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A comment on The NFT market bubble has popped?. Parent comment

Re:The NFT market bubble has popped? by cturner on Thursday June 03, 2021 @12:46PM (#27383962)
"I think we live in a world where holding the real thing in your real hands is all that matters."

In regions with the rule of law, there are things more important than physical possession - ownership, contract.

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Re:The NFT market bubble has popped? by NoGravitas on Thursday June 03, 2021 @02:20PM (#27385294)
Right, but NFTs don't solve those, either. In a dispute between the court and the blockchain, the court wins.
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Re:The NFT market bubble has popped? by cturner on Thursday June 03, 2021 @02:59PM (#27385822)
"Right, but NFTs don't solve those, either. In a dispute between the court and the blockchain, the court wins."

1) In contracts, you can add a clause that mandates a dispute-resolution process that must take place before either side goes to real courts. These could be codified into the blockchain contracts. If that process is well run, I assume the court will have no reason to over-rule it.

2) In blockchain matters, is there a distinct party to file against? Where there is, do you know who they are? And are they in the same jurisdiction as you?

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