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If I understand it correctly, that receipt in conjunction with your keys allows you to prove you own the NFT and can control it on the blockchain(sell it, trade
by knowaveragejoe 6y ago
If I understand it correctly, that receipt in conjunction with your keys allows you to prove you own the NFT and can control it on the blockchain(sell it, trade it, etc).
- baobabKoodaa 6y ago> If I understand it correctly, that receipt in conjunction with your keys allows you to prove you own the NFT and can control it on the blockchain(sell it, trade it, etc). And one should be happy to control the receipt of their purchase of imaginary goods? Ok.
- knowaveragejoe 6y agoCurrently, when it comes to Dorsey's tweet? Yeah I agree. But there is more going on and it will not always be "imaginary goods". https://medium.com/treum_io/on-chain-artwork-nfts-f0556653c9f3 https://medium.com/treum_io/on-chain-artwork-nfts-f0556653c9...
- lottin 6y agoBut the NFT is the receipt, if I understand correctly. You own a receipt (the NFT), and you can trade it, but why are people buying and selling receipts? You make a payment, you get a receipt, and nothing else, which makes absolutely no sense. Usually, when you buy something you get a receipt for free and then the actual thing that you have bought.
- knowaveragejoe 6y agoI think at that point the platform upon which the receipt resides will prevent people from making duplicates on their chain, and the owner of the receipt have control over buying/selling it.
- SideburnsOfDoom 6y agoIf you have essentially bought a jpeg image, you have as much control over it as anyone else: Anyone can view, transmit or edit it, etc. Your "proven purchase" grants you exactly nothing extra.