• magic_lobster_party@kbin.social
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    11 months ago

    And how do you verify that the NFT can be trusted? With any of the 3 methods you mentioned!

    Blockchain doesn’t circumvent this need of trust.

    The thing blockchain eliminates is the need of a timestamp authority when doing transactions. Satoshi even called his invention “distributed timestamp server” before people started to call it blockchain. You don’t need timestamps when verifying the authenticity of an NFT.