288 karma · joined May 5, 2014
What about billions of Chinese that are afraid to stand up to the communist party?
The whole premise of blockchain is that no transaction can be altered. What happened -- happened, unlike someone's text or screenshots on someone's servers on the Internet.
Correct. But NFT people want to show everyone that they support artists they like. Others are free to ignore them, but with public and independently verifiable transactions no one can objectively deny that NFT people actually support the artists.
No one will believe the supporter. The receipt may be a fake text he/she made.
But they're not required to tell anyone whether a transaction happened.
> So if the artists try to go back on the agreement, he can be sued.
Sued about what? The supporters want the artist to keep the money, there are no legal conflicts here other than that the artist may lie that he/she is supported by particular people. Unlike in bank case, you and me and anyone else may see for ourselves who is supported by whom.
Because, in the bank example, after a bank transaction happens, the artist may not like a particular supporter because, for example, the supporter may be a white cis male who doesn't like the left bullies, so the artist may lie that the transaction happened at all, saying that he/she didn't receive any money from the supporter. In this case, and other such cases, there must be an independent log of events that actually happened, despite what people may say.
How is Novi related to Facebook? https://youtu.be/mqhPoS8HfpE
I made it a library with a single header: https://github.com/redgpu/framework