u/NoahDiesSlowly explains the problems with NFTs.

This page summarizes the projects mentioned and recommended in the original post on /r/bestof

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  • ipfs

    Peer-to-peer hypermedia protocol

  • HOWEVER, most NFTs aren't stored on centralized servers and instead use a decentralized storage system called IPFS https://ipfs.io/ - this means no one can just remove the JPEG because it's hosted by a network of different piers.

  • SecretNetwork

    𝕊 The Secret Network

  • Or imagine that the voting registration process asks you to create your own wallet and prove ownership through a verification process. Now when an election happens, the government sends out NFTs representing votes to every registered voter, who then gift these NFTs to the candidates they want to vote for. Candidates prove their vote count by sharing their view key with the government, and elections are decided within minutes of closing. If something like the Secret network were used for this, voting could even be done anonymously while still being able to prove that the government minted every single vote token.

  • InfluxDB

    Power Real-Time Data Analytics at Scale. Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.

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  • monero

    Monero: the secure, private, untraceable cryptocurrency

  • An excellent example of this is Monero (r/monero). This project does exactly one thing: Allow for movement of money from one party to another, with privacy as the uncompromisable, relentlessly-pursued goal.

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