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r/CryptoCurrencySee Post

I read through (and broke down) Ravencoin’s Whitepaper so you didn’t have to!

r/CryptoCurrencySee Post

CarVertical [cV] - successful company operating in 28 markets, 16M+ euro net profit. This month - big update for cV token.🏎️🏎️🏎️ Only - 6M MC

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r/CryptoCurrencySee Comment

It's still an NFT. The examples you gave are just owning digital art through a token. Tokens can be anything including proof of ownership over real world assets. You could prove car ownership by owning the token that holds your VIN#

Mentions:#VIN
r/CryptoCurrencySee Comment

NFTs will persist. NFTs of a rock or other junk won’t. I can see VIN numbers being on auto manufacturers blockchain and registration agencies checking them to see if the vehicle is stolen or VIN cloned, etc. I think NFTs will continue I think for artists to claim their fair share. If an artist is paid as a song is played then having a device or radio station computer check a blockchain can be a way to quick way to stop piracy.

Mentions:#VIN
r/BitcoinSee Comment

Because it is not 1% of wealth, it is 1% of a single asset type. Kinda like owning a 1 or 1 Toyota Camry with a specific VIN number. It is certainly unique but…

Mentions:#VIN
r/CryptoCurrencySee Comment

Mint an NFT of the car that is unique to its VIN. The client buys the NFT, and the car is free.

Mentions:#VIN
r/CryptoCurrencySee Comment

Wow. Thanks for the news. I have been holding LRC for a while, hoping that it’s potential will be realized with L2. This is a positive step…. But who has that many NFTs? It changes things for gaming and helps realize other use cases (VIN numbers on the blockchain for example).

Mentions:#LRC#VIN
r/BitcoinSee Comment

This is the way and the whole point of having a permanent indisputable ledger. You don't need an intermediary. Simply create a purchase and sale agreement that includes the VIN and the BTC address. Simple

Mentions:#VIN#BTC
r/CryptoCurrencySee Comment

It's a killer use-case, but it's really super hard in real life. Tokenizing is easy. The hard part is maintaining correspondence between the token and reality. I can sell you title to my car, on chain. But if I've parked it on a train crossing, it may not exist as a car for much longer. We often under-estimate the cost of all the supporting infrastructure that goes into e.g. the DMV just maintaining title. And it's not in the part that records who owns what VIN. It's in all the parts that keep the records in the database in line with what's happened in real life. There is also a lot of entrenched competition from substitution - e.g. the entire commodity markets effectively run on non-blockchain-tokenized assets. While putting these things on chain may be "better" in some way, it is not clear that the economic value of "better" is equal to the investment necessary to replace all of the existing infrastructure. Unless the cost of "better" is less than the value of "better", it's often worth sticking with "worse". This economic calculus is cruel, and stops a lot of technical innovation in its tracks. Just as an example, despite the vastly superior fraud protection of chip-and-pin technology (we're talking an order of magnitude lower than mag-stripe), it took a decade get it to even partially replace signature cards in retail, and even then it's incomplete.

Mentions:#VIN
r/CryptoCurrencySee Comment

Forking is totally fine in the IT industry. It sounds to me however that someone copy/pasted a file, made it work for PuppyNet but forgot to change the unique ID inside the file. An analogy would be copying the frame/chassis of a car, adjusting the shape, color, style and features but forgetting to change the VIN that is stamped into the frame. In any case, it seems poor form, an error in judgement and some due diligence was missed. The thing that really concerns me is the apparent lack of transparency surrounding all of this. Leadership needs to clear this up so we can collectively move forward.

Mentions:#VIN
r/CryptoCurrencySee Comment

You are the proof reading police too; your story checks out. I would like you to go back through this convo. I make a lighthearted joke and you make fun of me as a simp for Ben. You attack 2x as much I as I do. You went in this direction. I would like the formal record of the Reddit high court to show, Chorizo does not in fact want to have a dick measuring contest. He said he has the biggest dick but when pressed, shriveled up as expected. Murph agreed to the measurement. Chorizo only continues to bully while calling Murph poor and pathetic. Strangely, he would still not show the huge dick. So, its settled, the bro has a tiny dick and is in fact the fraud we thought all along. YOU TOLD ME YOU HAD ME BEAT, YOU SAID YOU WERE THE MAN! I RAN UP AGAINST THE BIGGER DICK. YOU DUMB FUCK! Now I am pitiful when I say let's find out? You are actually dumber than I could ever imagine. You gaslight people you stupid mofo. I said you think you are the smartest guy in the room, I think I might be one of them. You missed that point entirely. You are totally beat, you troll, keyboard hero. You don't have a masters, do you? I really went to Cornell undergrad and Columbia grad school. Your lame ass ran into some real pedigree for once. Sucks you are really thinking this through, shit, I got nothing, maybe I will stick with the pathetic narrative. I live in Fairfield County CT, you know that area? You want the VIN # to my Cayenne too? YOU WERE THE AGRESSOR and with a little push back folded like a chair. Classic bully, loser through and through. I am actually wearing my Columbia tie right now, want to see a picture of it? VERIFY DONT TRUST CHORZIO

