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>If I keep the car and the title, what stops me from selling my NFT? Nothing, but you lose all of the benefits that come with the NFT along with making the car
by Sargos 5y ago
>If I keep the car and the title, what stops me from selling my NFT?
Nothing, but you lose all of the benefits that come with the NFT along with making the car much harder for you to sell in the future.
>Or sharing my wallet containing the NFT with several people who can all use it to gain access to the exclusive benefits? "Hey bro, send me your private key so I can get into this club."
This already happens with things like airport lounge access and other things like Netflix where you share your credentials with your friends. Nothing is stopping you but if the services find out they will likely ban you and you will lose access and the resale value of your car will also go down.
Most of this is common sense and people won't even give it much thought in the future but it's interesting that a lot of these cases need to be explained when technology is new.
- Buttons840 5y agoI'm not seeking an explanation. I'm trying to draw attention to my argument that NFTs won't allow us to do anything fundamentally new. NFTs are hyped as a grand new thing, then someone asks about some tricky edge cases or how abuse will be handled, and then NFT proponents say those abuses already happen and it will be no different with NFTs. Like a lot of blockchain technologies, it's just another way to do what we already do. edit: Actually, I see your original argument is that NFT's are an "open API". You never did claim that NFTs allow us to do things we cannot already do.