4 ms·
This is a terrible analogy. A house is a finite asset which only one person can occupy at a time. An infinite number of copies of a JPEG can exist. The city/
by skohan 5y ago
This is a terrible analogy. A house is a finite asset which only one person can occupy at a time. An infinite number of copies of a JPEG can exist. The city/state has the power to enforce property rights. The blockchain does not. The NFT is just a note in a ledger somewhere which others may or may not respect. It's really quite simple.
- aceazzameen 5y agoThere's so many terrible analogies associated with NFTs and blockchains too. It all comes from their confirmation biases. They're already too invested into it to back out. It's too easy to become blind to any valid criticism, so might as well come up with as many analogies as possible to attempt to gather more recruits and justify their decisions.
- cryptonym 5y agoIt's much more like "buying a star" website.