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Youtube has been successful even though most videos are watched a dozen times or so. NFTs are a parallel copyright system. The market price of an NFT that viol
by resters 6y ago
Youtube has been successful even though most videos are watched a dozen times or so.
NFTs are a parallel copyright system. The market price of an NFT that violates meatspace copyright law would be a function of the relevance and enforceability of the law/jurisdiction in question.
The shortcomings cited by the author are critiques of the distriution of market prices, but there is no alternative proposed. Of course most Youtube videos get a handful of views, and of course most NFTs will be nearly worthless. That concern is orthogonal to the question of whether NFTs offer some benefits over traditional copyright mechanisms.