NFTs are actually speculation scams being run on the uninformed using buzzwords like blockchain and crypto while themselves being worthless. A digital certificate of authenticity for an infinitely reproducible good which still requires major cost and legal intervention to enforce.
A highly corrupt speculation scam using buzzwords about blockchain.
I’m almost tempted to setup-shop ‘stealing’ NFTs and displaying them in a gallery, I imagine if I set everything up off shore to the US that I will risk pretty little
Anyone does DMCA etc even apply here? Even if it does, I can just host in a country that ignores it…
Charlie and his older brother will work in the new compliance department where they search Youtube and Dailymotion every day and flag CBMF duplicate uploads.
What I find confusing is the following:
Rights are meaningless without enforcement (in the real world). Who is going to enforce NFTs? There's no government or other authority standing behind this tech.
Compare NFTs with patents/digital rights - in both cases I "own" the artwork in some sense, but digital rights/patents, there are entire mechanisms that ensure these rights can be enforced.
With NFT, I can just ignore them without any issue.
My question is: how are NFT rights enforced?