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> an NFT is an abstract handle to which various rights can optionally be attached. What I find confusing is the following: Rights are meaningless without enfo

by maest 5y ago

> an NFT is an abstract handle to which various rights can optionally be attached. What I find confusing is the following: Rights are meaningless without enforcement (in the real world). Who is going to enforce NFTs? There's no government or other authority standing behind this tech. Compare NFTs with patents/digital rights - in both cases I "own" the artwork in some sense, but digital rights/patents, there are entire mechanisms that ensure these rights can be enforced. With NFT, I can just ignore them without any issue. My question is: how are NFT rights enforced?

deleted 5y ago
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detaro 5y ago
You make a license that ties rights to the NFT, and use the legal system. E.g. a license that says "whoever holds this NFT gets the right to display the artwork it's for", if you want to sort-of match the sale of a traditional artwork.
- LegitShady 5y ago
  In other words, its a digital certificate of ownership/rights that has no enforcement mechanism and still requires a contract, a lawyer, a court, and a society that enforces rights laws to run. NFTs are actually speculation scams being run on the uninformed using buzzwords like blockchain and crypto while themselves being worthless. A digital certificate of authenticity for an infinitely reproducible good which still requires major cost and legal intervention to enforce. A highly corrupt speculation scam using buzzwords about blockchain.
- lvturner 5y ago
  But which legal system? I’m almost tempted to setup-shop ‘stealing’ NFTs and displaying them in a gallery, I imagine if I set everything up off shore to the US that I will risk pretty little Anyone does DMCA etc even apply here? Even if it does, I can just host in a country that ignores it…
  - detaro 5y ago
    Just as you can with anything else copyrighted. Why would that be any different? NFTs just are a different way of tracking who has them, noting more.
D13Fd 5y ago
Luckily there is nothing to enforce absent parties contractually tying rights to NFT holders. And at that point you just have a contract, enforced by the courts.
rchaud 5y ago
> My question is: how are NFT rights enforced? Charlie and his older brother will work in the new compliance department where they search Youtube and Dailymotion every day and flag CBMF duplicate uploads.

by maest 5y ago

deleted 5y ago

[deleted]

detaro 5y ago

You make a license that ties rights to the NFT, and use the legal system. E.g. a license that says "whoever holds this NFT gets the right to display the artwork it's for", if you want to sort-of match the sale of a traditional artwork.

LegitShady 5y ago
In other words, its a digital certificate of ownership/rights that has no enforcement mechanism and still requires a contract, a lawyer, a court, and a society that enforces rights laws to run. NFTs are actually speculation scams being run on the uninformed using buzzwords like blockchain and crypto while themselves being worthless. A digital certificate of authenticity for an infinitely reproducible good which still requires major cost and legal intervention to enforce. A highly corrupt speculation scam using buzzwords about blockchain.
lvturner 5y ago
But which legal system? I’m almost tempted to setup-shop ‘stealing’ NFTs and displaying them in a gallery, I imagine if I set everything up off shore to the US that I will risk pretty little Anyone does DMCA etc even apply here? Even if it does, I can just host in a country that ignores it…
- detaro 5y ago
  Just as you can with anything else copyrighted. Why would that be any different? NFTs just are a different way of tracking who has them, noting more.

D13Fd 5y ago

Luckily there is nothing to enforce absent parties contractually tying rights to NFT holders. And at that point you just have a contract, enforced by the courts.

rchaud 5y ago

> My question is: how are NFT rights enforced? Charlie and his older brother will work in the new compliance department where they search Youtube and Dailymotion every day and flag CBMF duplicate uploads.