this post was submitted on 26 Feb 2026
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Still false, you own the token representing the monkey but not the monkey itself
The correct understanding of NFTs has always been trivial: they're certificates. What they certify is not determined.
Anyone telling you anything else is either lying, or a moron (or has been lied to, which is not incompatible with being a moron).
Isn't it basically just a receipt?
It's more general than that; a receipt is like a certificate that certifies that you bought something, but an NFT could certify something else.
Provenance is a major issue in art. NFTs provide the best provenance yet.
The type of use case I see it could be good for is Software ownership. One could sell his copy of a game or give it to someone else by exchanging the token and the software could use it to validate ownership.
It's a bitcoin that can't be swapped for other bitcoins, right?
Yes that's also true... I would venture that it's not as useful in general to understand the concept though :)
Yuppp
The anti-NFT crowd won with lies, helped by the loudest pro-NFT voices also being absolute morons and focusing on the dumbest possible ways to actually implement it.
Let it go man, the NFTs aren't coming back.
Good ideas never die ;)
To be clear I didn't get into "NFTs" during the craze at all because I knew what NFTs are supposed to be and personalized pictures of monkeys is not it.
At the same time it was hilarious how stupid the arguments on both sides were.
You sound like someone who thinks an nft is something other than a certificate.
Replace "token" with "title" and "monkey" with "car," and you've got a formula most people understand.
I own the title, but I don't own the car.
Unlike the monkey, you can go find the car in the real world.
A closer analogy is Copyright Registration. You submit a work to the copyright office, claiming to be the original artist. If there is ever a dispute, the submission serves as evidence as to the date and time you claimed the work. If it predates the claims of another, and they can't prove you transferred the work to them, you win the case.
But eventually you own the car. You never own the monkey.
Plus you can trust that no one else has your car, whereas you have no way of knowing how may times your monkey was copied or how may exist outside the scope of your βcertificateβ
"You wouldn't download a car..."
Thatβs the worst part, where the reality is the opposite.
Its not about whether you actually own the thing or not, its the record of you owning it.
Without a central body enforcing it its basically pointless, similar to if you don't own the title of the car you don't actually have record of ownership and therefore don't have the rights to go along with that legally. (In theory lol)
The potential advantage of it being on an immutable blockchain means there's a permanent record that isn't tied to a piece of paper, and the distributed nature of most blockchains ensure there isn't a single point of failure. (In theory again)
If you don't have the title to your car, and no one else does either, you can prove ownership by possession. Same with NFT, you prove ownership because you possess the wallet credentials.
So what if someone steals your car, what then?
Edit agree on the NFT point, that is the whole idea right lol
Nooo bro, I totally OWN that jay-peg bro, you can look it up bro, the token is non fungible bro, do you even know what that means, bro?