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Now, I don't know, and perhaps you can educate me.

But as I understand it, and NFT is, essentially, a signed link. That is, essentially, that's <link> and <Key of Bob> are entwined as to be forever joined as a mechanic to represent that Bob owns <link>

But the NFT is not the content of the link itself.

Is the content of the link hashed to be part of the NFT?

"<link> with content hash <12345> belong to <Bob>"?

Is that how it works?

And then there's the issue(?) that <link> can go away, leaving Bob with nothing but the NFT token saying they own whatever <link> was pointing to.

How does that all work?
 
berth said:
Now, I don't know, and perhaps you can educate me.

But as I understand it, and NFT is, essentially, a signed link. That is, essentially, that's <link> and <Key of Bob> are entwined as to be forever joined as a mechanic to represent that Bob owns <link>

But the NFT is not the content of the link itself.

Is the content of the link hashed to be part of the NFT?

"<link> with content hash <12345> belong to <Bob>"?

Is that how it works?

And then there's the issue(?) that <link> can go away, leaving Bob with nothing but the NFT token saying they own whatever <link> was pointing to.

How does that all work?
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No absolutely not. An NFT is a nonfungible token. There may be someone out there doing what you describe but that is not how nft's work. An nft is an actual token minted on whatever blockchain they are using. The token has the information embedded in it and is unchangeable. Hence the nonfungible part. You own the keys to control it. You can sell or trade away rights to that token but cannot change the content. There is so much more that nft's need their own thread. Plus bitcoiners believe nft's are 99% scams. The exact same thing can be done on the btc chain and already has years ago. I remember people putting their wedding on the bitcoin blockchain to forever memorialize it. Anyway all of this is noise. There is a reason you cannot buy nft's with anything other than bitcoin and eth.
 
berth said:
So, the entire, say, video, is encoded in to the block chain as part of the NFT?
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I don't think this is true. You'd have to burn an entire forest worth of resources to do something like that. The NFT might have the hash at best.

The way you described it is exactly what it is. I have no idea what panthera is talking about but maybe he can provide some links to educate us further. Oh, and no hypotheticals, I want to see real-life stuff.

For the most part, unless maybe there was a hash in the chain, I could take your NFTs (which arent actually yours, you just own the link) and replace it with midget porn and now you own the link to the midget porn.

Actually someone already did something similar on OpenSea, which is the worlds #1 NFT marketplace:

https://cointelegraph.com/news/opensea-collector-pulls-the-rug-on-nfts-to-highlight-arbitrary-value

A crypto artist known as "Neitherconfirm" recently listed 26 nonfungible tokens, or NFTs, for sale on OpenSea's digital marketplace. Things took an unexpected turn earlier Tuesday, however, after the artist changed the images associated with each token from computer-generated portraits into photos of literal carpets.
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panthera said:
The only downside as far as I'm concerned is not having bitcoin. I'm long bitcoin short the dollar. Have sold zero bitcoin for about 4 years. I accumulate more when I have cash that needs a place to be. I also want to contribute to the network. There's more to bitcoin than just the token.
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I've said my piece about Bitcoin, for the people hopping on the bandwagon, but you have been fully informed and fully comitted.

I admire your passion for this form of currency, I think that life without a passion is pretty empty and you clearly have a passion for this. While I have other passions, I can respect your passion and wish you the best of luck as it all evolves. :thumbup
 
I'm not interested in spoon feeding anyone information. It's all out there. I don't have time for peeing contests. I made my bed and will happily sleep in it with no complaints. Good luck to you all.
 
panthera said:
For those interested, tonight is the bitcoin meet up in Redding. I'm also going to be finished with my building downtown and will be starting a Bitcoin Redding Citadel for bitcoiners wanting to work on bitcoin projects and bitcoin start ups. It will be ran in conjunction with the Austin Pleb Lab. I'll post up pics and a website when I'm complete for those interested.
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I'm very interested to hear your progress on this! This looks like ground-level type of innovation.

speaking as pretty much a complete n00b, do you guys like copy the open source code from other blockchain projects and then modify it? How is it you go about creating new stuff?

actually I think a better question is, where would you point a person who is interested in this blockchain stuff, has no/little programming exp, to start?
 
Right now Im finishing up renovating the building inside and out. We have a good group of core guys that attend the weekly meet and we have been bouncing ideas back and forth on how to do this. We are setting up a podcasting studio in one room. My wife will take one room for her work and the rest will be used for education. We are planning on starting beginner bitcoin and blockchain classes for kids. Most of us have adolescent children that we have been teaching for some time now and want to offer beginner classes to others. There is no business model for what we are doing. I paid for the building and do not care if I make a cent. This is a grass roots movement by Redding Bitcoiners and we will donate our time and resources to make this work. We have guys who already work in the bitcoin space that have apps to onboard local businesses to accept bitcoin easily for their goods and services. I have some guys coming from the Austin lab to help with set up and ideas to make this a great space to come and get educated. Mostly for free. Or goal is not money but education.
I would direct you to https://aantonop.com/educational-videos/ for free content that will not be matched. If you need books and cannot afford them, contact Andreas and he will provide them for free.
If you are a developer then you can choose whatever you want to work on. If you think you have a better path on the direction of bitcoin, you can go to git hub and submit you change to the protocol. If what you are doing is legit and has purpose, the bitcoin community will look at it and vet your change and we will all vote on the change just like we always have. Thats where forks come in. Hard or soft. There is too much for me to explain here. When I am done everyone is invited to come and check out what we are doing.
 
:thumbup thanks!

I need multiple sources of education for something complex like this to stick with me. For youtube, I've mostly been using 99 bitcoins and finematics. I'll check aantonop out.
 
HappyHighwayman said:
People were pushing bitcoin as a good buy when it was at its peak, and now it's worth half the amount.
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It really doesn’t matter when you get into Bitcoin… at $100, 10k, 20k, 30k, 40k, 50k and 60k.

Those that buy the dips….are sitting in a very good spot. Those that panic and sell the dip think they missed the opportunity and it’s only a short fad. Then you have those that don’t even have any that will do nothing more than hate.

It’s funny a friend of mine thought this was a scam… they bought at 6k and more at 20 and 30. He’s doing very well today and I’m sure many more are as well.
 
Feds arrest couple, seize $3.6 billion in hacked bitcoin funds
WASHINGTON - The Justice Department announced Tuesday it had seized more than $3.6 billion in bitcoin allegedly stolen as part of a 2016 hack of Bitfinex, saying authorities have also arrested a husband and wife in New York for allegedly trying to launder the cryptocurrency fortune.

Officials said Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, were charged with conspiring to launder money. They are accused of trying to launder 119,754 bitcoin that were stolen after a hacker breached the cryptocurrency exchange Bitfinex and initiated more than 2,000 unauthorized transactions. Prosecutors said the bitcoin was sent to a digital wallet controlled by Lichtenstein.

At the time of the theft, that amount of bitcoin was worth about $71 million. But the cryptocurrency has appreciated so much in the years since that the total value is now around $4.5 billion. Federal officials said they were able to seize about 94,000 of the stolen bitcoin, with an estimated value of $3.6 billion.
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I wonder if the original owners will get their bitcoins back?
 
Bitcoin folk see it completely different. If we lost 100 btc then and got back 100 today, we broke even. This is why I don't care what price it's at. I have some extra cash, I buy bitcoin. We think in a bitcoin standard.
 
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