[pbhjpbhj]

I can't believe I'm going to defend NFTs, but ... _if_ copyright law were satisfied that you aren't infringing if you purchased perpetual access to a copy--digital or otherwise--then "a glorified receipt" could be all that was needed _if_ the system honoured users with a right to access, on any system on which it was available, for cost, a work that has been legally purchased.

In USA, I can't see why proof of purchase and TPB wouldn't be enough. Platform issues don't negate the rights you purchased.

[Gigachad]

When you buy stuff on these digital stores, you agree to pay for an indefinite license to the content. So it can be pulled at any time.

Why would these stores use NFTs attached to ownership licenses when they could just reword their ToS to include ownership. They don’t want to sell ownership to begin with so they would never use NFTs either.

[ImPostingOnHN]

the discussion is about the benefits of a solution (prescriptivism) rather than the process of implementing it, and getting stakeholders to agree

it's not very insightful to say that people like money and will seek it or avoid losing it (descriptivism)

[Gigachad]

As usual, Crypto shills push these extremely complicated technical solutions to problems which have very simple economic/legal solutions. The problem here is that companies are not selling ownership. NFTs do nothing for this because companies are still not selling ownership.

[rekoil]

You could even have the content shared over public BitTorrent networks, encrypted with a symmetric key and then store a personalised asymmetric decryption key (the symmetric key encrypted using the owner wallets public key, ensuring only the current owner can derive it from the public NFT data) in the NFT. You would re-compute this asymmetric key for the new owner during the TransferNFT function and store it in the contract.

Yeah, the symmetric key would probably leak quickly, and the content decrypted and shared, the point here is to make the system so convenient and simple that it discourages piracy, which you can never fully beat anyway.