There is a unique downside to NFTs, I just realised.
In order for it to mean anything, the NFT blockchain cannot be managed by just one server. And further, not by the entity which sold you the thing.
So we need maybe all streaming services to each have multiple blockchain servers, all supporting the same chain. Then we know one org cannot play games (rollback the chain, try to take back purchases).
We'd need all studios/media producers to agree that this meant "sold" too.
And lastly, we'd need to separate "sold" fees from "streaming" fees, so one could buy, but streaming services could get paid for front end support/platform/ongoing streaming costs.
And naturally, in this world, you could download any copy of this media.. and store locally, and forgo streaming costs.
But for all of that to work, you'd need something else. Laws stating that, basically, if the NFT servers were ever discontinued, a static copy would be provided, and all would gave ownership validated forever ... or the content creator would give up all copyright on the media.
In other words, you sell without physical media, you must use a blockchain, and once you do that you must always provide servers to verify, or you lose all copyright.
That last bit is important. It puts the burden on the content creator. Sell digitally, and you must make sure it's a real sale, or else.
Anyhow, my point in all of this is the immense downside.
A public copy of everything you watch, listen, read, tied to your public ID.
There is no other reality. Schemes of non-ID based authentication are blather, because to truly claim ownership, your identity must be known. And even if some method to separate ID from chain ownership are hatched, it a hack a day world, your ID->chain ID will get out.
There is no anonymity in this.
Which means everything you watch, read, view, would be public knowledge. The chain, by its very nature, must be viewable by everyone, all the time.
Right now, this info is very dispersed, spread over providers and sellers. And if you have any doubt of the value of this information, to profilers, the government, note that post 9/11, there was an immense fever raised by librarians, for the US government wanted a record of all books to be kept, and who checked them out.
So any NFT/chain plan, means all your ownership data, ready to be used by the government for profiling you, by banks to profile you to determine risk, by political opponents to discredit you, and more.
In order for it to mean anything, the NFT blockchain cannot be managed by just one server. And further, not by the entity which sold you the thing.
So we need maybe all streaming services to each have multiple blockchain servers, all supporting the same chain. Then we know one org cannot play games (rollback the chain, try to take back purchases).
We'd need all studios/media producers to agree that this meant "sold" too.
And lastly, we'd need to separate "sold" fees from "streaming" fees, so one could buy, but streaming services could get paid for front end support/platform/ongoing streaming costs.
And naturally, in this world, you could download any copy of this media.. and store locally, and forgo streaming costs.
But for all of that to work, you'd need something else. Laws stating that, basically, if the NFT servers were ever discontinued, a static copy would be provided, and all would gave ownership validated forever ... or the content creator would give up all copyright on the media.
In other words, you sell without physical media, you must use a blockchain, and once you do that you must always provide servers to verify, or you lose all copyright.
That last bit is important. It puts the burden on the content creator. Sell digitally, and you must make sure it's a real sale, or else.
Anyhow, my point in all of this is the immense downside.
A public copy of everything you watch, listen, read, tied to your public ID.
There is no other reality. Schemes of non-ID based authentication are blather, because to truly claim ownership, your identity must be known. And even if some method to separate ID from chain ownership are hatched, it a hack a day world, your ID->chain ID will get out.
There is no anonymity in this.
Which means everything you watch, read, view, would be public knowledge. The chain, by its very nature, must be viewable by everyone, all the time.
Right now, this info is very dispersed, spread over providers and sellers. And if you have any doubt of the value of this information, to profilers, the government, note that post 9/11, there was an immense fever raised by librarians, for the US government wanted a record of all books to be kept, and who checked them out.
So any NFT/chain plan, means all your ownership data, ready to be used by the government for profiling you, by banks to profile you to determine risk, by political opponents to discredit you, and more.
In a sense, this is very dangerous...