When you buy an NFT, you do buy the rights to a file, but you could do that just as easily without a blockchain.
The funny part is that an NFT doesn't even do what it says; it doesn't act as an alternative to written contract, because no law protects copyrights according to the blockchain.
Exactly. And even if it existed, you would still need a way to enforce it, which makes it no better than traditional ownership documents.
The following list by Loyce is pretty accurate:
The list gets longer and longer: altcoins > tokens > ICOs > Forks > DeFi > NFT > Ordinals.
Have we all forgot about the early phase (here called 'Altcoins') where the 'next big thing' was 'Blockchain, not Bitcoin'? People were trying to solve all sorts of stuff with blockchain,
just because. Then we realized a blockchain only really makes sense as a base layer for a
Peer-to-Peer Electronic Cash System, and now we've gone full circle, contemplating (yet again! this has been discussed almost a decade ago!) whether to use blockchains for all sorts of funny business?
ISPs don't store the data, and especially don't store it in cleartext.
As I've said in another thread, I don't make legal statements, because I'm not a lawyer, but ethically-speaking, is it just me or you give too much attention to whether a digital file comes in clear text or encrypted? Okay, let's say ISPs store the data encrypted. Would you feel less guilty if you moved illegal files encrypted without your consent? Does this eliminate the ethical concern?
Exactly, my ethical concern is removed as soon as (end-to-end) encryption is involved. If someone wanted to store their data on my server, sure. They encrypt it, upload it, (pay for it) and download it whenever they need it again. There is no way for me to either check that they didn't upload illegal content, while I will also most likely not 'serve' such data to others, since they won't have the decryption keys.
Since Ordinals are instead all about uploading and serving arbitrary unencrypted data to the whole world, though, it all changes.