Ancient words continued

Following on previous item about the ancient details of possession…

Yesterday I watched a stupid Youtube sales pitch for NFTs. Even now, after the whole fake entity has publicly collapsed, the scammers are still working hard.

Old radio and TV shows about rackets dramatized this aspect. As the cops were hauling the swindler off, he made a new pitch to the victim, who then visited him in jail and lost even more money. Swindlers are innate and permanent, just like other personality types.

These NFT swindlers were “passionate about NFT utility”, and tried to name several potential “use cases” for NFTs. Needless to say, none of these “use cases” made any sense. Licensing agreements are infinitely flexible. Any real way of MAKING MONEY from art or text or inventions can ALREADY be encompassed by a licensing agreement, if not by strict copyright or patent.

Thinking of NFT in terms of the three ancient words in previous item:

Buying an NFT for an existing work doesn’t give you extra privilege of usus beyond what you already have. If the work is public, like the Parthenon or the Bronx or a picture of a pipe-smoking monkey, you can already see or visit or download the item.

Buying an NFT doesn’t give you fructus at all. Only the owner of the physical object or the owner of the copyright can sell the copies or fruits.

Buying an NFT doesn’t give you any abusus of the original. If you have an NFT for the Bronx, you can’t remodel Yankee Stadium or steal non-pipe-smoking monkeys from the Bronx Zoo and train them to smoke pipes.

What do you get? You get a personal nickname that nobody else owns. You get the privilege of calling the Bronx 58437683476867854646837589347658375834957834758347 instead of the Bronx. Your nickname is unique. Nobody else is allowed to call the Bronx 58437683476867854646837589347658375834957834758347, and you can …. well, you can’t actually assert this ownership because you don’t have a copyright or a trademark on 58437683476867854646837589347658375834957834758347 as a synonym for the Bronx.

= = = = =

Irrelevant: Speaking of ancient latinate words in English, and speaking of numbers as synonyms for concepts, this is Post #1066 in my WordPress blog.