> they just have some piece of paper which they use to enforce their "ownership" with violence Technically, the state has the "monopoly of the legitimate use o

> they just have some piece of paper which they use to enforce their "ownership" with violence Technically, the state has the "monopoly of the legitimate use of physical force" and other actions, so the threat of violence to non-compliers is part of the law (and probably the largest part if you go far enough back in time to when the land claim originated). But this is a digression, unless you're making the point that NFTs and suchlike junk are lacking even that customary legitimacy. Without it, a dollar is mere "paper fiat". With it, it's a buck. > It's almost like a parody of private property ownership. Yep, without backing, this is make-believe ownership. Not technically enforceable on a .jpg image, not legally enforceable because existing property rights laws take precedence.