3 ms·
Wouldn’t most laws need a real-world source of truth and arbitration external to the network? It seems like a lot of work just to arrive at what is essentially
by mypastself 5y ago
Wouldn’t most laws need a real-world source of truth and arbitration external to the network? It seems like a lot of work just to arrive at what is essentially centralization once again.
And the people who might have initially dismissed the early internet would likely have not understood it. A lot of NFT detractors are plenty tech-savvy.
- useful 5y agoAny time you deal with physicals things? Yep. I wouldn't need a lawyer if a digital contract enforced a 2% commission paid to a wallet address. I would need a lawyer if all transactions weren't paid into that wallet address. If I use software to play a song and it uses an NFT to make a payment to the owner. I theoretically cut out a lot of middlemen whos value is making sure the correct people are paid. There are tons of edge cases where anyone can argue that this wouldn't work but I think that the system only has to meet a bar where it is potentially better than what we have now.