I think you dancing between at least 3 topics here with the same argument for each and ultimately trying to treat them as the same thing .. namely "crypto".
Blockchain has valid use cases, hence why businesses such as R3 are doing so well.
Crypto for payments, maybe.. but quickly you get wrapped into privacy and money laundering. So yea I'm on the fence with this one too.
NFTs and proof of ownership, no more or less valid than a piece of paper claiming ownership. It's down to recognition as legal tender or agreement between parties. That's not such a brutal hurdle to overcome.
It's not me whose dancing. It's crypto trying to find a valid use case.
Right now they're trying to treat it as a commodity (like gold) but it's pretty terrible at that too.
NFTs have no current valid use case. When you have a piece of paper it relates to a single government registry and legal system that enforces ownership/IP etc. The "writing something in the blockchain" is the easy part. Ensuring that it's respected and you're truly the owner, that's why we have governments and local registries.
NFTs don't prove anything other than the fact that you registered something. Just today I read an article claiming 80% of NFT deals are frauds by people who don't hold the IP to the work they're selling.
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I think you dancing between at least 3 topics here with the same argument for each and ultimately trying to treat them as the same thing .. namely "crypto".
Blockchain has valid use cases, hence why businesses such as R3 are doing so well.
Crypto for payments, maybe.. but quickly you get wrapped into privacy and money laundering. So yea I'm on the fence with this one too.
NFTs and proof of ownership, no more or less valid than a piece of paper claiming ownership. It's down to recognition as legal tender or agreement between parties. That's not such a brutal hurdle to overcome.
It's not me whose dancing. It's crypto trying to find a valid use case.
Right now they're trying to treat it as a commodity (like gold) but it's pretty terrible at that too.
NFTs have no current valid use case. When you have a piece of paper it relates to a single government registry and legal system that enforces ownership/IP etc. The "writing something in the blockchain" is the easy part. Ensuring that it's respected and you're truly the owner, that's why we have governments and local registries.
NFTs don't prove anything other than the fact that you registered something. Just today I read an article claiming 80% of NFT deals are frauds by people who don't hold the IP to the work they're selling.