The fact that a transaction occurred is on the blockchain- that's basically the blockchain's only function. However, it has basically no way to determine whether or not the transaction is between two wallets owned by the same person.
Yeah but the receipt says that this jpg is worth $23m. You can't argue with that.
Unless you took a photo of the receipt, then minted it as an nft, then burned the physical receipt thus making its value intangible, then you can have a $50m jpg of a receipt of a $23m jpg. It's genius!
Is there a way to verify these transactions are real? Or can you just say your jpg sold for this much?
I'm gonna put this jpg up for sale for $23m
Then, me in a mustache is gonna buy it for $23m
The trade is real, money has exchanged hands/accounts, only i own both hands/accounts
That definitely makes sense, but is there a way to see that the money changed wallets or whatever they're called? Or is it reliant only on tweets?
The fact that a transaction occurred is on the blockchain- that's basically the blockchain's only function. However, it has basically no way to determine whether or not the transaction is between two wallets owned by the same person.
yeah, that is the one thing the blockchain can do, and the one thing you can trust with certainty.
this transaction happened. everything surrounding it is likely a lie.
Yes, that's the Block chain, or the transaction ledger.
Basically tweets in a spreadsheet only you can't retroactively alter it, only add to it
We're killing the planet for electronic receipts, lmao? Le epic.
Yeah but the receipt says that this jpg is worth $23m. You can't argue with that.
Unless you took a photo of the receipt, then minted it as an nft, then burned the physical receipt thus making its value intangible, then you can have a $50m jpg of a receipt of a $23m jpg. It's genius!
Mao, where art thou?
Unless some important dipshit gets butthurted by some scam so they actually do change the blockchain
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