NFT Immutability Debate Grows as Tokenized Tweets Get Deleted and NFT Images ...
Over the last few months, the non-fungible token (NFT) space has heated up and NFTs have become a topical conversation in the cryptocurrency community. Many supporters believe that NFTs are going to be huge and transform everything from the art industry to online gaming. Others believe that NFTs are completely worthless and nothing more than the hype seen during the initial coin offering (ICO) phase in 2017. Non-Fungible Token Assets and Reliable Immutability Data shows that to-date, more than 5.3 million non-fungible token (NFT) asset sales have been recorded on nonfungible.com’s....
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Immutability! It's the buzzword that magically transforms a simple database into the next milliondollar VC fundraise. However, most of the projects that advertise this feature are not being entirely honest about just what kind of immutability they're offering. And it's becoming increasingly clear that nearly all of these claims are at best, hyperbolic. So what is immutability? Immutability is the feature of a blockchain that persists data forever, free from censorship and despite the disincentives to do so for some period of time. Typically, "forever". Prior to blockchain,....
Not too long following the major news story that Mark Karpeles/Mt. Gox would be resigning their board seat at the Bitcoin Foundation comes news that the Tokyo-based exchange has deleted all of their tweets on Twitter. It's actually one of the largest bitcoin-related Twitter accounts, and the company's move to simply get rid of all of their previous tweets signals that something is going on. But it's not exactly a loss for the company's followers. Mt. Gox never really did use their Twitter account to post company updates and the like. A vast amount of their tweets were automated messages....
21 Inc. founder Balaji Srinivasan is a finalist to lead Donald Trump’s Federal Drug Administration (FDA). After being announced as a pick for Trump’s FDA, the ardent transhumanist deleted not only his thousands of tweets, but also his Medium blog posts. Social Media Memory Hole. In his social media activity, the tech entrepreneur’s tweets were critical....
Twitter deleted the tweets in question and suspended Brantly Millegan’s account, preventing him from responding to critics and supporters on the social media platform. True Names Limited, the nonprofit behind distributed domain protocol Ethereum Name Service, announced it would be ending its contract with director of operations Brantly Millegan after many uncovered his previously posted anti-LBGTQIA tweets.On Feb. 6, the decentralized autonomous organization of Ethereum Name Service, or ENS, asked users to weigh in on what actions, if any, should be taken against Millegan in regards to a....
In a permissionless environment like bitcoin, absolute immutability is one of blockchain's greatest strengths. For those who only believe in the permissionless mode of blockchain solutions, there is no need to discuss alternatives. But as industries explore new uses for blockchain beyond cryptocurrency and permissionless systems, there will be situations when that same immutability could make it difficult for the technology to advance. For decentralized cryptocurrency systems, immutability has been crucial in building trust between parties and faith in the system, and that has resulted in....