Let there me no misunderstanding about NFT’s, it is truly revolutionary. But in de technical specifics there is something strange.
Let’s start with what a NFT is:
is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.
The problem I’m having is this one: Ethereum, Flow and Tezos. They are not fully decentralized, which means they can be seized/hacked by people with bad intentions. The only fully decentralized money/asset is Bitcoin. It is fully censorship proof.
For example Ethereum is in part hosted on Amazon AWS. Below a screenshot. This is so important, on so many levels. First of all censorship then security and most of all trust,
The reason I do not trust amazon with this kind of trust, because of the social network Parler. Here is the full interview with the ceo and founder.
This is just my analysis and take. Do whatever you like. Lots of people have no problem with this, to them: go for it. You may generate lots of revenue and enjoy a great life. The Wuhan Corona Crisis has shown too much ‘power plays’ because of that I’m becoming more careful.