ST Alpha - "I mean, yes and no. But with digital, what's the point?" (Reading a Post)

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In response to "Jokes aside, I've been trying to distill the answer of "What is an NFT?" for a while, and isn't it just the copyright to a digital item?" by Mop

I mean, yes and no. But with digital, what's the point?

Posted by JaxSean (aka JaxSean) Apr 29 '21, 07:34

it's infinitesimally reproduceable, so what's the point of owning "the original?"

With a (physical) painting, if you own *the original*, people could produce replicants, but it's not the same from a value perspective.

It's mostly just a status thing, IMO.

Responses:

Movies and music... even photographs... what's the "physical" medium here? A thumb drive? A CF card? -- nm - Mop Apr 29, 07:51 8
- “Physical medium”, lol. -- nm - znufrii Apr 29, 08:06 7
  - That's my point. Jax is trying to juxtaposition an NFT vs. a digital movie, song, or photograph. But how are they different? -- nm - Mop Apr 29, 08:08 6
    - No, I'm saying a physical medium is different. Owning "the original" digital medium is, essentially, worthless. - JaxSean Apr 29, 08:15 5
      - But by this reasoning, a photographer whose entire photo library is digital doesn't actually own anything at all. -- nm - Mop Apr 29, 08:19 4
        
        They own the rights to their images. Unfortunately there is no ironclad way of enforcing them once they are shared. -- nm - znufrii Apr 29, 08:35 3
        
        This. Imagine going to Disney and claiming that they don't own the latest Marvel movie cause it doesn't physically exist -- (edited) - JD Apr 29, 08:37 2
        
        Meanwhile NFTs strike me as nothing more than the right to comment “First!” on the ‘original’*. -- (edited) - znufrii Apr 29, 08:43 1
        
        I'm pretty sure that this is exactly it. Whether the buyer's completely understand this is another question -- nm - JD Apr 29, 08:49

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I mean, yes and no. But with digital, what's the point?

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