• magic_smoke@lemmy.blahaj.zone
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      3 days ago

      Yeah you own a token which holds a copy of the link because storing image data on blockchain would be a fucking nightmare.

      Entire things a gag.

      Basically someone noticed you could make a crypto where each one holds unique to the blockchain data, and this is the best use they could make with it…

      It makes me wonder what happens when one of these bag holders straight up no longer runs nodes, the few others who ran them follow, and no one is holding up the blockchain anymore. I guess someone could set up a new node, but would that temporary loss make it a new blockchain? Also they’d just be able to gank everyone’s worthless tokens lol.

      • tankfox@midwest.social
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        2 days ago

        It’s a bet, the current owners have wagered that the structure will exist long enough for someone else purchase it later at a higher price, under the auspice that they in turn will be able to pass this bag forward again later. Everyone actually involved knows there’s no value to it OTHER then the record of previous sale prices and the line that keeps going up.