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A comment on It is difficult for the average person to conceive of how useless NFTs are. Parent comment

Re:It is difficult for the average person to conceive of how... by me_me_me on Monday January 10, 2022 @09:28AM (#29875288)
> Most NFTs are like a title to a house

NFTs are like a title to a house that you wrote with a crayon.

There is no legal grounds for ownership, its just bunch of people claiming they own something and some other saying they agree.

You can convince whole china + india that you are king of england, but goodluck with actually sitting on the english throne.

[ Parent | on HN ]
Re:It is difficult for the average person to conceive of how... by lmilcin on Monday January 10, 2022 @09:32AM (#29875327)
Not even that.

A house drawn with a crayon can be considered an artwork or may have sentimental value.

You also have clear ownership of that artwork that you can defend in court.

You will also not loose "ownership" the moment the business that certifies it goes out of business or looses their database to ransomware.

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Re:It is difficult for the average person to conceive of how... by geerlingguy on Monday January 10, 2022 @09:35AM (#29875379)
Ooh, we could take a picture of that, host it on Imgur, and sell the link as an NFT!
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