Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Why couldn't you just have a SQL DB where you store the ownership of these assets though? There's no reason to use an NFT - it's overkill.


What, and trust the central planners at Sotheby's to not steal my apes and slimers? They'll sell off half the pixels to the government because of my back taxes.


Is that different from how crypto operates though? Cryptocurrency exchanges already have to report to the IRS/government and they'll still come after you if you have unpaid taxes.

If NFTs get big enough, there's no reason to believe that the NFT exchanges wouldn't have to register with the government/IRS.


A simple example:

You wouldn't trust your NBA Topshot ownership to .. the NBA? Of course you would - SQL DB strictly better.


Sounds like a business opportunity.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: