An important thing that people don't understand is that tokens will always require a legal aspect to be functional.

If you tokenised goods then the goods do not become digital

More importantly, how do you protect digital rights even if you're talking about digitising these because nothing on the Blockchain is encrypted and if you're selling rights to access something, you're also selling rights to decrypt

So even if you are talking about a digital asset nothing stops someone from copying that and recreating it outside of the law

If you have tokenised video the truth of the matter is it is only law and courts that stop individuals from making copies of that and from broadcasting it themselves even for money

Let's take an example - you make a new video from your band's music and you sell it using tokens

Apple for instance has their own distribution platform, they buy a single copy of that video and now have access to decrypt it

Rather than paying you, they reissue their own token and sell your video

It is only due to the fact that we can legally link ownership to individuals and take action that allows people to stop Apple from rebranding and selling that video that you have created and allowing your group to make money and not be beholden to a large company

Bitcoin does not solve these issues using technology, it provides evidence that allows a legal solution

If you start to think about it, this concept that bitcoin or derivatives are encrypted has made a false concept that allows individuals to promote a conncept that property rights don't exist

By being able to fork an asset anybody can just take over the rights of another

This is especially easily done on digital assets.

You require an ability to easily prove property rights and this requires courts and law

All of this posturing is logically flawed.

Individual sit there telling you how they want to protect your property rights using tokens including those that are digitally created yet they fail to tell you that the token does not do that

you need a combination of identity, a ledger such as what bitcoin provides and a number of other aspects to make something that is a innovative token solution

and, tokens outside of the main chain are not innovation at all

CSW
Mar 10, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1615368196192800?thread_ts=1615368196.192800&cid=C5131HKFX

https://t.me/CSW_Slack/2038