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Serious Question: how is NFT anything but Intellectual Property rights on steroids? It seems the ideal method to allow the elites/billionaires to track everyth

• jker 5y ago
  Serious answer: It isn’t intellectual, there’s no property, and you have no rights.
  • verisimi 5y ago
    Don't you think that it can be used as a basis to establish ownership of all those assets that are online though? Eg, I could see the basis for an automated billing for NFT + smart contracts for assets I have used online. I'm not sure where you are with property ownership - perhaps this is a reference to Proudhon, or perhaps a reference to the legal fiction that we use to navigate this system? Whatever the case, given time, the legal system would likely end up supporting NFT ownership + usage fees I think.
• falcolas 5y ago
  I think that the (biggest) problem with NFTs is that they grant no rights that are recognized by the governments of the world - the people who can help enforce your ownership. Worse, they require no rights to create. You don't have to be a copyright holder to create an NFT, you just need a URI. Your ownership of an NFT implies nothing about your ownership of the referenced object in real life (physical or digital).
• danaris 5y ago
  My take is: This is what some people (particularly in those groups) want them to be, so that they can continue to parlay wealth into exclusive access to all kinds of things even in a digital world where all scarcity is artificial. However, as sibling comments note, they're actually very bad at it, because despite all the ballyhoo about decentralization, making that kind of thing work requires cooperation from centralized authorities.