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DNS can be thought of as an early form of NFT - something that is purely digital and has a unique owner. I think this is an interesting metaphor that goes even
by petercooper 5y ago
DNS can be thought of as an early form of NFT - something that is purely digital and has a unique owner.
I think this is an interesting metaphor that goes even further than that. Much like the global DNS system, NFTs only work if people trust and adhere to which (single) system has been used to trade a work/define a domain name. Because I could easily create my own separate DNS and sell "microsoft.com" on it for $100 to anyone, but no-one uses or trusts my DNS.
- seibelj 5y agoYou need applications to integrate with the blockchain rails and start using it as a source of truth. As the ecosystem develops and more applications to do, it organically occurs. For example, Ethereum Name Service (ENS) is a name service on Ethereum https://ens.domains/ https://ens.domains/ Brave Browser has natively integrated with it, and .eth domains are tied into it. As more browsers and tools integrate with it, the value of it continues organically. There is no top-down government or organization making this happen - it all happens organically.
- Joeboy 5y agoBut, it's at best an source of alternative truth, to the one that's recognised by the courts.
- gizmo686 5y agoThere is no authoritative source of truth for the courts. When a property dispute goes before courts, they are allowed to look at many different forms of evidence and make a ruling based on that, even if said ruling disagrees with an official government database.
- Joeboy 5y agoAnd if somebody has an entry in a blockchain saying they own Star Wars, how much weight would you expect the courts to give that?