NFT Ownership Debate
The cluster focuses on skepticism about NFTs proving ownership, originality, or provenance of digital assets, arguing they only track token ownership on the blockchain while digital content can be easily copied or duplicated.
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I assume something to do with proving ownership via NFT.
NFTs can't prove originality, only ownership. Since digital things are easily copied exactly, that's all you can do
Isn't the whole point of NFTs on a blockchain that you have a record of provenance for the token? So just "having" it isn't enough?
You bought a NFT on some blockchain that exists now, you didn't buy the number. I can sell that same number to someone else, and I could print a big picture of it on fancy paper in a nice frame and afix a hologram seal of authenticity. You owning the NFT of that number doesn't give you any rights to that sale, just as my framed picture doesn't give me any rights over the NFT.
NFT can't prove ownership of anything but itself. Anyone can make a new NFT for the same artwork/game-asset/bridge/moon-plot and claim they own it.There isn't even a uniqueness check, so there's no limit to copying other people's NFTs.It's like buying a copy of an artwork in a museum gift shop. Your print is yours, but there can be thousands of other copies and there can be printed more at any time. None of them are the original artwork anyway.
NFTs don't bring proof of ownership. You can mint whatever. The only real protection to ownership is given through copyright and by asserting that legal right. Everything else is smoke and mirrors.
The NFT is proof that you purchased the item, but it's not proof that what is in your possession is the the thing the NFT claims it is.
Wasn't this the literally exact thing NFTs was supposed to prevent?
Hi, thanks for responding.What do they "like" about holding an NFT? They don't own the copyright usually, and they also don't own the original. Do they like seeing their name as the owner on some website? Because we can do that with credit cards and databases and html.If the well has been poisoned already, asking someone for proof of the poisoned well seems silly when all you have to do is look in and take a whiff. This is the kind of pretzel people try to logic the
No, they can't just copy what you own. The double spend problem is one of the core problems solved by blockchain. You can't copy and paste a Bitcoin. A blockchain is a ledger. The ledger is validated by a network of thousands of nodes using deterministic logic and cryptographic signature verification.Likewise, NFTs are records in a smart contract that has been deployed to a Turing-complete blockchain. Following the ERC721 standard (which is the most popular but not the only example)