- cross-posted to:
- 196@lemmy.world
- cross-posted to:
- 196@lemmy.world
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At least physical land is an inherently non-fungible thing, while NFTs are only a non-fungible piece of code people claim ties to something else of value. The real original NFTs are intellectual property, as they’re just the government saying you can’t copy things that are totally possible to copy.
At least physical land is an inherently non-fungible thing, while NFTs are only a non-fungible piece of code people claim ties to something else of value.
Well its really the land “deed” you own, which is entirely fungible (though managed as a non-fungible item through state enforced violence).
The NFT is a non-fungible paper that says “you own this thing everyone can use”, and as soon as you make that thing private, the NFT instantly loses its value.
A land deed is a “non-fungible” paper that says “you own this thing everyone can use”, and as soon as you make that thing private, the deed massively appreciates in value.
The violence is optional and it also need not be the state itself supplying the violence, depending on the jurisdiction.
Well, yes, land is managed through state enforced violence but also the laws of physics. There’s only so much that can fit on an area of land. If I build a house that takes up the full extent of the property, then nobody else can use the land for, say, a parking lot without me removing my house first. Every bit of land used/bought is a reduction in the amount of land left to buy. But a JPG can have unlimited copies made of it, providing unlimited storage. If I make a copy of a NFT image, I don’t deprive the owner of the image. If I buy a piece of land and use it, I’m kind of depriving others from use of that land.
Time for my favorite Rousseau quote baby:
The first man who, having enclosed a piece of ground, bethought himself of saying “This is mine”, and found people simple enough to believe him, was the real founder of civil society. From how many crimes, wars, and murders, from how many horrors and misfortunes might not any one have saved mankind, by pulling up the stakes, or filling up the ditch, and crying to his fellows: “Beware of listening to this impostor; you are undone if you once forget that the fruits of the earth belong to us all, and the earth itself to nobody!”
Damn that’s pretty good
I’ve been saying for ages that we all belong to the earth equally. We need a new system of acknowledging this legally.
The American mind can’t comprehend the freedom to roam.
They’d rather shoot people for “trespassing” in the land of the free.
Manifest destiny! But not if somebody is already there. No wait, not like that. What do they look like?
Wish I had the freedom to roam into area 51
Believe it or not… https://youtu.be/jPpBtCfbn-c
What exactly do you think any ownership is if not the threat of social pressure and government violence enforcing property rights?
The US is just a NFT scam with an army is not the worst summary.
This is in zero ways unique to the US. Also “an “en-ef-tee””
“a nifty”
If someone steals a physical land deed, there are relatively simple-to-understand methods of recourse for the original owner which will fix the issue.
If someone steals your NFT, then there’s virtually no chance of just identifying the culprit. And even if you could somehow find them, if they don’t live in the same jurisdiction as you then you’re still never getting it back.
Also you can’t right-click copy and paste land.
Just because something is backed by institutions, that doesn’t magically make it real.
See also: Imaginary Property
Land is useful tho
Interestingly, NFTs could solve a lot of issues with deeds. This was posted on reddit some years ago
Spent some time working in real estate fraud. Your question [regarding somebody hacking your wallet and stealing the deed] creates a scary scenario but let me assure it isn’t better now. You would be surprised at how hilariously easy it is to get on title for a property and start fucking with it.
All I need is the current owners information (public record) and I can go record a deed right now. Its called a wild deed and while they don’t usually cause any trouble if your state laws are decent you can very easily wake up to someone else’s name on your title and an annoying legal process to clear it.
It happens by accident ALL the time and people usually don’t realize it until they try to refinance.
AINs that are different by a single digit are more than common. Deeds can be hand-written and there is a lot of room for human error in the recording process.
“Is that a 6 or a 0?” - Registrar employee about to ruin your month.
Now your neighbor “owns” your property, your lender is sending you angry letters, and you have a court date just to delete a document with a typo on it.
This is before we get into criminals actually trying to steal from you. The damage can be catastrophic. You will lose your home if you sign the wrong paper or (more recently) put your thumb on the wrong ipad.
There are issues here for sure but don’t think a paper deed in a lockbox is much safer than an nft. It’s just how we’ve always done it.
While I think the collectable NFT craze has crashed and burned, it was an interesting experiment. I think NFTs in some way have a use case. While not specifically an NFT, Buenos Aires for example rolled out crypto/blockchain backed Identification.
Many people would suggest that walking on someone else’s land is a bad move. While you can walk on it, the fact that human history is full of blood feuds and killings sparked by trespassing suggests it’s not that simple.
The year is 3026. You’d better think twice before downloading that monkey JPEG.
Not quite. I believe the historical consensus is that if you can defend it, you own it.
Last time I checked the historical consensus was “they need the state to enforce property rights bc having their own militias to defend their property isn’t feasible”
yup. Without a body willing to commit violence to uphold ownership there is no ownership.
NFT images are a joke because they’re unenforceable. Land ownership is the oldest enforceable law on earth, since the moment mobile creatures started returning to a spot to rest and defending it.
Yeah whether or not the existing power structures around it are just humans are very much “nesting” animals.
(Not arguing against your central point)
Personal property is even older: “possession is 9/10ths of the law.” Our ancestors would carry around small tools for millions of years before we started making permanent homes.
I don’t think thats older than the original creatures on the ocean floor establishing territory.
Property is theft, property is liberty, property is impossible
What the Fiat
this one is sooo good, i downloaded. the greatest honor i can hand out…
thanks for sharing <3
“owning land” historically was mostly about defending the peasants that lived on that land from external violence threats, for the exchange of natural products (mostly food)
