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No. If you are able to attribute identity in some way to the address that created the NFT then you can reasonably assume the NFT is legitimate. There are ways t
by dumbfounder 5y ago
No. If you are able to attribute identity in some way to the address that created the NFT then you can reasonably assume the NFT is legitimate. There are ways to do this. One can publicly declare (and prove) they control the address through a 3rd party system (Twitter, Instagram, Facebook, or some decentralized method). You can also determine based off the activity of the address itself (what and when it created nfts in the past) and make certain assumptions about the validity of a self-proclaimed identity. The address becomes the identity in a way.
- manigandham 5y agoYou just repeated the same thing. That 3rd-party centralized system that's used for "identity" can just handle the ownership too. A decentralized NFT layer adds nothing when the ownership is still dependant on something else.
- tshaddox 5y agoBut ownership of anything is always dependent on something else. People can steal physical items from you. You can tell the police and maybe they'll return the item to you. But what if the police steal the item from you? These scenarios do not demonstrate that the notion of ownership is absurd.
- manigandham 5y agoYou're conflating vastly different things. You still own something even if you don't physically have it. The concept of ownership is granted by the by the laws we are governed by. Everything else is just recording those facts and transactions. That's why you can transfer ownership by writing it down on paper. NFTs are just fancy electronic documents. It's just paperwork.
- tshaddox 5y ago> NFTs are just fancy electronic documents. It's just paperwork. Yes, of course that's what NFTs are. Is someone claiming they are something else?
- manigandham 5y agoYes, that's what the discussion is about. We don't need fancier paperwork, the existing records do just fine.
- tshaddox 5y agoI’m not really interested in devolving the conversation into an argument over what it means to “need” something. We obviously don’t need NFTs in the same way we need breathable air and water, but this just isn’t an interesting discussion.
- manigandham 5y agoThe point is that it adds no value over existing systems. You're all over the place here with your replies and it seems like it's disingenuous so I'll end it here.
- DonHopkins 5y agoSince you finally concede the obvious and undeniable fact that we need breathable air, then why are you disingenuously arguing for NFTs instead of against them? What is the point of wasting so much energy, burning so much coal, and belching so much carcinogenic smoke and greenhouse gas into the atmosphere, if we can simply solve the problem much more efficiently and easily without wasting energy and destroying the environment and giving people cancer and heart disease? And for what? I think the human race deserve fair use of the atmosphere, as well as pictures of Mickey Mouse.
- spywaregorilla 5y agoWhat if the police steal your private key?
- dumbfounder 5y agoThe point is we don't want to have a centralized authority determining and controlling ownership. The validation of the identity is at most what is desired, but really there needs to be a better way to do that as well.
- MrMan 5y agoWe do, the "we" I subscribe to