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April 18, 2013, 12:34:08 AM |
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So let's say I am an artist that only create digital goods: painting, photos, music, video installation, etc. My painting is an amazing ultra high resolution with great details. Some rich bitcoin millionaire wants to have it on his brand new 4K ultra thin screen on his yacht. The people on the deck are amazed. The painting was a success. The party is over. Then the bitcoin millionaire asks his butler to pick up his painting. the butler takes the mini USB3 drive with him and put it in a safe so he he can plug it back home.
The thing is someone can steal the USB drive. But thanks to the bitcoin protocol, everyone will know it would be a stolen painting because of its unique digital bitcoin signature on the network, not being updated to the new owner's "art wallet".
Metallica's brand new album about bitcoin is a hit. Why is Metallica so in love with bitcoin and not with Napster? Well thanks to the protocol, each album sale is a unique transaction between a unique client and a unique digital album...
Are those 2 scenarios possible with the bitcoin protocol?
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