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Pull the other one! You can literally see legislation that impact NFTs going into US law this week and confiscations of crypto-currency from criminal cases as w

Pull the other one! You can literally see legislation that impact NFTs going into US law this week and confiscations of crypto-currency from criminal cases as well. The crypto crowd doesn’t like it but it’s not because the understanding of ownership of the coins and tokens is different. The art a token points to on the other hand. Put it this way I absolutely think people that own an NFT own the token and owned the currency used to pay for it. I don’t in anyway think they own the art it’s supposed to represent.

mrtksn 5y ago
Just as Afghanistan recently outlawed foreing currency use and that's Afghans' problem, this is also something US citizens should deal with. Spoiler alert: Most people in the world are not US citizens and don't live in the US. The ownership of the underlying asset depends on what you understand by ownership.
- meheleventyone 5y ago
  > The ownership of the underlying asset depends on what you understand by ownership. Only in the sense that equally anyone can claim ownership of anything. It's just noise rather than a substantial point.
  - mrtksn 5y ago
    Anyone can claim ownership of anything, NFT or not. That's why there are lawsuits over ownership of property and wars over disputed territories. NFT ownership concerns those who engage in the community, just like Bitcoin concerns those who are engaged with it. What is Bitcoin after all? A transaction record in a distributed ledger. Exactly the same thing as NFT. It exists only because someone said so in a community that use software with the same algorithm to parse transaction records(the ledger distributed as a blockchain).
    - meheleventyone 5y ago
      > NFT ownership concerns those who engage in the community, just like Bitcoin concerns those who are engaged with it. NFTs don't just get to sit aside from society though. Both as a community and in terms of redefining things like ownership. As we can see in this very conversation. In some cases NFTs actively embrace regular ownership models. For example Meebits where they very pointedly do not give you ownership of the art, it explicitly remains the property of Larva Labs LLC. And in fact your rights to the use of their IP with the Meebits you buy are extremely limited. Similar is true of cryptopunks. This has been a fun conversation and you make some interesting points but I'm done for now.

mrtksn 5y ago

Just as Afghanistan recently outlawed foreing currency use and that's Afghans' problem, this is also something US citizens should deal with. Spoiler alert: Most people in the world are not US citizens and don't live in the US. The ownership of the underlying asset depends on what you understand by ownership.

meheleventyone 5y ago
> The ownership of the underlying asset depends on what you understand by ownership. Only in the sense that equally anyone can claim ownership of anything. It's just noise rather than a substantial point.
- mrtksn 5y ago
  Anyone can claim ownership of anything, NFT or not. That's why there are lawsuits over ownership of property and wars over disputed territories. NFT ownership concerns those who engage in the community, just like Bitcoin concerns those who are engaged with it. What is Bitcoin after all? A transaction record in a distributed ledger. Exactly the same thing as NFT. It exists only because someone said so in a community that use software with the same algorithm to parse transaction records(the ledger distributed as a blockchain).
  - meheleventyone 5y ago
    > NFT ownership concerns those who engage in the community, just like Bitcoin concerns those who are engaged with it. NFTs don't just get to sit aside from society though. Both as a community and in terms of redefining things like ownership. As we can see in this very conversation. In some cases NFTs actively embrace regular ownership models. For example Meebits where they very pointedly do not give you ownership of the art, it explicitly remains the property of Larva Labs LLC. And in fact your rights to the use of their IP with the Meebits you buy are extremely limited. Similar is true of cryptopunks. This has been a fun conversation and you make some interesting points but I'm done for now.