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> An NFT does not represent a ownership over anything more than the NFT itself unless it also comes with legal and/or physical possession of the thing it suppos
by calibas 5y ago
> An NFT does not represent a ownership over anything more than the NFT itself unless it also comes with legal and/or physical possession of the thing it supposedly represents. If it comes with legal or physical possession then the NFT is not the core of the transaction, is it?
Of course, you buy a house, not a deed. The fact that people are hideously misinformed about NFTs isn't a problem with NFTs though. It doesn't make any sense to me to blame the technology for people's ignorance.
- AnIdiotOnTheNet 5y agoExcept we already have deeds, and unlike NFTs they have legal weight. What does an NFT bring to the table?
- SahAssar 5y ago> Of course, you buy a house, not a deed. The question I was asking (and perhaps I should have been more clear): If I'm not buying the house (I can't live in it), and I'm not buying the mortgage (as in a bank would), and I'm not buying a picture of the house (as in having exclusive rights to an image), but I am buying a hash of a specific image of the house, is that not a bit crazy? And if you think it is but think there are better usecases for NFTs then I'd advise changing the acronym for your use-case because for me and a lot of other people NFT equals either scam or bubble. The term is tainted.