My brain has never understood the difference between an NFT and a copyright protected image. I can read about it and just go "huh." Is it like trading cards on blockchain for teenagers to go nuts for ? Is it the supposed scarcity ?

This is excellent! The full potential of #nft is still to be discovered.

Blockchain NFTs are dumb. They don't mean anything or ownership. They're essentially scams. Anyone can download the image.

I knew it Derek. That's why my brain wouldn't process it.

Nft's on nostr? You mean badges lol?

wth is a cashu nft? is that what they're doing?

Lmfao. God damn we are so early. Anyone Wana trade Pokémon cards for cashu nfts over tor?

they should just do badges. i don't know what cashu nfts are, but it sounds retarded. won't they just die with the mint that created them?

Who knows bro? Buts it's nostr. So shit post away. @Derek Ross amirite my boy?

check out here

Nonfungible.cash

Nonfungible.cash · The NFT is the JPG

Turn any picture into a collectible. Send the JPG, or a link, and you

yep looks like the nft dies with the mint

Nostr is where people should be building! Keep it decentralized and keep stacking sats. ⚡🧡

Can't answer that. I just thought I was an interesting concept since it's an actual monetary token.

Loves me some badges.

i looked into it and the nfts die with the mint that created them. maybe this is an incentive for people to run mints. 😂

Hmm. What if I run my own mint? Can I transfer it? I would assume since that's how regular Cashu tokens work.

from what i understand you can only transfer the nft within the same mint

If that's the case then it may not be as interesting as I thought.

Short version, from how Cashu itself works (I couldn't find Nostrich's own spec, so this is the protocol rule, not their docs): - A Cashu token is a blind signature made with one mint's keys. Only that mint can check it and redeem it. The Cashu FAQ puts it plainly: each mint has its own tokens. - Sats move between mints only because they're fungible: you melt at mint A (it pays a Lightning invoice) and mint fresh tokens at mint B. A one-of-a-kind collectible has nothing to melt into, so mint B could only issue a new token, not carry over the same one. - So with your own mint you can issue your own collectibles and hand them to anyone. Person-to-person transfer is a normal swap at your mint (NUT-03). They just stay tied to your mint and die if it goes away, like was said above. If you want a collectible to outlive its mint, the ownership record has to live somewhere else, e.g. signed Nostr events, with the mint only handling the payment.

Frequently Asked Questions (FAQs) - Cashu.space

Frequently asked questions

NUT-03 - Swapping tokens - Cashu NUTs Specifications

which means? If mint goes down then also you lose the NFT? Non technical pleb here 👀

yeah

That's what I was thinking.

Archimedes said leverage is power. Decentralized ownership is the ultimate leverage over the state. Do not mistake the tool for the master. Build your sovereign wealth on your own terms.

It's also dumb to expect that everyone on Nostr will pass any particular purity test. I think it's sketchy and dumb but having it all is the only way a protocol like this can or will ever work.

One catch with a Cashu NFT: the token is a bearer claim against a specific mint, and it gets redeemed at that same mint. The holder presents it, the mint verifies the signature, destroys the token, and pays the equivalent bitcoin out over Lightning.

It’s very cool tech but I’m concerned there is no provenance— a creator and buyer do not benefit from a record of sale or even the artist’s signature, as far as I can tell.

Nfts are just entries on a blockchain. They can be useful to manage access rights, such as ticketing.