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We already have a way of selling rights, he has been able to buy the rights to songs for decades. Of course if you are selling to him something he already cons
by insert_coin 6y ago
We already have a way of selling rights, he has been able to buy the rights to songs for decades.
Of course if you are selling to him something he already considers valuable at a very very low price he is gonna want to buy it. It has nothing to do with it being an NFT.
In short, he conceded no point but you did: the NFT in itself is not the valuable part, what's being sold is.
- qqii 6y agoRights are actually an intersting example for the use case of NFTs. Blockchains can produce stronger guarentees than trusted timestamping. This is often used to prove digital existence and ownership. Given the adoption of this interpretation in law disputes about digital ownership can amount to a digital signature with the private key.
- iamben 6y agoYeah - I think a lot of my thoughts regarding NFTs have been "why do we need a NFT for this" (much like "why do we need a blockchain for this" during the ICO craze). From what I can see, pretty much everything getting hyped with NFTs can already be achieved without them.