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Possession is nine-tenths of the law. If nobody can take it from you, you "own" it, and everything else follows from that. "It" being: your crypto identity boun
by daenz 5y ago
Possession is nine-tenths of the law. If nobody can take it from you, you "own" it, and everything else follows from that. "It" being: your crypto identity bound to some metadata.
- threeseed 5y agoNo the artist owns it. They have the copyright. So the funny part is that if you buy an NFT not only can I legally copy it but I can approach the artist, buy the copyright and then sue you for copyright infringement.
- daenz 5y agoI said you own metadata bound to your crypto identity, not the thing that the artist is making into an NFT.
- dvt 5y agoWhile this is (in most cases) true, you still own, say, a poster you bought of some artwork. The NFT is a sort of "poster" you own. You still own it, so I don't understand your criticism.
- AlexandrB 5y agoOwning and NFT is more like owning a sign that says there's a poster on the wall in the next room that's yours. For many NFTs the poster may be removed at any time by a third party you have no influence over. All you own is the sign.
- dvt 5y ago> Owning and NFT is more like owning a sign that says there's a poster on the wall in the next room that's yours. Even if this is true, okay: you still own a sign that says there's a poster on the wall in the next room that's yours. People own all kinds of things that I personally think are dumb: from beanie babies to baseball cards. If we have a problem with abstraction, people trade all kinds of abstract things: from options to futures to a veritable zoo of other derivatives. Again, not sure what the direct criticism here is.
- threeseed 5y agoThe difference is that people need your permission to make a copy of that poster. I can take your NFT image, duplicate it and use it however I want. And you have no legal or moral right to say no.
- dvt 5y ago> people need your permission to make a copy of that poster. No they don't, I can literally walk in my friend's living room and take a picture of his poster. I can do that in the store, too, by the way. The "I can copy-paste it" is just a terrible and bad-faith argument.
- berberous 5y agoMost NFTs come with an IP license. You cannot buy the copyright and sue someone with a valid pre-existing valid IP license.
- 0x500x79 5y agoIs this comment in support of NFTs or against NFTs? From what I have seen commonly the subject of the NFT is hosted somewhere not on the blockchain (possessed by someone else).
- daenz 5y agoThe comment is neutral. If the blockchain is decentralized, it's a lot harder to take the entries from people, but to your point, if it's hosted by a central entity, your ownership of anything is a lot weaker.