@kev So seeing this do you see any potential use for NFT in the future?

@Ashfall every time you need proof of ownership but not the objet itself.

Think of owners of land, property, stock etc.

If you don't need any lawyers or other specialists for bookkeeping who owns which property (with all the fees & taxes this entails) then transfer of those things will get a lot cheaper.

If you trade a house in europe you usually pay 5-figures just as transaction-fees to the people doing the neccessary paperwork.

@Drezil It's similar in the US and that's a great use case. Thank you

@Ashfall @Drezil except it will never happen since those fees are a massive source of income for the councils and the lawyers. Way too much interest from all sides in keeping things the way they are.

@fedops @Drezil but if seller and buyer agree I don't see how they can stop it without causing more issues. If you say well they'll need loans, a new loaning system will be created for the crypto space. I can see it as an evolution of the system in place

@Ashfall @Drezil it's not loans or anything reasonable, it's about revenue streams for incorporated cities or towns. It's doesn't add anything besides the book-keeping, it's just a centuries-old privilege they keep milking because they can.

@fedops @Drezil I get what you are saying. My comment was more stating that if the two individuals or entities are willing to exchange using crypto there isn't anything anyone can really do about it unless they are willing to open pandora's box of problems. At least that's what I see.

@kev NFTs could be used in a way that makes sense but they aren't. The way Gala Games wants to use them in their upcoming game seems interesting

@kev adding @OCRbot to the thread because this is too good to miss

OCR Output (chars: 1457) 

harblkun £* sugaredrefrain Follow s**

mi jacobgalapagos Follow

i dont know what an NFT is and im too afraid to ask

ʻa gueersamus Follow

imagine if you went up to the mona lisa and you were like "i'd like to
own this” and someone nearby went "give me 65 million dollars and
i'Il burn down an unspecified amount of the amazon rainforest in
order to give you this receipt of purchase” so you paid them and they
went "here's your receipt, thank you for your purchase” and went to
an unmarked supply closet in the back of the museum and posted a
handmade label inside it behind the brooms that said "mona lisa
currently owned by jacobgalapagos"” so if anyone wants to know who
owns it they'd have to find this specific closet in this specific hallway
and look behind the correct brooms. and you went "can i take the
mona lisa home now?” and they went "oh god no are you stupid? you
only bought the receipt that says you own it, you didn't actually buy
the mona lisa itself, you can't take the real mona lisa you idiot. you
CAN take this though." and gave you the replica print in a cardboard
tube that's sold in the gift shop. also the person selling you the
receipt of purchase has at no point in time ever owned the mona lisa.

unfortunately, if this doesn't really make sense or seem like any

logical person would be happy about this exchange, then you've
understood it perfectly

12,823 notes > o vi o
@​ e

Tweet je antwoord

@kev NFTs would be pretty neat for game ownership. Instead of getting a CD key you could get a unique game coin, stored on a platform-agnostic blockchain. That way it's easy to prove you own the game, and if you want to sell it you just trade it like any crypto. That could actually work for anything from movie tickets to land ownership.

NFTs are this generation's "The Cloud". One day it'll make sense, but for now it's a buzzword

@bkhan @kev So basically what you're saying is that it's a solution without a problem, just like cryptos in general.

@sotolf @kev I'm saying it's a new solution for existing problems that comes with it's own benefits. I like the idea of being able to sell digital goods without the hassle of shady key resellers. I want to be able to prove I own digital media for platforms that no longer exist.
NFTs provide a solution that isn't tied to a particular company, and come with an immutable, unforgeable receipt for every transaction. Those are extremely useful properties.

@bkhan @kev Game retailers could already do this if they wanted to, no crypto required. Proof of game ownership is mostly important for copy protection, but I'm extremely dubious that any DRM scheme based on NFTs built by a digital game retailer would actually continue to function after said retailer went under.

@bkhan I'm with you. The future of NFTs is exciting, it just hasn't gotten there yet. I don't think we'll see traction with physical assets in the near term, but purely digital "assets" like DRM leases or domain names are perfect. Great potential there.

@kev maybe if the NFT was tied to the IP rights (copyright or trademark) I would understand it's value. But in that case, why bother with the NFT - the current copyright office / trademark registry already defend IP.

@kev I literally don't get it! It almost seems (in some cases) like a profound misuse of money which could have done boat loads of good in schools, hospitals etc. In fact the amounts paid for some things are boarding on insane.

@nathan yeah, I agree Nathan. The whole thing is ridiculous. I think there are valid uses for NFTs, but as usual, money gets in the way.

I think there is a chance that NFTs could be used for patents or other things, where you want the owner of an idea, that anyone still can see and copy.

But when it comes to art? :alexjonessmile2:

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