Re:It is difficult for the average person to conceive of how...
by dragonwriter on Monday January 10, 2022 @11:47AM
(#29877552)
> If you have an NFT, you get to do things others cannot.
That's the definition of property, yes, but with many real NFTs, aside from transferring the NFT, there’s not much you get the exclusive right to do.
> At the very least, holding an NFT gives you the ability to transfer it to someone else and make them the holder.
And with many concrete NFTs, that's also the very most they give you.
> Do NFTs signal legal ownership? I imagine we're going to find out that it probably depends.
As if it were a mystery how legal ownership was determined. It's very clear that:
(1) It is possible to construct and use NFTs in a way where they would be at least compelling evidence of legal ownership of certain rights, and
(2) Most NFTs in existence don't even begin to try to do this.
> I can make a picture of the Mona Lisa too, but no one will respect that picture as the real Mona Lisa.
Yes, and you can make an NFT that points to a URL that points to a low-effort drawing of an ape, and outside of a small cult no one will equate the NFT with the original artwork (or, for that matter, care much about the original artwork.)
That's the definition of property, yes, but with many real NFTs, aside from transferring the NFT, there’s not much you get the exclusive right to do.
> At the very least, holding an NFT gives you the ability to transfer it to someone else and make them the holder.
And with many concrete NFTs, that's also the very most they give you.
> Do NFTs signal legal ownership? I imagine we're going to find out that it probably depends.
As if it were a mystery how legal ownership was determined. It's very clear that:
(1) It is possible to construct and use NFTs in a way where they would be at least compelling evidence of legal ownership of certain rights, and
(2) Most NFTs in existence don't even begin to try to do this.
> I can make a picture of the Mona Lisa too, but no one will respect that picture as the real Mona Lisa.
Yes, and you can make an NFT that points to a URL that points to a low-effort drawing of an ape, and outside of a small cult no one will equate the NFT with the original artwork (or, for that matter, care much about the original artwork.)