Re:Why NFTs are bad: the long version
by ladyattis on Friday November 19, 2021 @02:48PM
(#29281434)
>No one claims NFT proves ownership of entities outside of the used blockchain. But within the chosen blockchain, they do prove ownership of that particular NFT. That's a fact.
This is irrelevant to the wider world which doesn't even have basic infrastructure to support blockchain smart contracts. Without that infrastructure you have a curiosity, not an asset you can use as collateral with a bank.
Re:Why NFTs are bad: the long version
by carlosdp on Friday November 19, 2021 @02:55PM
(#29281527)
Willing to bet places that currently don't have the infrastructure to connect to a blockchain reliably also don't have functional legal systems to enforce ownership of physical assets / property.
This is irrelevant to the wider world which doesn't even have basic infrastructure to support blockchain smart contracts. Without that infrastructure you have a curiosity, not an asset you can use as collateral with a bank.