Post
Topic
Board Project Development
Re: old Bitcoin addresses as 'NFT' on the Bitcoin blockchain - a signature chain
by
Ojima-ojo
on 15/12/2022, 08:37:39 UTC
The transfer does not include the private key for the address, so how can it be claimed that ownership of the address has been transferred? Furthermore, even if the private key is also transmitted, then ownership is only shared and not transferred because the previous owner still has the private key.
In this 'NFT' project we call it 'ownership'.

I think I understand completely.

My question is what does "ownership" in this system mean? What is the significance of "ownership" beyond simply controlling the address in the last signed message in the chain? How does it relate to the real world? How does it relate to the common definition of the word "ownership"?
Same here what's the point ownership when the new owner can have access to the private keys that control the wallet address, I know a lot of development is possible with NFT.

But then as a newbie in Bitcoin technicalities, I will rather watch from afar and I will continue to learn when I gain a good knowledge of how the block transaction works.

Then I will try it out to see how it works if the new owner of the wallet address will have control of the wallet or not, or the 2nd owner will only be able to sign a message and carry out transactions in the wallet since only the first transaction of Bitcoin wallet is count valid.