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@TinaRiversRyan my understanding: crypto is an attempt to invent a form of ownership that is technically, rather than legally, enforced. owning an NFT means nothing legally* - it means the ownership field of the NFT points at the address of a wallet you have control of the private key for.Permalink Look on archive.org
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@TinaRiversRyan what crypto people have, amazingly, managed to do is give that new technical definition of ownership a sense of social consensus - people agree that those database entries being set up that way mean somethingPermalink Look on archive.org
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@TinaRiversRyan but there's a whole load of legal ways that you can own something, and it's not any of those. and that was intentional! because the early ideological crypto people wanted to create something that governments would have no control overPermalink Look on archive.org
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@TinaRiversRyan (and having no government control means it has to not require participants to trust each other, as that trust is ultimately backed by the state (theoretically))Look on archive.org
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@TinaRiversRyan * footnote: but it might be the case that the police will get involved if you steal an NFT. idk, I think it's all pretty new and experimental territory. a smart lawyer could argue that nothing was actually stolen, imo. see also: tax implications.Permalink Look on archive.org
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@TinaRiversRyan all of this is in comparison to copyright, which is a form of ownership governments invented. or physical ownership, which predates the nation-statePermalink Look on archive.org
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@TinaRiversRyan btw, my personal opinion is that all of this is bad, we continue to live in a society, it's better to have systems where you can't lose everything you own if the wrong hard drive fails, ban this libertarian bullshit before it melts the planet.Permalink Look on archive.org