3 ms·
Just spitballing here. Maybe some kind of legal framework. Some legislation that controls who is allowed to create NFTs for a work. Something that judges and co
by verve_rat 5y ago
Just spitballing here. Maybe some kind of legal framework. Some legislation that controls who is allowed to create NFTs for a work. Something that judges and courts can use to enforce the right to sell an NFT. Something that bans anyone but the original creator from distribution of the work the NFT is for. Because a "fake" NFT is any NFT that doesn't control the work it is attached to, right? But NFTs are just a thing on a block chain, so we need a contract to link the NFT to the work. And we will need the same contract to be enforced by the courts.
So, we need a contract to link an NFT to a work. That contract should also spell out all the things the NFT holder can do (maybe the creator didn't want to, or isn't allowed to, sell all rights).
So contract the says who owns a work and what they can do with it, enforced by a legal framework and the courts. That us all you need to make NFTs make sense, I don't see what the problem is.
What's that? If you have the contract, why do you need an NFT? Well, what scrub would buy a paper contract with bitcoin? It's not even on a block chain!
- bostonsre 5y agoI think a large majority of the population just think this stuff is silly and I highly doubt anyone would want to put legislation through to help these companies that arguably don't contribute much to society. I also don't think it would be popular to spend lots of tax dollars enforcing this stuff.
- verve_rat 5y agoIf it wasn't clear, I am part of that population that thinks this is all very silly. The point of my rambling was to point out that the solution to NFT/blockchain problems boil down to contracts and lawyers and courts. Things that we already have and can use without NFT/blockchain bullshit. We have courts and lawyers and contracts. We need to use those to make NFTs work, so why are NFTs valuable again?