this post was submitted on 15 Apr 2025
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[–] uienia@lemmy.world 3 points 3 days ago (1 children)

Essentially, when you boil it down, you can turn this into “it’s provable that individual X has possession of NFT identifier x,y,z”. It’s kind of like how you can have the deed to a piece of property in your desk, but that doesn’t prevent 15 people from squatting on it.

It isn't even that. It's is identifying which drawer in your desk the deed is placed, but there is no guarantee that the drawer contains the deed.

[–] yarr@feddit.nl 2 points 3 days ago

Now imagine trying to explain all this to the unwashed masses... it's no wonder the explanation they got was "buy this, it's going to the mooooon!!!!"