NFT is a pyramid scheme and people are already losing money on it
- GrayRabbit
- Posts: 21
- Joined: 04 May 2021, 15:25
Re: NFT is a pyramid scheme and people are already losing money on it
Crypto payments can be validated on the blockchain.
Last edited by GrayRabbit on 10 Jun 2021, 17:09, edited 1 time in total.
Re: NFT is a pyramid scheme and people are already losing money on it
Why? the buyer throws money and the public key, the seller encrypts the product with the winner's key and puts the magnet link to the encrypted container in the chain as well.
What a joy it is for the buyer to be the only one who needs a container with a closed piece, I don't know. The real picture can even be hung in the hall and shown to guests.
Although now you can trade the private key from the container where the "La Gioconda" lies.
What a joy it is for the buyer to be the only one who needs a container with a closed piece, I don't know. The real picture can even be hung in the hall and shown to guests.
Although now you can trade the private key from the container where the "La Gioconda" lies.
Re: NFT is a pyramid scheme and people are already losing money on it
Nope, a public key can only validate a signature made with a private key. On the contrary, it won't work. It is impossible to encrypt with a public key, well, that is, anyone who has this key (and it is open) can decrypt, or no one can do it at all.
Re: NFT is a pyramid scheme and people are already losing money on it
Hmm. In general, encryption is just done with a public key so that only one addressee can decrypt the data - the owner of the private key. And in the EDS infrastructure - yes, everything changes places there, where the decryption key becomes the public key. It's just a different task.
- Ryan Mosley
- Posts: 10
- Joined: 10 Dec 2021, 14:46
Need a Foundation Invite
Hello NFT Community
Good News!!!
Just recieved 3 last foundation invites to foundation.app
Note that foundation has stopped issuing invites and in the near future after the last circulating invites run out getting onto the platform is by community upvote!!
Get in touch at mosleyryan59@gmail.com
For details
Good News!!!
Just recieved 3 last foundation invites to foundation.app
Note that foundation has stopped issuing invites and in the near future after the last circulating invites run out getting onto the platform is by community upvote!!
Get in touch at mosleyryan59@gmail.com
For details
Re: NFT is a pyramid scheme and people are already losing money on it
This is very blurry thing id rather buy a cllection than the key to collections with 50\50 chanceKrisMor wrote: ↑10 Jun 2021, 17:06 Why? the buyer throws money and the public key, the seller encrypts the product with the winner's key and puts the magnet link to the encrypted container in the chain as well.
What a joy it is for the buyer to be the only one who needs a container with a closed piece, I don't know. The real picture can even be hung in the hall and shown to guests.
Although now you can trade the private key from the container where the "La Gioconda" lies.
Re: NFT is a pyramid scheme and people are already losing money on it
Why do they have to encrypto the crypto currency? They ruin the conceptDimanBo wrote: ↑10 Jun 2021, 17:12 Hmm. In general, encryption is just done with a public key so that only one addressee can decrypt the data - the owner of the private key. And in the EDS infrastructure - yes, everything changes places there, where the decryption key becomes the public key. It's just a different task.
Re: NFT is a pyramid scheme and people are already losing money on it
Blockchain never gives away any crypto passwords or anything else. They just show a purchase
Re: NFT is a pyramid scheme and people are already losing money on it
Thye mean giving away personal information of traders. But i dont understand what there is to hunt on. Blockchain gives all the information about the purchaseMike09 wrote: ↑08 Jan 2022, 15:54Why do they have to encrypto the crypto currency? They ruin the conceptDimanBo wrote: ↑10 Jun 2021, 17:12 Hmm. In general, encryption is just done with a public key so that only one addressee can decrypt the data - the owner of the private key. And in the EDS infrastructure - yes, everything changes places there, where the decryption key becomes the public key. It's just a different task.
- Robert_Lee
- Posts: 138
- Joined: 24 Dec 2021, 13:21
Re: NFT is a pyramid scheme and people are already losing money on it
Is there a think with keys? What does that mean? It an auction?Mike09 wrote: ↑08 Jan 2022, 15:53This is very blurry thing id rather buy a cllection than the key to collections with 50\50 chanceKrisMor wrote: ↑10 Jun 2021, 17:06 Why? the buyer throws money and the public key, the seller encrypts the product with the winner's key and puts the magnet link to the encrypted container in the chain as well.
What a joy it is for the buyer to be the only one who needs a container with a closed piece, I don't know. The real picture can even be hung in the hall and shown to guests.
Although now you can trade the private key from the container where the "La Gioconda" lies.