​NFT Questions To Ponder.

...Speaking of Bitcoin NFTs...Luke Dashjr (don't make us say that name out loud) is one of the original Bitcoin developers.

A few days ago a picture of some of the code he wrote was sold as an NFT on the Bitcoin network.

Problem is, he didn't list the NFT.

The person(s) who did, used his name and likeness, and he didn't know about the plans for the NFT until after it was sold (for 0.41 BTC which is roughly $9500 USD).

Which raises some questions:

  1. Bitcoin's code is open-source, meaning anyone with access to the internet can view it right here. But does that mean anyone should be able to take it and profit from it?

  2. In a world where you can claim whatever usernames are available, where do we draw the line between being pseudonymous and stealing someone else's identity?

    Because, hey, 'user1987234' sure won't have anywhere near as much demand for an NFT as '@LukeDashjr'.

  3. The seller of this NFT reached out to Dashjr, offering 90% of the funds from the sale, but he declined the offer.

    Luke believes it's an attempt to bribe him, in the hope that he won't reveal their scheme to others.

    But that raises more questions than answers. How many times has this happened?

Moral of the story?

When buying NFTs - no matter which network they're associated with - always triple check that the seller is legitimate, and the art is authentic.

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​The Bored Ape Creators Are Launching NFTs on Bitcoin (But It Won’t Be Easy)