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NFTs cannot guarantee the ownership of an original digital asset despite its claims because a digital asset has no original. They cannot even guarantee the owne
by insert_coin 6y ago
NFTs cannot guarantee the ownership of an original digital asset despite its claims because a digital asset has no original.
They cannot even guarantee the ownership of a limited production "edition".
- andybak 6y agoI agree. But my point is that this is only a matter of degree more stupid than the concept of limited edition prints. Or $10000 cigars you can't smoke. Or a hotel room that costs similar amounts per night. The list goes on.
- URSpider94 6y agoThey can guarantee part of a limited edition, if the contract is written such that only x tokens can be issued. If a future contract issues more copies, then that release will be less valuable by nature of it being later/less exclusive, even though it’s the same physical file.
- insert_coin 6y agoYou don't need contracts to make copies of digital assets.
- kgwgk 6y agoThe point is that the token only guarantees the ownership of a token from a limited edition of tokens.