Damus
fiatjaf profile picture
fiatjaf
@fiatjaf
Putting jpegs on the blockchain is a bad idea not because they take a ton of space and are ugly, but because NFTs or digital collectibles shouldn't be an actual file. They should be an abstraction over an idea that could potentially be represented in multiple ways.

Or at least that makes more sense to me and it is also much nicer in practice.
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kori · 159w
The only well-identified problem is where the abstraction is too tightly coupled and those services go down and then the abstraction is useless.
Alex Jones · 159w
https://void.cat/d/9Ky4G5vWC9bkRWKEym71F6.webp
Leo Fernevak · 159w
Yup, pictures on bitcoin L1 is a bad idea for many reasons. From the artist point of view, it's not possible to put an original art file, such as a high quality PNG file of 6k x 6k pixels, on bitcoin L1. There's no space for that. As a result, anyone can falsely put a low resolution version of othe...
faisal · 159w
Couldn’t zap. Something off with your address
vectr · 158w
The blockchain, layer 1, is intended to immortalize bitcoin settlement transactions. It’s not meant to, and shouldn’t be used to immortalize the reason for settlement, or really to persist anything else. You can piss into an aquarium but it’s a really stupid idea and reasonable people will thi...
point-alpha · 158w
Could you pls explain : … abstraction over an idea….?
Hunter ₿eaṩt · 158w
This already exists, it's called RGB21... See more on rgb.info and rgb.tech. RGB is nice because it's an entire generalized smart contract framework, that keeps the vast majority of its data off-chain. Only on-chain bytes needed are to prove ownership and the capability to spend. Only 111.5 vB in a ...
pam · 158w
didn’t see it this way before and you are absolutely right
Tubii · 158w
The size of the blockchain is an upcoming issue... for most of the crypto in general. Btc main chain is around 400+ Gb just for the transaction data.
nout · 158w
How do you spec out the idea of specific art other than instantiating it?
Andruw · 158w
Either way the market will take care of this. I say if someone wants to spend thousands in fees to put a dumb jpg on the chain then so be it. Ultimately on a large scale the underlying value of such actions will have to be greater than the cost to publish, which I don’t see happening for trivi...
Joe · 158w
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Joe · 158w
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Tim · 158w
Bitcoin shouldn't be an all purpose database is what you mean?