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A comment on My First Impressions of Web3. Parent comment

Re:My First Impressions of Web3 by CryptoPunk on Friday January 07, 2022 @09:26PM (#29847957)
>>Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without having to involve any "web3" feature?

This doesn't enable real-time transfers of NFTs.

Ideally, the blockchain allows the NFTs to be traded without Rolex relying on another company acting as a trusted third party platform keeping track of ownership, or Rolex itself running its own transaction database. The blockchain is a common open platform for transactions, and that's useful.

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Re:My First Impressions of Web3 by tsimionescu on Saturday January 08, 2022 @04:05AM (#29849947)
The NFTs are useless. The watches - the thing people care about - can still be traded without relying on Rolex or any other company.
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Re:My First Impressions of Web3 by CryptoPunk on Saturday January 08, 2022 @07:32AM (#29851064)
That's a different topic. I was addressing why Rolex might prefer a blockchain ledger over their own internal one.
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