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NFT's are no more a scam than any digital goods.
by rybosworld 4y ago
NFT's are no more a scam than any digital goods.
- Fnoord 4y agoYes, NFT proponents and those invested in the swindle try to imply such. They try to imply NFTs are worth anything outside their ecosystem. They try to imply this by relying on blockchain technology while in reality its centralized and there is no consensus on the intellectual property because the authority isn't verified. Its as if you run a digital notary which would rely on law to be enforced, but the law would only work within the notary vicinity. If I own the copy of the artwork (say a digital equivalent of a Picasso) because I made it or bought the rights from the owner then I will have that copy even when all NFTs are purged off the earth. And copyright law is recognized nearly worthwide while a NFT blockchain... is not.