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It's not the book/register or the mindshare. It's a central authority (sovereign government) and it's legal system that grants and enforces the ownership rights

by yashg 5y ago

It's not the book/register or the mindshare. It's a central authority (sovereign government) and it's legal system that grants and enforces the ownership rights. Remove that authority and what do you have? Anarchy. There's a reason why central authority based systems have evolved. It reduces violence.

Tenoke 5y ago
Similarly, the value of the NFT is not in the token but in the community (artist, other NFT holders) honoring it and sometimes enforcing certain rights.
- tchocky 5y ago
  But you can't verify that the content behind this URL was the same all the time. How can you enforce rights in a court if you can't prove that the content was the same.
  - Tenoke 5y ago
    If you have a hash of the content in the NFT verifying what it pointed at is trivial.