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But why do you need blockchain-y stuff for that? In that scenario, you have a central trustworthy authority, namely Eminem. You can just buy a share direct fr
by recursive 5y ago
But why do you need blockchain-y stuff for that? In that scenario, you have a central trustworthy authority, namely Eminem. You can just buy a share direct from Eminem, who will record that fact in his authoritative database.
If you don't trust Eminem, this use case kind of falls apart.
- dboreham 5y agoBecause SEC?
- recursive 5y agoThat may well be a reasonable explanation, but I don't know enough about it to be able to tell.
- jrm4 5y agoYou don't; but also, as I've seen it -- it appears to be difficult for our present creative culture to strip itself of this idea of "it's perfectly reasonable, even the default, that when an artist is big and famous, it makes sense that the actual OWNER of all they do is a company that they may not even like." It's ALL weird, I was just kind of throwing something out there.
- sumedh 5y ago> who will record that fact in his authoritative database. What happens if Eminem loses your record?
- recursive 5y agoThat will teach me that I shouldn't have trusted him. I suppose it's similar to what happens if one of the common crypto-currency scams du jour happens. Except with less moving parts.
- yellowapple 5y ago> That will teach me that I shouldn't have trusted him. Then you've answered your own question re: why you might need/want "blockchain-y stuff": that "blockchain-y stuff" makes it so that you don't have to trust him.
- recursive 5y agoMaybe it's just me, but if I didn't trust him, I wouldn't want to invest. I can't really imagine the case where one would.