Can you explain a bit more how that works? Surely the whole game can't be a token on the block chain (too much data).
Would the token be like a serial number that you need for the game to run? How does that work if the block chain is public? Its encrypted?
Can't someone still copy and crack the game so it runs without the token? Being able to make a perfect copy without affecting the original makes the digital space different to the physical.
It's no different than a piece of paper that says you own land, cars, or homes. It's just better in every way.
That's how I understood it too. The piece of paper means nothing if there isn't some social agreement to honour it. Currently its the police who enforce ownership via threat of violence if you steal something.
As I understand it block chain technology can just as easily be centralised as decentralised. If I understand correctly it already is more centralised than people like to admit.
Its still fiat in that it isn't tied to anything physical and the users have to agree it has value. Even if an NFT is somehow tied to a physical or digital item, there has to be some consensus that the connection is real. Like say someone pirates a song - it doesn't have an NFT saying its authentic, but does the person listening care?
The central banks are all pushing for digital currencies that they want to be tied to digital ID. Then the tech can be used against you. e.g. You could be issued smart money that can only be spent in certain places and expires after a set time. Smart contracts could be used to put very specific limits on who can do what based on social credit scores etc.
I see your point about digital ownership. As an example Ubisoft recently announced they would disable content for some of their games that are single player but required an internet connection. Dick move IMO.
However, with an NFT you still only own a token that says you own the game. It only has value if people agree it has value i.e. its still fiat.
The problem is that you can't really own anything digital.
How would you pair a physical object (like a coin) with a digital NFT in a way that could not be counterfeited? Genuine question.
I wonder how long in advance they planned covid.
Maybe not Covid specifically, but what is playing out right now has been in the works for literally milennia.
That's why I still have empathy for the people who fell for it. Part of me thinks what's coming is an inevitable, painful lesson that humanity has to learn.
Yeah I'd say Trauma-Based Mind Control counts as abuse.
OK I understand that much.
So if the users collectively agree that someone only owns that thing if they have the NFT, fair enough.
But there's nothing stopping someone from copying a game, or music or whatever and using it without caring about it being authentic or not. Maybe there would be some way you could encrypt it to only unlock for someone that holds the token? But as I understand it the block chain is open source so you couldn't put a key inside an NFT because everyone could see and use it then.