Technology

57432 readers

4768 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

849

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)

submitted 11 months ago by [email protected] to c/[email protected]

287 comments fedilink hide all child comments

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 11 months ago (1 children)

Some had ipfs links. In that case they couldn't be changed.

[–] [email protected] 1 points 11 months ago (1 children)

Everything we create can be changed. Just because it may be difficult doesn't mean it is impossible, no matter what those tech bros tell you.

Same with any blockchain. Nothing is secure, everything can be hacked.

In a matter of fact, it already has happened.

[–] [email protected] 0 points 11 months ago* (last edited 11 months ago)

You do know the hash of the file part of the address, right? Any different file would by definition be a different address.

There could be an undiscovered bug in ipfs, but then that bug would be highlighted and fixed, and you could find a way to break the hashing algorithms, but then we'd have far bigger problems than an NFT being changed.

Also, the article you linked to lists no attacks on the blockchain, only theft of bitcoins using normal blockchain operations. That's like saying someone hacked the US dollar when doing a bank robbery.