Replying to Avatar Save Invest Repeat

NFTs is not just collectibles though. Yes, that's its main attraction now but a lot more can be achieved with NFTs.

For example, in India - a police station use NFTs to publish cases filed so that no one can change it.

Also, a university here issues degree certificate as NFT so anyone in the world can verify.

Those new use cases are slowly popping off now
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Rich Nost 2y ago

Why doesnt the police station simply hash the original document to verify it hasnt been altered? No fees to be paid and no need to pollute a public digital Commons with ephemeral data

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Rich Nost 2y ago

NGL most of these third world blockchain solutions sound like some corrupt official was bribed to greenlight another useless X-but-in-the-Blockchain project that a group of investors was looking to dump on a taxpaying public.

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Save Invest Repeat 2y ago

Yes there are many such cases.

But out of those many are trying to innovate as well. Those failure attempts will lead us to someone really efficient.

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Save Invest Repeat 2y ago

How do I tell rest of community that I have a hash and that isn't altered if it isn't on a public ledger?

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Rich Nost 2y ago

Why do you care if it is just a matter between the state and you. The state and you are the only two parties who care about trustlessness at that juncture.