Decentalization and Immutability
June 1, 2020
Really interesting action by Dapper Labs today:
Hey @dapperlabs
— DavidHoffman.eth/acc🦇🔊 (@TrustlessState) January 13, 2022
If you can ban a user on @nbatopshot for a 'FreeHongKong' user name & freeze their assets, you don't deserve to call yourself a blockchain.
The name "NFT" requires strong property rights
Your NFTs are fraudulent. GTFO out of here. https://t.co/m050iWIHyg
Without getting into the details of why Dapper did what they did, our assumption is that NFTs are immutable. You buy an NFT and no one can take it away from you.
It turns out the old bitcoin mantra “not your keys, not your coin” is just as relevant with NFTs. Platforms will be pressured to allow users to take their assets off platform and on-chain.