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There is no way for a blockchain to magically know how owns the copyright to a work. Multi-year court proceedings are sometimes necessary and people still don't
by miracle2k 5y ago
There is no way for a blockchain to magically know how owns the copyright to a work. Multi-year court proceedings are sometimes necessary and people still don't agree.
It is shallow criticism that often amounts to no less than "blockchain bad because it can't do that magical thing".
NFTs cannot solve this, and therefore don't want to. Once you accept that, they work perfectly fine for their actually intended purpose!
- wpietri 5y agoExactly my point. Blockchain technology is useless here; it's a bad match for the problem of ownership. I agree with you that NFTs work perfectly fine for their true purpose. In the same way that Bitcoin, a complete failure for its stated purpose, works great for its current purpose: enabling grifts, scams, frauds, and assorted light financial crime.