Digital Ownership

0:00 There's so many things going on here that I think we can bundle it the whole next thousand shits. But I'll just give you one idea that is also a generational thing. People who are old enough to remember that you actually have to pay for each and every photo if you develop them, so it costs to take pictures, they still store and keep all their photos usually and they have that mindset. But young people, they take snaps and they don't care about it and they can take thousands and then just pick one, choose one and throw the rest away. They are in a completely different mindset. Same thing here. Digital is more tangible than the actual physical. So they treat it differently, but it doesn't probably go as far as thinking as an asset or value. It's more like a natural thing with different meanings than what we use to bundle. And I also tend to think about that. We here have, we have all these multiple meanings for things, but most of the people are just completely ignorant of these things. They just see it as a one thing and maybe it is something they throw away tomorrow.

1:06 Yeah, the concept of notary is nothing new. So in that sense, the proof of providence is an old concept and yeah, it shows something, but obviously it doesn't prove that it's not a fake or anything else. It just proves that, you know, it existed at that time. Most people are not using strong passwords. Most people are not using a second factor authentication. They're not backing up their data. It's not that deep. So we who know technology, we understand how it works, how data is pointers for nothing, or there's nothing underneath it. So technically it doesn't make any sense. That knowledge doesn't exist for most people. They just buy those things without that knowledge. The ignorance is bliss. That's a really great point. And I think it's really, that's how it is. You have to be early. You have to do things which are not sustainable.

1:56 Otherwise, unfortunately, the secondaries, success for your cut from the secondaries hasn't really taken off or it's been circumvented nowadays. So artists are once again, where they've been in all the other forms as well, the artist base. I already forgot I was thinking about this topic and giving some examples from a few years ago. And well, you can check the article if you're interested. Maybe there's some examples. I'll just read the article by saying the following. Wrapping something in an NFT is not the important thing. It's all about the conceptual context it represents. What's the value of it?