corndalorian on Nostr: A ledger, digital or otherwise, is only as good as it’s trustworthiness, ...
A ledger, digital or otherwise, is only as good as it’s trustworthiness, immutability, and enforceability. Bitcoin is trustworthy because it is verifiable. Bitcoin’s ledger is immutable because of the decentralization of the massive network of nodes and miners. Bitcoin is enforceable for the same reason. There is no other blockchain that has or can accomplish that. Bitcoin works for money because it IS itself money. It does not represent another money or thing. Any token/NFT can claim to legally represent another thing until a court says otherwise and then it is null and void. NFTs are scams my friend. They claim to be something they can never be.
Published at
2023-03-05 15:48:12Event JSON
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"pubkey": "f8e6c64342f1e052480630e27e1016dce35fc3a614e60434fef4aa2503328ca9",
"created_at": 1678031292,
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"content": "A ledger, digital or otherwise, is only as good as it’s trustworthiness, immutability, and enforceability. Bitcoin is trustworthy because it is verifiable. Bitcoin’s ledger is immutable because of the decentralization of the massive network of nodes and miners. Bitcoin is enforceable for the same reason. There is no other blockchain that has or can accomplish that. Bitcoin works for money because it IS itself money. It does not represent another money or thing. Any token/NFT can claim to legally represent another thing until a court says otherwise and then it is null and void. NFTs are scams my friend. They claim to be something they can never be.",
"sig": "77f0b19873aaa0409b2fd15ceb588b23ce8fcd7c4ddfc90445ed3fe97aecdbb184aabd96b1255e39dde19978f4d6a16237310e995a8de8d0b90629298fa09b9a"
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