I can think of a few other reasons other than the technology being new. But considering the general enshittification our civilization is going through, I can agree that this may be where it’s headed.
A decentralized ownership platform would be good for consumers. Currently all digital rights management is centrally managed by corporations and that ownership is revoked or lost when the company is sold or goes out of business.
We are talking about the topic you brought up - digital rights management. The thing that prevents you from using software (or, nowadays, even hardware) without a license is not some magical karma woven into the fabric of the universe. It’s code that the companies put in their product. No matter how much blockchain technology improves and not matter how much popular it gets - you still need these companies to actively implement NFT based DRMs. Why would they do that? Why would they relinquish control over their product? I jokingly said earlier that it’ll happen because the trend is to make everything worse, but companies that make their product worse do it to gain more control over their users and extract more money from them.
EDIT: I’m surprised to be getting so many downvotes on this. Are people under the impression they own movies and music they download through torrents? Again, obviously there is a difference between “I have this digital content” and “I own this digital content”
I’m out of the loop here, how does ownership actually impact the world in these cases? If I buy an nft image do I own the copyright to it? Do I get legal control over its use? What’s the deal here? I see a lot of talk about ownership of a digital asset but I have thousands of digital images stored and I don’t get why a blockchain is needed in the situation?
Again, that’s obviously not how ownership works. You can download movies and music too. Doesn’t mean you own them. If your argument is “it doesn’t stop piracy” I’m not disagreeing with that.
I didn’t say that. You genuinely don’t understand what NFTs are or how any kind of “ownership” works with them. I don’t blame you for your ignorance because that’s how they sell them. I blame you for passionately defending your ignorance instead of learning the actual, objective truth
Lol. I gave a counter argument that had nothing to do with NFTs that blew up your home brewed understanding of what digital ownership is and then you turn around and accuse me of ignorance?
Just because digital content is on your device doesn’t mean you own it. That’s the case for digital movies, music, books and so forth and has been long before NFTs were even a thing. This isn’t up for debate. Until you acknowledge that there’s no point in even having a conversation.
Yes he can prove it. Digital receipts stored on a decentralized platform have some exciting use cases.
But no legal implications.
Not yet no. And for good reason as it is still fairly new. But ultimately that’s where it’s headed.
I can think of a few other reasons other than the technology being new. But considering the general enshittification our civilization is going through, I can agree that this may be where it’s headed.
A decentralized ownership platform would be good for consumers. Currently all digital rights management is centrally managed by corporations and that ownership is revoked or lost when the company is sold or goes out of business.
Which means companies have zero incentive to implement such mechanism for their DRMs.
Are we talking about something else now?
We are talking about the topic you brought up - digital rights management. The thing that prevents you from using software (or, nowadays, even hardware) without a license is not some magical karma woven into the fabric of the universe. It’s code that the companies put in their product. No matter how much blockchain technology improves and not matter how much popular it gets - you still need these companies to actively implement NFT based DRMs. Why would they do that? Why would they relinquish control over their product? I jokingly said earlier that it’ll happen because the trend is to make everything worse, but companies that make their product worse do it to gain more control over their users and extract more money from them.
First you said it would make things worse then when I told you it has the potential to make things better you said it wouldn’t happen. 🤷♂️
Nah. Copy/paste
Yes pictures can be copied and pasted. Digital receipts cannot be forged. It’s the difference between “here is an image” and “I own this image”.
I own it. I just copied it. It’s on my computer. Mine now
Obviously that’s not how ownership works.
EDIT: I’m surprised to be getting so many downvotes on this. Are people under the impression they own movies and music they download through torrents? Again, obviously there is a difference between “I have this digital content” and “I own this digital content”
I’m out of the loop here, how does ownership actually impact the world in these cases? If I buy an nft image do I own the copyright to it? Do I get legal control over its use? What’s the deal here? I see a lot of talk about ownership of a digital asset but I have thousands of digital images stored and I don’t get why a blockchain is needed in the situation?
Good question! In almost all cases, you ONLY own the NFT “wrapper” around the content
For example, if you own an NFT of a picture, you only own the NFT. You do not own the picture or any kind of rights to it
Did you ever buy any movies from itunes?
I did not no, I’m an ardent believer that proprietary file format is a bad form for media as it relies on a single entity to maintain its support.
Yes and another reason not to was it relied on a centralized database to prove ownership which Apple shut down.
A decentralized proof of purchase system provides the means for addressing this problem.
I don’t own the NFT, but I own everything in the NFT that matters (the picture)
Again, that’s obviously not how ownership works. You can download movies and music too. Doesn’t mean you own them. If your argument is “it doesn’t stop piracy” I’m not disagreeing with that.
I didn’t say that. You genuinely don’t understand what NFTs are or how any kind of “ownership” works with them. I don’t blame you for your ignorance because that’s how they sell them. I blame you for passionately defending your ignorance instead of learning the actual, objective truth
Lol. I gave a counter argument that had nothing to do with NFTs that blew up your home brewed understanding of what digital ownership is and then you turn around and accuse me of ignorance?
Just because digital content is on your device doesn’t mean you own it. That’s the case for digital movies, music, books and so forth and has been long before NFTs were even a thing. This isn’t up for debate. Until you acknowledge that there’s no point in even having a conversation.