3 ms·
> central authority of authenticity But authenticity of what exactly? If everyone agrees that, for example, a particular distributed ledger provides authentic
by teruakohatu 5y ago
> central authority of authenticity
But authenticity of what exactly?
If everyone agrees that, for example, a particular distributed ledger provides authenticity of some class of artwork, that is fine. But soon the real world happens eg. a court in one country orders the art to be seized and handed over to a third party , but they don't have the ability to force the NFT to be transferred because the former-owner is in a different country. Would the art world suddenly pretend that the artwork is not real because the current owner does not have the NFT? We are back to square one.