Links to JPEGs turn out to not be priceless collector's items after all

https://www.rollingstone.com/culture/culture-news/nfts-worthless-researchers-find-1234828767/

36 points · 6 comments · view on lemmy.world

6 Comments

droidpenguin@lemmy.world · 10 pts · 2y

Of course this happened, JPEGs are lossy by design. Shoulda gone with PNGs /s

Diabolo96@lemmy.dbzer0.com · 7 pts · 2y

In another news,water is wet and fire is hot says the specialists.

ChapolinColoradoNZ@lemmy.world · 1 pts · 2y

huh... who would've thought? /s

NightAuthor@lemmy.world · -7 pts · 2y (2 replies)

The “jpeg” take is so stupid it hurts. Sure NFT art is maybe not a great idea, but it’s no where near as simple as people make it out to be.

https://youtu.be/451V-lBLfuo

gaylord_fartmaster@lemmy.world · 6 pts · 2y (1 reply)

You're absolutely right, it isnt that simple. It's a very needlessly complex and wasteful process to... produce a receipt for a transaction.

NightAuthor@lemmy.world · 2 pts · 2y

A joke around the true nature of this complicated receipt I could get behind. At least it would be based on an actual understanding of the tech.

Also, not so wasteful now that ethereum has gone to proof of stake.