I just install Reddit official app to see watch they offer. And holy cow. They are selling NFT-like stuff.
Instead make a better app, they give use this.
this post was submitted on 27 Jul 2023
486 points (95.5% liked)
17374 readers
289 users here now
News and Discussions about Reddit
Welcome to !reddit. This is a community for all news and discussions about Reddit.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules
Rule 1- No brigading.
**You may not encourage brigading any communities or subreddits in any way. **
YSKs are about self-improvement on how to do things.
Rule 2- No illegal or NSFW or gore content.
**No illegal or NSFW or gore content. **
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts.
Provided it is about the community itself, you may post non-Reddit posts using the [META] tag on your post title.
Rule 7- You can't harass or disturb other members.
If you vocally harass or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
:::spoiler Rule 10- Majority of bots aren't allowed to participate here.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The thing I don't get is that, afaik, there's no real limitation on the size of the nft. To my knowledge there's nothing stopping you from making a Blockchain that supports full images in each nft. However, instead they decided to sell receipts.
Blockchain is very limited when it comes to storage. Bitcoin for example, is limited to grow by 1MB every 10th minute. That’s 1MB for all users globally. Other blockchains allows for plenty more, but still enough to store entire images.
The reason why there are limits is because it’s supposed to be possible for anyone to download the entire blockchain to their computer and verify. This is not practical if the blockchain becomes 100TB or so.
Mostly because hosting an image within the blockchain would require so much computational power and excess energy usage, that it wouldn’t be profitable even for the most successful scams.
And I’m not sure whether calculating proof of work for a blockchain that holds images within is even possible using the current algorithms. But I’ve looked at it a while ago, could be that some updated system already exists. But it’s still very much not free, and quite damaging environmentally.
Ah, thanks for the explanation!