Quote:
Originally Posted by Ruffy
Nope, I still don't get it. Why do we need a decentralised ledger to permit trade? It seems to be built on a constructed fallacy that subjective interpretation/opinion should have universal value, or that 'money' has value in itself.
|
It doesn't permit trade, you can still meet up with someone and exchange goods. Money permits you to do it remotely, but relies on the government/central bank to guarantee its value. The blockchain gets rid of that central control and lets individuals trade without meeting. There's probably more to it than that, I wouldn't say I'm an expert in it
Quote:
|
Really, is an NFT any more useful than an old-world handwritten receipt- isn't it just a unique proof of something at the end of the day, with an attributed value like an IOU?
|
The difference is that a handwritten receipt is meaningless unless you saw someone write it out, and even then it's your word against theirs.
If you showed the IOU to a court, who would they believe? With the blockchain, there are thousands (millions?) of people around the world who can all independently validate and guarantee your IOU is genuine.