636 karma · joined September 25, 2012
The enforcement, interestingly, is more traditional; the owners of the "Valuables by CENT" trademark can use existing legal structures to prevent anyone else using that name.
Meanwhile the NFT is digitally linked to the Valuables by CENT smart contract on Ethereum, which will presumably have an 'author' property attached to it, set to the string "Valuables by CENT".
1. That you paid a certain amount for the certificate.
2. That there will never be another certificate for the same thing, from the same brand of certificates (e.g. "Valuables BY CENT").
Pretty much exactly like owning a baseball card, then.
level 1 = expect car to go into ditch if you're not careful
level 2 = hands on steering wheel but it should be ok (Tesla)
level 3 = hands off steering wheel, looking around, expect to have to take over control (Honda's beta test)
level 4 = either taking over control rarely needed, or vehicle has limited ability (e.g. can't drive in snow)
level 5 = you can sleep
The confusion lies around whether we're allowed to watch TV - however I'm fairly sure no country or state has passed legislation allowing us to take our eyes off the road while driving.
The other consideration is that things generally don't just 'go down' like they do with bare metal (because HA - replication and so on), but if they do, it's likely affecting a large portion of the internet too.
"I'm going to patent shopping".
I.e, the value of the coin is driven by the interest in the tech it provides.