I appreciate the phrasing "NFTs that cost millions" instead of "NFTs worth millions".
Buttcoin
Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.
A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.
This was always such a hilarious thing about most NFTs. They didn’t store your image on the blockchain. They stored a URL. So for your “ownership” to matter at all it required the TLD being active under ICANN, the TLD still being registered to the company that sold the NFT, the TLD still pointing to DNS servers that were active. The DNS servers pointing to working content servers. The servers routing incoming connections and serving your stupid monkey image. The servers not being overloaded with requests for your stupid monkey image. Hence why they are using CDNs. The amount of Dunning Kruger in people obsessed with cryptocurrency/nfts/whatever grift is next is hilarious. Somehow it’s the solve of all of our currency problems and yet it’s never done much beyond allow grifters to grift and money to be laundered.
ICANN add nothing to this, thank you for spelling it out in ways I never could.
I would not have pronounced that as Artifact is all I'm saying. Not nearly as apt given that the actual evidence of this project seems to have vanished in exchange for saving the grifters some money.
Rat fucked is still an apt name, to be sure.