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NFT provides publicly verifiable record of ownership and limited edition-ness (aka scarcity), which has the side effect of making buyers treat digital files lik
by obiefernandez 5y ago
NFT provides publicly verifiable record of ownership and limited edition-ness (aka scarcity), which has the side effect of making buyers treat digital files like tangible items.
All the decentralized posturing and politics is a distraction from actual entrepreneurs building actual real-world applications, using NFT in the same way you use SQL or HTTP
- m12k 5y ago>NFT provides publicly verifiable record of ownership and limited edition-ness (aka scarcity) Could you explain how the NFT provides the latter? Because it sounds like that's what your contract process and legal assurances ensure - those aren't happening on the blockchain, are they?
- obiefernandez 5y agoI’m not referring to ownership of the underlying copyright. I’m referring to ownership of the limited edition good! Works really well for that.
- deleted 5y ago[deleted]
- m12k 5y agoRight, I was asking about the other half of your claim: How does the NFT provide proof of the "limited edition-ness (aka scarcity)" of the good that it provides proof of ownership for? I don't see how the NFT or blockchain allows you to verify that - as far as I can tell, that must always be a matter of trusting your company, and the process it has in place before minting things, to ensure no duplicates are ever made.
- 88913527 5y agoA digital file isn't scarce. I can make as many copies as I want.