Hacker News new | ask | show | jobs
by conjectures 1591 days ago
Fairly clearly what you 'get' is dependent on the surrounding system. It's one for a legal-crypto startup but you can imagine selling some NFT being linked to a contract for transfer of copyright. Maybe nobody is doing this, idk, but they could. It's also irrelevant for some applications of NFTs, so it would be a design error to expect every NFT system to enforce copyright transfers.
2 comments
captaincaveman 1591 days ago
I agree in principle I think you could (I'm not a lawyer). However, you run into the starting problem of needing a trusted authority to verify a rights holder is in fact the rights holder. Also if the right is exclusive, how is that managed, i.e. prevent them issuing the same rights to many people. All answers thus far seem to point back to a central authority, and then what's the point of it being on blockchain.
link
conjectures 1590 days ago
> However, you run into the starting problem of needing a trusted authority to verify a rights holder is in fact the rights holder.

Again, this is a different problem. One can imagine a service with a seignorage fee to verify such things when an NFT is minted after which that particular question is settled. The point of it being on a blockchain would then be subsequent ease of sale, transfer etc.

link
captaincaveman 1587 days ago
That's a gross simplification I think.

By service, I think you mean company, now I have to trust said company, also I need to check NFT is minted by company I trust, and that I trust the identifier of said company on the NFT. Now if it turns out the company wasn't doing a good job, what happens then, do the NFT's get revoked, by whom, what are the remedies and the compensation process?

All this gets bumped off chain fairly quickly with a hand wave whenever discussed, which quickly puts the block chain solution into question. If the NFT only works when minted and managed by trusted party, then is what we really need is data interoperability rather than blockchain. And even there, NFT's don't actually contain any on-chain or off-chain data expressing what the semantics of the NFT is.

link
lawtalkinghuman 1590 days ago
> It's one for a legal-crypto startup but you can imagine selling some NFT being linked to a contract for transfer of copyright. Maybe nobody is doing this, idk, but they could.

What's to stop the buyer unbundling the property which is worth something (the copyright) from the pointless NFT?

link