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A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore.(www.theverge.com)

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magic_lobster_party@kbin.social
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At this point I hope no one’s surprised about this.

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mihor@lemmy.ml
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I’m surprised with the amateurish design of the smart contracts.

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ourob@discuss.tchncs.de
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In hindsight, that’s about the least surprising thing for me. The smart contract system (like everything around cryptocurrency) was not designed and implemented by legal or financial experts. It was designed by tech bros who think they’re smarter than everyone else because they’re competent at programming and/or math.

That’s the generous interpretation, anyway. The less generous interpretation is that the people who designed the system knew it was all bullshit and just wanted to scam people to make a quick buck.

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