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by qqii
1927 days ago
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The unique expression of ownership is novel, it really depends on how they're legally interpreted to conclude if they're bad. If you interpret them literally they're a better form of copyright that what currently exists. It accepts that digital recreations are easy and doesn't seek to prevent them yet still provides scarcity and reward for the effort in producing it. The NFT of Jack Dorsey's tweet is interpreted to captures some essence of the time, effort and manpower that went into creating twitter the platform. |
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I like this description quite a bit. Im obviously a believer already, but this is a good way to describe the value potential of blockchain based NFTs.
Slight digression, but personally I hate the way scarcity always makes its way into the conversation due to the obsessive discussion of deflation, but I think in the case of NFTs it fits well.
I'd rephrase your statement as saying that NFTs using blockchain protocols preserve the scarcity of owning an asset. Then extending that, digitally verifiable proof of the scarce resource (i.e. ownership) is the aspect that can create an economic incentive for ownership.
Well said!