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> So then what's the point? It's useful to keep track of ownership of digital goods. And if you did it in a centralized way there are issues with that. We have
by im3w1l 5y ago
> So then what's the point?
It's useful to keep track of ownership of digital goods. And if you did it in a centralized way there are issues with that. We have seen with Amazon and Apple that there can be issues with ownership getting revoked, or services being discontinued as with Google music. It may also not be transferrable. And if you instead make the Government keep track of who owns what there can be some privacy concerns.
- manigandham 5y agoOwnership means nothing without adjudication and enforcement, and that's still centralized which means ownership is centralized. NFTs don't change anything, they're not real ownership.
- im3w1l 5y agoYes it would need to be fit into a legal framework, and would benefit by being integrated with centralized systems made by companies. I think you are arguing against some kind of "everything should be fully decentralized" ideal, which is not what this would be. Rather, it could offer clear benefits here and now by integrating with current systems and institutions.
- manigandham 5y agoLike I said, if the ownership is centralized then what are you "decentralizing" exactly? The point is there are no benefits. At best you changed how the paperwork is stored, which is a non-issue.