Several months ago I’ve created an NFT – just out of curiosity on OpenSea.io platform using a Private Key in my Browser – thanks to the Meta Mask Plugin.
Very recently, I’ve dived deep into the Crypto Space with several crypto steps. The first one is the Web3 login. To ease the second (and maybe the 3rd) step(s), I’ve tried several 3rd Party Services. To become truly independent I need to have the hardware and software and run a full Ethereum Node. I’ve registered an account with infura and moralis.
And to my surprise, I’ve found that the NFT I’ve minted was in real technical possession of OpenSea and not to the Key stored inside the Plugin of my Browser. I did found a button to transfer the NFT to my own address, but it is costing at the moment [30.11.2021] – around 100$ which and I am not willing to spend for an ownership of simple Photo that I’ve experimented with. I may do it in the future for some more meaningful work.
This is just an example – that, how deep you must be aware of things. One must dive deep into the code and get his/her hands dirty. The true – even technical ownership and control is very layered. My own knowledge is evolving with every step I take deep into the technical details.
And I cannot stress more – about things that are totally outside of the our attention – technically speaking.
- You cannot verify how is your vote counted. If you were able to download, execute and extract the summary on your own, maybe you could have more trust on the System.
- On the Blockchain side, besides the NFT Marketplaces, you rise the risk using the Liquidity providing protocols, the Decentralized Autonomous Organizations Apps, etc.
- The Old school Web 2.0 Platforms – Social Networks, Email Providers, etc.
- You cannot truly control – government, bank, corporation, life partner, children or whatever.
And, if you don’t control the authorization and authentication key – you don’t have anything – even technically speaking.