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Not minshare only. It resides in the arrangements between organizations to enforce whatever rules areon the books regarding property rights. Smart contracts jus
by EGreg 5y ago
Not minshare only. It resides in the arrangements between organizations to enforce whatever rules areon the books regarding property rights. Smart contracts just put those rules into code on a blockchain. What is missing is the “enforcement” element.
But that may be a good thing to libertarians. NFT may be an early attempt to move past more violence-enabled business models for “intellectual property”, including the mode dominated by VCs for startups, and Music and Movie studios for artists