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Isn't this what some NFTs tried to do in contract form, the minter would in perpetuity get a percentage of resales?
by bigmattystyles 3y ago
Isn't this what some NFTs tried to do in contract form, the minter would in perpetuity get a percentage of resales?
- hammyhavoc 3y agoSure, but once created, a painting isn't burning resources by just existing, nor is the provenance of a piece of art nor a contract. But y'know what these crowds are like, one week it's "crypto gud. invest in me startup that uses NFTs or ERC-20 tokens to XYZ", the next it's "nobody here ever supported NFTs or crypto, I don't know what you're talking about". Selective memory abounds, throw around buzzwords like "rentseeking" like the company they dev SaaS for isn't doing that.
- bigmattystyles 3y agoOh, I'm not endorsing it, was just noting the similarity.
- keyle 3y agoYes, they didn't invent the concept. Not much has been innovated in that field...
- throw101010 3y agoWhat's up with the negativity? The fact that the contract is enforced automatically, the dues are paid irrevocably on every sale, and depending on the blockchain in a censorship resistant way seem like some innovation... Good luck getting paid your "droit de suite" once your painting is outside of the almost only jurisdiction where it *was* practiced.