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Re:NFTs are the new Beanie Babies by ToddWBurgess on Thursday October 14, 2021 @10:10AM (#28864445)
This. I know an intellectual property lawyer and was told without a legal contract in place there is no way to assert your property rights in a court of law. Legally speaking, you own nothing.
Re:NFTs are the new Beanie Babies by gruez on Thursday October 14, 2021 @10:26AM (#28864706)
That seems like a specific problem of how copyrights are assigned than the legal/NFT system itself. Bearer bonds are a thing. Are bearer assignments a thing? ie. "I assign the copyright of this work to whoever bears a certificate, or whoever bears a NFT?"
Re:NFTs are the new Beanie Babies by Joeboy on Thursday October 14, 2021 @01:44PM (#28867486)
Maybe, but the closest I've heard of is contracts explicitly stating that the NFT doesn't assign any legal rights to the work. I'm not sure if the opposite exists / makes legal sense.
Re:NFTs are the new Beanie Babies by gruez on Thursday October 14, 2021 @03:25PM (#28868800)
Right, my point isn't that most NFTs today grants you rights/ownership, just that it's not unfeasible for that to be a thing.
Re:NFTs are the new Beanie Babies by Joeboy on Thursday October 14, 2021 @04:12PM (#28869377)
Is it, though? I mean if somebody steals your private key, does it make sense that that would give them legal rights / ownership to your NFT'd artworks? I'm honestly not sure if this is a thing, or a legally sensible idea.
Re:NFTs are the new Beanie Babies by hammyhavoc on Thursday October 14, 2021 @12:46PM (#28866657)
What's to stop someone from minting another NFT pointing at the same piece of data?
Re:NFTs are the new Beanie Babies by gruez on Thursday October 14, 2021 @01:05PM (#28866938)
The same thing that prevents you from minting another deed that says you own the same piece of land as someone else.
Re:NFTs are the new Beanie Babies by hammyhavoc on Thursday October 14, 2021 @04:04PM (#28869281)
Not true. Someone could take an image that I've created, stick it on a server, create an NFT with a URL pointing at it, then sell it. Likewise, others, including me, could then create an NFT with a URL that points at that piece of data. The original creator (me in this situation) wouldn't have created the 'original' NFT.

NFTs don't solve counterfeiting when anybody can create a 'counterfeit' at any time.

Re:NFTs are the new Beanie Babies by gruez on Thursday October 14, 2021 @05:02PM (#28870071)
> Not true. Someone could take an image that I've created, stick it on a server, create an NFT with a URL pointing at it, then sell it. Likewise, others, including me, could then create an NFT with a URL that points at that piece of data. The original creator (me in this situation) wouldn't have created the 'original' NFT.

Right, just like how you can make a deed that says you own 30 Rockefeller Plaza.

>NFTs don't solve counterfeiting when anybody can create a 'counterfeit' at any time.

never claimed it did, only that NFTs can potentially provide a better way to assign/transfer copyrights than the current system of paper contracts.

Re:NFTs are the new Beanie Babies by ferdowsi on Thursday October 14, 2021 @01:57PM (#28867652)
A centralized authority and hundreds of years of legal tradition to resolve property disputes?
Re:NFTs are the new Beanie Babies by gruez on Thursday October 14, 2021 @03:32PM (#28868893)
I was thinking of more "the courts". That's not in line with the crypto-anarchist narrative people like to think must be associated with NFTs, but I think having NFTs replace the complicated system we use to assign ownership today (eg. title searches/insurance) is a pretty attainable goal that doesn't require replacing the entire government with blockchain.