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who is “you”? it’s a public key. good luck suing a public key. nfts are still largely a grift
by jondwillis 5y ago
who is “you”? it’s a public key. good luck suing a public key.
nfts are still largely a grift
- dragontamer 5y ago> who is “you”? Anyone who uses the "Foobar" picture reachable within my legal jurisdiction. Which would include any NFT "owners" who are trading some crazy token that has no claims over copyright. Lets say Alice (currently the NFT owner) gets sued by me for her use of "Foobar" without my permission. Upon receipt of the documents, she sells the NFT to Bob and uses the money to pay for legal bills. Did Bob in fact buy anything useful from Alice? Bob may not even know that a legal proceeding is happening. Later, when Bob realizes he's been conned, he sells the NFT to someone else again. But I sue Bob as well for any damages associated with using the Foobar picture without my permission. Maybe Bob keeps passing the NFT to other people, but its clear that the NFT is fully meaningless at this point (at least, to Alice and Bob). Other users may keep getting tricked, but that doesn't change the fact that the NFT affords no legal rights to this entire exercise.