Memes

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submitted 1 year ago by [email protected] to c/[email protected]

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If you buy this, you are scammed.

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[–] [email protected] 4 points 1 year ago (1 children)

Okay but I own the ring, even I'm not holding it.
Well... No, the ring is Sauron's for legal reasons. You own a picture of it on the shared ledger.
Okay, so I can expect this picture to be under my control and ownership at least?
Well... No, you don't "own" own it, and it's not the picture either, really. It's just a number. But! The number points to a row in Opensea's database of pictures.
Okay, so I have ownership and control of that picture in Opensea's database?
Hahaha no, they can remove it or change it and you can't do a thing.

[–] [email protected] 1 points 1 year ago

Just sounds like a bad implementation of a good concept