r/BitcoinSee Comment

Wow did you really? That's crazy. I'm sure the thief's next stop was to the DMV so he could register a vehicle with a VIN marked as stolen into his own name. I bet he's still out there driving that car today! The reason everyone does this is because it doesn't matter. Holding the ownership on your person means that it won't be present if you ever lend your vehicle to anyone.

Mentions:#VIN
r/CryptoCurrencySee Comment

> …NFT is terrible for health records, the exact opposite of what is needed Why do you say that? [This article](https://www.scientificamerican.com/article/some-medical-ethicists-endorse-nfts-heres-why/) lists many good points. If you have the time, give it a read. > Car parts, land registry etc needs a centralised system, otherwise it is just pointless. I imagine car companies putting their VIN numbers on a blockchain (NFT). When the vehicle is sold, the NFT changes hands. If the car is stolen, it then couldn’t be registered to a new person, and the manufacturer’s NFT would not be in the persons name. It could also prevent fake VIN numbers from being created as the manufacturer would produce x NFTs for whatever year and model. Just as you register your vehicle now (assuming you drive), the government agency would have access to get identities against the manufacturer’s blockchain with the person trying to register the vehicle. You can’t plate a vehicle without the VIN, and if false plates are being created that’s a matter for police. Even license plates can be tied to an NFT. Just as my icon is a robot with a banana hat (I combined two NFTs), why can’t the VIN, owners plate, etc. be combined? A [very old report (from 1993)](https://www.ojp.gov/ncjrs/virtual-library/abstracts/crime-prevention-and-costs-auto-theft-economic-analysis-crime) pegged vehicle theft at $6B.

Mentions:#VIN
r/CryptoCurrencySee Comment

When an objects value is based entirely on speculation, there is a large bubble still to pop. It also plays into critics ‘greater fool’ argument. NFTs will shine when there is utility: - digital passport - car VIN numbers/car parts - perhaps digital health records

Mentions:#VIN
r/CryptoCurrencySee Comment

I can see NFTs being used for VIN numbers and high end car parts. The manufacturer puts the VIN on the blockchain and it moves owners as the vehicle is sold. I think it would make things a lot harder for [stealing vehicles to sell abroad](http://www.ibc.ca/nb/auto/theft/top-ten-stolen-cars), and reduce thefts of catalytic converters, etc. If the VIN is on the blockchain by the car maker, and it’s immutable that’s it’s on a valid blockchain, it would also prevent fake VIN numbers from being created (link supra). I can see government ID being an NFT. There are homeless people without ID, and without it there are circumstances where it can propagate homelessness. I can see social services establishing the ID of someone and have it on the blockchain. Why? It’s well documented that those facing homelessness lose or have ID stolen. There would be a digital copy that could be looked up with picture to help people turn their life around. - https://invisiblepeople.tv/how-losing-identification-can-lead-to-a-lifetime-of-homelessness/ - https://www.cbc.ca/news/canada/ottawa/identification-project-ottawa-homeless-1.3938102

Mentions:#VIN
r/CryptoCurrencySee Comment

I’m not at the stage in my life to be looking into homes… but do records exist for home repairs etc? I know we have carfax for VIN numbers.

Mentions:#VIN
r/CryptoCurrencySee Comment

I’m still not a big fan of current use cases. I think NFTs will shine when their utility comes out for current items (VIN numbers, etc.).

Mentions:#VIN
r/BitcoinSee Comment

I would wait a couple of years until they work out the kinks. I did the same thing with Tesla, waited until they got about 20,000 units of Model 3 shipped. My VIN starts with 22,000. There were a few issues, thankfully all covered by the warranty.

Mentions:#VIN
r/CryptoCurrencySee Comment

Alfa romeo tonale has an NFT inside to register it’s VIN number and history

Mentions:#VIN
r/CryptoCurrencySee Comment

Every Corvette already comes free with a non-fungible VIN #.

Mentions:#VIN
r/CryptoCurrencySee Comment

> The winning bidder would have also received a unique “Minted Green” Corvette Z06, which will be the only car painted in that color, and an option code RFN, which will “forever associate” the car with the NFT auction. And the Corvette’s VIN number will be in binary because NFTs are digital and computers use binary and you get it. That’s actually kind of cool. Also, looks like the proceeds were going to charity so kind of a bummer that they are auctioning in the current market conditions.

