Am I misunderstanding a core concept or saink?
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brb man-child cuck corporate supplicant fuck, Wed 27 Apr 2022, 20:19,
Reply)
yup
nfts themselves are never lost.
what is lost (or misappropriated by a hacker) is the private cryptographic key needed to authorise a transaction, such as the transfer of ownership to someone else.
every transaction in a blockchain is inviolable and can be traced. this is especially true with nfts because of their uniqueness.
so the keys for affected nfts are likely just to be sat on until some way of reselling the nft without giving the perps away can be found. maybe there already is a way. i don't much care. it's the business of criminals.
the worth of the nft itself is irrelevant here. that's just subject to a market just like any other rare or collectible thing.
when they say $13M, they're referring to the floor price of the artworks on opensea or wherever they're sold. i think those prices are nuts, but i think the same of a lot of art. what do i know?
(, Thu 28 Apr 2022, 7:24, Reply)