Re:Web3 is centralized and inefficient
by yashg on Wednesday March 23, 2022 @03:50AM
(#30776070)
It's not the book/register or the mindshare. It's a central authority (sovereign government) and it's legal system that grants and enforces the ownership rights. Remove that authority and what do you have? Anarchy. There's a reason why central authority based systems have evolved. It reduces violence.
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Similarly, the value of the NFT is not in the token but in the community (artist, other NFT holders) honoring it and sometimes enforcing certain rights.
But you can't verify that the content behind this URL was the same all the time. How can you enforce rights in a court if you can't prove that the content was the same.