What it was years ago | What it is today:
- P2P Electronic Cash system | P2P JPEG ownership transfer service
That's the thing: there is no JPEG ownership, it's meaningless! It only "means" something on a made-up system, which only means something to the few people who are in on it. To the rest of the world, it doesn't mean anything. And on top of that, anyone can claim "ownership" of any image, with or without having the rights to do so. It's a scam.
No-coiners will also tell you that BTC is meaningless, it's a made-up system...
Only 1% of the global population owns BTC, to the rest (99%) of the world it doesn't mean anything.
You're missing the point. If I own Bitcoin, it's mine! Nobody else can use it, nobody else can take it. It doesn't matter if someone else is interested or not: it's mine. 99.8% of the world, including me, doesn't own Swedish Krona. But nobody would say it doesn't mean anything.
I have many JPEG images. I
own many of them: they're pictures I took myself. I never gave anyone a copy, which means I'm certain I am the only owner. If I'd upload it to a server, anyone can download it. If I upload it to a blockchain, it doesn't mean anything for ownership.
I am kind of seeing a similar thing while at the same time starting to feel some kind of a tinge of an attack on the bitcoin network and transactability of regular folks, but I still am tentatively considering that they are not going to be able to keep it up, becuase there would have to be buyers
I'm not so positive. Once one scam fails, they'll move to the next one. We've already gone from NFT to Ordinal to Rune, just like many altcoins were created in the past, followed by many ICOs, many Bitcoin Forks, DeFi BS and more.