Property is incompatible with decentralization

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2022-09-22 16:00:17

A lot of NFT discourse involves people who understand neither intellectual property nor regular property arguing about whether or not it’s good to reimplement both without any kind of enforcement mechanism. I work in IP and let me tell you: property is fucked.

Intellectual property is fucked in several very specific ways, because it has never been about some kind of transcendent metaphysical right to get money in perpetuity for your mindchildren but about incentive engineering, and incentive engineering is hard even if you’re skilled.