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> How would an NFT be better than the above database in any way? It wouldn't depend on the benevolence of a third-party absorbing the cost of running the index

> How would an NFT be better than the above database in any way? It wouldn't depend on the benevolence of a third-party absorbing the cost of running the index. It would be geographically and culturally agnostic. Zoom out here and notice how little of the World's population is involved: https://map.bikewise.org/#0/84/-77 https://map.bikewise.org/#0/84/-77 It would be globally unique and would not require the cooperation of manufacturers. Neither of my two bikes has a serial number because they're 'too old'. Other bikes have conflicting serial numbers. It would eliminate the privacy and security risks of maintaining a central database of PII and associated valuable assets.

__float 6y ago
> It would be geographically and culturally agnostic Who's to say everyone is using the same NFTs for this? We already see a variety of different platforms for NFT art. > It would eliminate the privacy and security risks of maintaining a central database of PII and associated valuable assets. How are there now fewer privacy and security risks when the entire blockchain is completely public? Where's the privacy?
handmodel 6y ago
I still am confused by this though. If the police/government don't acknowledge this then you can't really get it back without a fight. Wouldn't you rather just have it run by an entity the legal system can point to? If you don't trust the legal system...then I really doubt that having a third-party website is going to help you with a bike thief in anyway.
grey-area 6y ago
No instead it would foist that externality on the entire world in the form of carbon emissions and depend on the highly uncertain future value of a cryptocurrency. And it would still require a third party to benevolently run an app to search and make sense of the data from the ledger, and also to verify that the data inserted was actually real and not poisoning the db.
j4yav 6y ago
How would you prove to a blockchain that a particular serial number really is owned by you, or was lost, or all the other things that can happen that don’t occur on the blockchain? Aren’t you sort of back to needing the cooperation of lots of different entities globally, and some kind of authority equivalent to the third party database maintainer to ensure the data makes sense?

__float 6y ago

> It would be geographically and culturally agnostic Who's to say everyone is using the same NFTs for this? We already see a variety of different platforms for NFT art. > It would eliminate the privacy and security risks of maintaining a central database of PII and associated valuable assets. How are there now fewer privacy and security risks when the entire blockchain is completely public? Where's the privacy?

handmodel 6y ago

I still am confused by this though. If the police/government don't acknowledge this then you can't really get it back without a fight. Wouldn't you rather just have it run by an entity the legal system can point to? If you don't trust the legal system...then I really doubt that having a third-party website is going to help you with a bike thief in anyway.

grey-area 6y ago

No instead it would foist that externality on the entire world in the form of carbon emissions and depend on the highly uncertain future value of a cryptocurrency. And it would still require a third party to benevolently run an app to search and make sense of the data from the ledger, and also to verify that the data inserted was actually real and not poisoning the db.

j4yav 6y ago

How would you prove to a blockchain that a particular serial number really is owned by you, or was lost, or all the other things that can happen that don’t occur on the blockchain? Aren’t you sort of back to needing the cooperation of lots of different entities globally, and some kind of authority equivalent to the third party database maintainer to ensure the data makes sense?