Another is because for a decentralized ownership service to hold any ground it must be either backed by a (centralized) court of law or hold the full service you're buying. Otherwise what's stopping a hosting platform to remove the service you bought with your nft from their platform?

[–] mub@lemmy.ml 2 points 9 months ago (1 children)

Indeed. Needs to be run by an independent non-profit organisation.

[–] Steve@startrek.website 6 points 9 months ago (1 children)

Like the government?

[–] mub@lemmy.ml 5 points 9 months ago

Not ONE government, but I'd accept something that lots of governments sign up to and share responsibility for. E.g. funding and making sure it is not giving any one country preferential treatment.

[–] ryannathans@aussie.zone 1 points 9 months ago (1 children)

Why would there be massive losses licencing media properly?

[–] Seasoned_Greetings@lemm.ee 8 points 9 months ago* (last edited 9 months ago)

A black market would arise. Finished with your show? Get your money back. NFTs aren't connected to identity like that.
They could never pull a stunt like what they're doing now and make people rebuy things.
Advertising opportunity would essentially fall to zero. Ever notice how ads play before and after streaming services nowadays?
A subscription model wouldn't work under this system. Subscriptions pull in a higher net than single selling products.

The current system would be overturned in its entirety by something like this, and that's why the people making money and holding the rights aren't going to let it happen.