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Thanks to NFTs, you can own a piece of Bayes Theorem

opensea.io

3 points by drtournier 4 years ago · 5 comments

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ipnon 4 years ago

"A mathematical formula should never be 'owned' by anybody! Mathematics belong to God." Donald Knuth, Digital Typography, ch. 1, p. 8 (1999)

  • drtournierOP 4 years ago

    That's the whole point on this NFT conundrum, right? One can post something without even have to confirm that they are the owner by rights of what they are selling. https://www.vice.com/en/article/wxdzb5/more-than-80-of-nfts-...

    • ipnon 4 years ago

      NFT's perfectly solve the problem Proof of Ownership, but they cannot solve the problems of Proof of Uniqueness or Proof of Scarcity by themselves. Digital goods are practically defined by their trivial marginal cost of reproduction. What sense does it make to prove you own something that is reproduced and cached automatically in your browser by simply viewing it?

      NFTs will find better success with items whose scarcity or uniqueness is constrained by the law or physics. An NFT proving partial ownership of a company like Apple will work because there are legal penalties to copying Apple and it's property. An NFT proving membership in a nightclub will be safe because copying the NFT's smart contract doesn't accordingly copy the physical building the nightclub is in.

stevenalowe 4 years ago

No, you can’t.

“IF YOU BUY THIS, YOU ARE NOT BUYING BAYES RULE. You are just buying a scribble from a guy who loves statistics. That's it.”

rsynnott 4 years ago

This is surely peak NFT nonsense.

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