this post was submitted on 30 Sep 2023
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Sorry Pete but blockchain is so 2020. Everyone knows AI is the new hotness in tech buzzwords.
What happens if/when the servers your business is located on are switched off?
Ownership and creativity exit stage left.
Heavens to Murgatroyd!
If they use the blockchain as designed, there will be no central server to switch off - it's just running in a bunch of basements. They rarely do, though.
The person who stated this a while ago deleted their comment so the reply may not have made sense:
The blockchain does not contain the digital assets. it is just a ledger saying who owns the assets.
If the place the blockchain ledger points to no longer exists, the ledger is useless.
Same with NFT's, they are digital receipts that point to a web address, If the web address closes down, the NFT is useless.
For a real world analogy.
A deed (blockchain ledger) proves you own a house (digital asset stored on the game server). If the house burns down (game server is switched off), the deed still exists but it is useless as the asset it describes no longer does.
An NFT doesn't need to point to a web address - the ape picture can be stored on the blockchain too.
So on the case of a game, everyone can be running their own server, using a blockchain to keep the shared world in sync. There's no physical product to begin with.
Cries in Rock Band
The blockchain does not contain the assets he is talking about. it is just a ledger saying who owns the assets.
If the place the blockchain ledger points to no longer exists, the ledger is useless.
Same with NFT's, they are digital receipts that point to a web address, If the web address closes down, the NFT is useless.
Not sure you understand what you are talking about there bubs.
I get how the blockchain works.
I was responding specifically to the end of your comment:
I probably should have quoted you.
Gotta admire the misplaced condescension.
Eh? That's not how a block chain works.