23 million. I can’t even wrap my head around that much for a couple pixels.
*23 million for a deed saying you own the location where a couple pixels will probably be for the foreseeable future. Until the server goes down.
The one thing I’ve learned from NFTs is wash trades
Is that when person A gives person B Etherium for them to buy an NFT for outrageous sums of money in order to promote NFTs?
IMO money laundering is also a huge possibility.
Yes but there’s no need for a person B, person A only needs to exchange ETH between wallets and the Blockchain can’t tell the difference
This is a million percent some kind of money laundering thing
Is there a way to verify these transactions are real? Or can you just say your jpg sold for this much?
I’m gonna put this jpg up for sale for $23m
Then, me in a mustache is gonna buy it for $23m
The trade is real, money has exchanged hands/accounts, only i own both hands/accounts
That definitely makes sense, but is there a way to see that the money changed wallets or whatever they’re called? Or is it reliant only on tweets?
The fact that a transaction occurred is on the blockchain- that’s basically the blockchain’s only function. However, it has basically no way to determine whether or not the transaction is between two wallets owned by the same person.
Yes, that’s the Block chain, or the transaction ledger.
Basically tweets in a spreadsheet only you can’t retroactively alter it, only add to it
I don’t get it, and I don’t want anyone to explain it to me.
