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Re:Web3 is centralized and inefficient by chii on Wednesday March 23, 2022 @04:01AM (#30776127)
The frame isn't _for_ you, it's for everybody else, and that frame shows (with proof) that _you_ own the picture.

That's why the mona lisa framed in the museum is worth more than a replica picture. It's not even the frame, it's the fact that there's a public broadcast of a form of ownership.

Re:Web3 is centralized and inefficient by unmole on Wednesday March 23, 2022 @04:09AM (#30776168)
So, it's not like a digital photo frame?

> That's why the mona lisa framed in the museum is worth more than a replica picture.

The Mona Lisa in the Louvre is worth more than a replica because the Louvre owns it? That's an original take, I'll give you that.

Is that is the case, why does the Louvre own the original and not a replica?

Re:Web3 is centralized and inefficient by chii on Wednesday March 23, 2022 @04:18AM (#30776212)
> why does the Louvre own the original and not a replica?

so if somebody claimed that they owned the original mona lisa, and that the louvre actually has a replica, would you consider that replica to be more valuable?

Who's to say what is the replica then? Suppose the replica was perfect?

It sounds weird, but the fact that the Louvre is displaying the mona lisa is what makes it valuable. The fact that most people is unable to know (nor care tbh) whether what they see in that glass box is actually the original or a really good replica.

So what makes NFT any different in this sense? It's not a technological thing, but a social thing.