Re:In defense of cryptocurrency
by dmitriid on Friday June 10, 2022 @01:25PM
(#31697021)
> could use an NFT to represent digital ownership of the underlying physical asset
So, you arrive at "your" property with a 20x20 pixel jpeg that you call your ownership rights (even such a jpeg would be prohibitively expensive to store on blockchain, but whatever).
So, you arrive, and there's someone else living there. They don't want to move out, no matter how much you wave your jpeg around. What does your NFT give you in this case?
So, you arrive at "your" property with a 20x20 pixel jpeg that you call your ownership rights (even such a jpeg would be prohibitively expensive to store on blockchain, but whatever).
So, you arrive, and there's someone else living there. They don't want to move out, no matter how much you wave your jpeg around. What does your NFT give you in this case?