[dls2016]

> Real world NFTs (e.g. art and collectibles) are unique in that there is no dispute about what the original is. The art was created by the artist or its a forgery. In that regard NFTs rely on some issuing entity that bestows upon itself an arbitrary form of ownership. I can make my own Twitter token and if I get someone to buy a coin for an absurd amount (insider dealing?), and convince reports to write about it, I can be "the twitter nft"

I think of NFTs as a fancy system of determining provenance: X bought hash Y from seller Z. Whether other people assign meaning/value to that transaction is subject to the usual whims of human nature.