Mentions:#VIN
r/CryptoCurrencySee Comment

You wouldn't need to use cryptocurrency as a currency to create functionality like that. If my VIN in my car was tokenized, I could trade it with whomever, and only pay a very small transaction fee for interacting with the network which verifies the ownership of that VIN. A state agency could already be tracking the VIN token address, which they can tie to my personal information. If I wanted to still sell/buy the car with fiat, I can still do that, and then I can immediately transfer the title to you using cryptocurrency.

Mentions:#VIN
r/CryptoCurrencySee Comment

I think I understand what you are asking. TL;DR: No. There are no secrets on the blockchain. Sensitive data cannot be stored on chain, like street address, full name, etc., all that would have to be stored off chain in a secure fashion. Longer explanation: There are no secrets on distributed ledgers, a programmer can write code to extract values in any smart contract, so developers who need to stash sensitive data pair web 3.0 tech with existing traditional web tech to manage this kind of situation. What ends up getting stored on the blockchain are reference numbers and/or wallet addresses. The sensitive data gets stored in a database that is locked behind permissions wall(s). More specifically, the concept I was talking about was pairing a particular VIN with a wallet address, then when a patrolman is running a check, instead of their in-car system calling some web server that contains information on whether or not the registration is valid, it is calling the web servers that provide crypto-network service. It gets pretty technical, but the gist is to just substitute one data fetching method for another. The benefit for this is making it easier for people to pay their registration and other fees, and making it easy for that data to be verified. This is not some grand crypto scheme to usher in the sci-fi future, its just a slight optimization to a well-worn process that already exists and is a \*potential\* use case for blockchain tech.

Mentions:#VIN
r/CryptoCurrencySee Comment

Yeah, the way I envision this future state is kind of a two factor approach when recording transactions. Let's say I want to sell my car. My car would theoretically be registered against some NFT. Just like we do with VIN and car titles. I want to sell my car, so I list it on an app. When I go to list it the app asks for the VIN and the runs some look up magic, to find the corresponding NFT. An alert of some kind is sent to the wallet that owns the NFT saying the car associated with this NFT is being listed for sale. That alert would pop up on my phone and I would authenticate. When the sale happens the buyer will send some form of payment to the seller that is contingent on receiving the NFT. The NFT transfer from the seller is contingent on receiving payment. When both parties agree that they have completed the transaction the transaction locks into place. This would be kind of like an Escrow service. The seller puts the NFT in escrow and the buyer puts cash in escrow. When both agree to the funds are distributed accordingly. If one rejects the funds are returned to the respective owners. If the seller tries to keep the car after successful transaction the NFT would show ownership is now the buyers and the car is effectively stolen. This is how modern transactions work for the most part. But a well built digital exchange of titles does not exist. You have to register the transaction after it takes place currently. An NFT market place might allow for the registration of the transaction to happen real time. Additionally, having a house title and a car title are two totally separate entities. If NFTs become a sort of "universal title" (paging /r/squaredcircle), there might be an opportunity to have a single digital wallet for all your important assets. You could sell your car and tv and house all with the same transaction process. But obviously these are just thoughts. I do not know how practical any of this would actually be.

Mentions:#VIN
r/CryptoCurrencySee Comment

>Event ticketing, making counterfeiting tickets impossible, as when exactly each NFT was sold would be traceable in the blockchain, ensuring that only those that purchased it before a specific date could attend an event. NFT doesn't enable that. That's just a matter of comparing timestamps. We've been able to do that for as long as computers have been a thing. Tell me what NFTs enable for ticketing that I can't do with Excel. >Real estate and cars. This would help in avoiding all the red tape of taxation, as when you purchase an NFT, it would automatically pay it's taxes to the authorities, ensuring that buying real estate would be as easy as buying the JPEG of a monkey. When I last bought my car, the taxes weren't a difficulty, it was just a part of the fees. Dealing with the title was the trouble, because it was done incorrectly in the first place and needed correction. Most of the work was filling out details (VIN, mileage, personal info) and getting the original title corrected. >Going into debt to fund a business in a decentralized way that also avoids major institutions like banks, as some actions that banks would take a fee off can be handled by the smart contract. For example, you create a collection of 10.000 NFTs, each selling from a price of 100. You ensure by the smart contract that it will buy back these NFTs exactly 1 year later for 107 dollars, if it has the capital. All this means that you took a loan with 7 percent interest rate not from a bank, but from the average individual who might have risked only 100 dollars. I'm not sure why I would care who gets the interest off my loan. This also sounds like I need to convince 10000 strangers to credit me. Do I need to run a social media marketing campaign to buy a house? This sounds like a nightmare hellscape. Are you just talking about business loans for starting a company? If so I can thankfully ignore this; my talents run more to providing labor than managing a business. Another note though, is there a mechanism that can enforce you putting proceeds of your venture back into that contract? Otherwise, paying back your loan is entirely voluntary and that's not how loans work. Number 4 sounds reasonable, but I don't do stock trading, so you could tell me pretty much anything and make it sound good.

