The explosion in stolen artwork being minted as NFTs just demonstrates how ridiculous the idea of "the blockchain" as a revolution in "verification and data integrity" always was It doesn't solve that problem AT ALL
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Garbage in, garbage out, as we say in software engineering. It's fuckin amazing people see garbage out and never wonder if there was garbage in.
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Garbage in ...
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Precisely....
#GIGO
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When I worked retail, our biggest source of "shrinkage" was stuff not scanning out properly, so the system flagged it as stolen when it was purchased. Blockchain wouldn't fix that at all, it'd actually make it worse because you couldn't easily manually fix things properly later.
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The idea that it's a GOOD THING for something to be impossible to alter once you type it into the computer (no chargebacks on Bitcoin transactions, no takebacks on Ethereum smart contracts) is one of the most obviously awful ideas crypto geeks try to make into a selling point
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This is dumb and amazon should know better All it takes is one botched wms entry or a script dropping messaging and that big fancy blockchain isn't worth shit. An NFT just sounds like a primary key and an audit table with extra steps.
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Um... I've never heard anyone here at Amazon say such a thing. Though we talk a lot about immutable, cryptographically verifiable transaction logs, as a generalized building block. Like the technology behind Amazon QLDB. But that's _not_ a blockchain.https://aws.amazon.com/qldb/
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Blockchain evangelists just been desperately in search of a problem to fit their pet solution for years now. We can just add art transactions via NFT to the list of useless applications.
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