only pointing that - any NFT (physical / digital) only have value so long is recognized by law within certain jurisdiction or else it can be worthless token
Discussion
#Bitcoin:
Scarcity based upon network and economic incentives that everyone follows because of free will.
#ordinals:
Scarcity based upon the content directly uploaded upon the blockchain which clutters the blockchain.
#NFT:
"Scarcity" based upon storing a link on the blockchain to a provider. There is no scarcity. The only way this could practically work is when people are forced to play along with it.
#fiat:
No scarcity, they can manipulate it, take it away, you are forced to use it. Oh and $X trillion of debt.
Use your mind.
I just want to clarify not all ntfs are just links.
Some are actually stored all on chain.
And then there is the actual properties and network and economic effects of the chain that slip in the conversation.
What is the difference between an inscription & an ntf?
With an inscription, you use the native "objects" (transactions) to create digital arbitrary data that can be any file, as long as it doesn't break the consensus rules.
An inscription is thus generally a file that consists of Bitcoin native onchain data, organized and linked together in such a way that others can see what this should represents.
Why should the government be a prerequisite for something to “have value”?