With an NFT, you don't get that. It's equivalent to your county clerk's deed registry, including the $100 filing fee, and excluding the legal machinery which gives the deed registry its value.
With an NFT, you don't get that. It's equivalent to your county clerk's deed registry, including the $100 filing fee, and excluding the legal machinery which gives the deed registry its value.
Sure, I’m not saying an NFT is substantively like a deed, I’m saying the link in an NFT serves a broadly similar purpose to the address in a deed.
An NFT is perhaps more akin to a certificate from one of those star name registry outfits that were popular for a while, but with less specificity as to what you supposedly bought with respect to thing it describes.
Then the people with guns now have to expend resources to maintain and enforce those amendments. If they are not somehow just discarding the entire blockchain subsequent to their amendment, they're maintaining an every increasingly complex set of merges. Furthermore their amendment (very probably) isn't a cryptographic blockchain, so it's subject to all the problems that the actual blockchain list are not (forgery for example).
What makes blockchains unique is that they are the first example of these various records (ledgers, titles, etc) that physically cannot be manipulated in certain ways.
Their amendments are theirs. This is like saying that keeping your own accounting is worse for you than putting it on a blockchain, since someone might forge your own accounting books - it just makes no sense.
"They" can do just about anything they want. They can make their amendment. They can declare the blockchain null and void. They can hold a gun to your head and tell you to sell your NFT. They can even pull the trigger, in an attempt to make an example out of you for the next fool that tries to defy their authority. But the one thing they cannot do is seize your NFT without your volition. Not without breaking some of the fundamental mathematical ideas behind encryption.
Is there value in that in present day society? Maybe not. But there is undeniably something special about it.
That’s not true.
I mean, even if the access to the NFT relies solely on material in your head, there are pharmacological approaches, among others, that while not necessary reliable, can cause you to give up information without meaningfully willing it.
Even a pharmacological approach is a side channel attack which no one seems to care to distinguish between attacks on or flaws with the underlying idea. When discussing the merits of blockchain technology we are allowed to take for granted its very obvious underlying assumptions. Namely that there exists private information held by a user of the system.
https://blockzeit.com/opensea-nft-marketplace-stops-hacker-f...
There is another example in the article - his nft was deleted from the marketplace, and nobody buying monkeys cares what is on the blockchain.
If you’re worried about the government forcing you out of your home at gunpoint, what makes you think they can’t seize a private key or force a few keystrokes?
Again, you’re seriously arguing that it’s harder for the government to take your house rather than give up your password?