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Problems I see with NFTs: - What prevents anyone from launching a competing chain and re-tokenize the same assets ? - As other chains: if you lose the access t
by cranium 6y ago
Problems I see with NFTs:
- What prevents anyone from launching a competing chain and re-tokenize the same assets ?
- As other chains: if you lose the access to your private key, you're done.
- For real world assets (like a house), you have to enforce that the token is equivalent to the asset. That is: ownership of one implies the ownership of the other. Legally, it looks like a hell of a thorny problem: high-frequency house trading anyone ?