Can somebody explain why this is better using ETH vs the same idea but with SQL and USD?https://twitter.com/WilliamShatner/status/1126698809566744577 …
This of course relies on the Eth key becoming viewed as legit, important, and something that people insist on being present in a transaction. Also very implementation-reliant in that sense. I think that's the value of having the top-down sign-off of the people making collectibles
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You could recreate this system centrally with SQL and USD but it'd involve a lot of back and forth with a central authority e.g. "I want to buy this, let me check the website to see if the current owner is assigned correctly, let me submit a request for the transfer of ownership"
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etc. so it'd probably become prohibitively expensive to maintain that central authority except for the most high value objects.
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I finally decided to do something myself. Join me!
Bill 