to explain what it's all about and how it ties to NFTs and dystopian economy but it's 1 AM and that would be a long post.

The five year old specially skilled child in me says: "That sounds fucking stupid!"
 
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