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None of which in any way responds to what I said. NFTs, by design, have no fraud prevention mechanism and no mechanism for getting your money back if you were scammed. They allow for arbitrarily many tokens to be minted of the same thing, with no obvious mechanism for people to realize that's what's happening.


Smart contracts can and do limit the amount which can be minted. And fraud exists everywhere, regardless of institutional controls - this is where community matters.


But you can just make a new smart contract that does the same thing, no? Smart contracts themselves can just be copied.

And saying that the "community" will take care of the fraud issue - isn't this a step backwards?


Sure, but it has a different address...there is no possibility of confusion. Something from the 1950s is not going to be confused with something from the 1980s, especially with a blockchain timestamp.


Funny how community came up in the article as one of the ways NFT is really just MLM...


Community comes up in every facet of life...what's your point here?




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