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> Couldn't Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without h
by bcherny 5y ago
> Couldn't Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without having to involve any "web3" feature?
They totally could. But what’s interesting about NFTs is they standardize this process across all kinds of assets and issuers. Instead of a CSV for Rolex, a Twitter history for an artist, a deed for a house, a rental agreement for an Airbnb, it’s all just one format.
In the past, there’s been tremendous value that’s come out of standardizing stuff, allowing infrastructure and new kinds of businesses to be built on top.
- acjohnson55 5y agoIt would be easy to create standards for Digital Asset and Identity so that producers could represent ownership on their servers and allow for trade. The only thing NFTs give you is hosting for this in a logically centralized network. Hypothetically, this allows for operations on different contracts to be composible, but I don't think this happens much in practice.
- bcherny 5y agoIt’s two sides of the same thing, I think. Some things are standardized with protocols: IP, TCP, SQL, etc. Other things are standardized with storage formats: FAT, NTFS, etc. NFTs fall into the latter bucket, with some conventions for the former but nothing as mature as a protocol.