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Their solution is reasonably good at tracking the provenance of a sale. If I sign with my private key saying I've sold this certified artwork to your public key - that's pretty robust. But, of course, there's no way to verify that I've actually given you the original artwork!
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And, naturally, they're the only people who can offer this service. It isn't decentralised. What happens when they go bust? When they certify a forged work of art? When their site is hacked and our keys are stolen? Basically, why blockchain?
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So we're in this ridiculous situation where an art certifier has permanently and irrevocably told the world that I painted the Mona Lisa. (Spoiler alert: I didn't. I'm really Banksy.)
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WOW this is so good, the best blockchain article I read in a long time!!! Thanks for debunking those bullshit "blockchain for X" projects in such a humorous and cool way. I had the same thought but couldn't express it as eloquently as you did.
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busy that day, got to go to the Vatican & fix some mistakes on the Chapel ceiling. Bloody cowboys they had in there!
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