3 ms·
At present it certainly appears that way. However consider something like the deed to a house which could be digitally signed by a keypair that you control. Whe
by arthurcolle 5y ago
At present it certainly appears that way. However consider something like the deed to a house which could be digitally signed by a keypair that you control. When you want to resell it you could demonstrate ownership of the underlying asset and transfer it without even needing to be in the same country. This has lots of utility for scammers (selling a bridge that isn't yours) but if you could reliably link physical artifacts with a database of digital entities (representing the ownership) this could have a lot of interesting applications.
Another example - Urbit address space. I own two stars, ~sicbus and ~tipbus. Each of these can spawn 2^16 - 1 planets, which can be used by individuals to build software that is usable within Urbit.
Other than the NFT model, I don't know of a good way to resell these assets to others.
It is early stages and the current applications are certainly fairly gimmicky, but the idea of using cryptography to assert ownership and hold "real copies" is probably very valuable.
- izolate 5y agoNobody is going to trust the deeds to their house to a blockchain with a BDFL who has demonstrated the ability to rollback/fork their blockchain at will. Or worse yet, some insecure side-chain. I think the post title is a valid remark on the current state of Ethereum NFTs, which I believe are the most popular.