this post was submitted on 10 Nov 2023
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[–] BirdyBoogleBop@lemmy.dbzer0.com 36 points 1 year ago (1 children)

No they aren't NFTs are recipts. That is all they are. They can have a connection to images or physical goods but they only proove that you bought a recipt and not actual ownership.

[–] fosho@lemmy.ca -5 points 1 year ago (3 children)

so a deed to a house only proves that you bought a piece of paper, right?

[–] ImFresh3x@sh.itjust.works 9 points 1 year ago* (last edited 1 year ago)

No a deed to a house has legal meaning. So it’s not at all like a deed to a house.

Sort of except it means nothing. It's like having a deed with absolutely no legal weight.

If I buy a microwave and try and return it with only the receipt they won't give me a refund because I only bought the receipt. I could sell the receipt, sure it says you bought it but I am keeping the microwave.

[–] Tnaeriv@sopuli.xyz 3 points 1 year ago

If the deed was scribbled with crayons by a hobo and the house would be imaginary. That would be comparable to NFTs.