[ravenstine]

EDIT: meh.

[thepangolino]

I think NTFs would make sense in some cases by providing a publick ledger of properties. It would avoid situations like that when a Luton man got his home stolen from him: https://www.bbc.co.uk/news/uk-england-essex-59069662

[contravariant]

It wouldn't avoid it, it'd make it worse by not having a single way to override the ledger when it's clearly wrong.

None of the problems in that article were caused by having a hard to edit public ledger. In fact most problems were caused by it.

[acdha]

The problem in that case is trying to reverse a fraudulent transaction. Blockchains not only do not solve that, they make it impossible to solve: phish someone or exploit their computer and you can instantly make an irreversible transfer of their assets! If you have a mechanism where a trusted third party can reverse a transaction, you don’t need a blockchain and all of the expense and inconvenience was worth nothing.

[dub]

NFTs also get stolen. For example: https://www.vice.com/en/article/qjb4nq/investor-says-bored-a...