Mentions:#JPEG#VIN
r/CryptoCurrencySee Comment

Interacting with the Blockchain doesn't require a developer, the tools exist already. That's like saying you need a developer to spin up a new spreadsheet. To make an authentic record of anything like an Odometer reading, take a small video of the car including the VIN and odometer, then stamp out an NFT that includes a hash of the video and a URI for where to find it. Pay a small gas fee to put it on the Ethereum Blockchain and nobody can refute that on the date of that block, the odometer for VIN xxxx was yyyy. None of that requires a dev. Any rookie can do it, and it's an indelible artifact that can never be changed.

Mentions:#VIN
r/CryptoCurrencySee Comment

How would you go about selling your vehicle privately and accept crypto? Agree on price, transfer funds, sign papers? Or is there a way to create a custom smart contract that includes vehicle VIN and info etc?

Mentions:#VIN
r/BitcoinSee Comment

Yes, when the bank rep sits down to fill out paperwork for an auto loan, just make up a VIN number. Can't go tits up....

Mentions:#VIN
r/CryptoCurrencySee Comment

You're correct, NFTs are not a legal concept. But ownership is, so if we're talking about using NFTs to claim ownership of something... Well that ownership has to be recognized. I have the keys to my car and the car itself in my driveway, but the license plate, tags, and VIN are all registered with the government, and if I give that car to someone there's still a legal process involved in order to transfer. I don't see NFTs being any different here is they are to be used to capture ownership of real world assets.

Mentions:#VIN
r/CryptoCurrencySee Comment

I agree but just because we can’t comprehend a good efficient use case for it in this one application doesn’t mean A database or anything a single says admin can change will always be susceptible to corruption. I remember when they said the new car key fobs couldn’t be hacked and all they did was pay lower paid workers at dealers , give them a VIN and they made duplicate keys . Or all the sms hacks happening because of insiders doing sim swaps etc

Mentions:#VIN
r/CryptoCurrencySee Comment

Anyone with edit access to a database you describe can change/falsify records at will. With a blockchain you cannot rewrite prior blocks in the chain. That means any data in them is uneditable (for better or worse) and available to all. In this context it means once a car's mileage and timestamp, for example, are logged in a block with their VIN, anyone will have visibility to it and be able to detect a rollback beyond what's recorded in the chain.

Mentions:#VIN
r/CryptoCurrencySee Comment

TL/DR: >Connecting a car’s VIN with a publicly verifiable record of its maintenance and other details (like if it’s been in a crash or had its odometer reset) is something so blindingly obvious that I have to wonder why it hasn’t been done yet. > >If that’s what this Alfa Romeo NFT/blockchain feature ends up achieving, this could be a genuinely beneficial add-on for Alfa buyers.

Mentions:#VIN
r/CryptoCurrencySee Comment

Domain names are not ponzis, no. If you have some kind of NFT that stores information about a car's ownership or repair history (which is the function of a VIN), then that could be useful. This is not actually how NFTs are used in 99% of cases.

Mentions:#VIN
r/CryptoCurrencySee Comment

Great, and as OP said many companies already do this, in NA we have Carfax. Anytime a car is brought in to like a dealer, even independent shops, they must take down and record all info from the car that they can. You don’t need crypto, your 100% correct, as I said it’s already done. The issue is that is is a centralized approach, so now I want to get a carfax on a vehicle, I have to pay the company money to look that up. Now the approach in this model is also a centralized approach, since AR is the one doing this, but with decentralization of crypto, you could potentially have this a viable as a free public database available to lookup on any car with the VIN.

Mentions:#VIN
r/CryptoCurrencySee Comment

Eventually it could, but I think it would need to plug in police reports or do VIN checks too to ensure accident reporting.

Mentions:#VIN
r/CryptoCurrencySee Comment

Yeah, but in that case you go onto the AR website, pop in the VIN, and there's your vehicle maintenance record sitting in their database. Versus having to have the NFT transferred to your wallet, connecting your wallet to whatever blockchain AR is using, providing the NFT to access the record stored on the chain. I'm a crypto maxi in many senses, but to me this is classic "solution looking for a problem".

Mentions:#VIN
r/BitcoinSee Comment

I’d blur your plate. Mine got cloned from Autotrader, put a private plate on it. Old bill turn up yesterday to check the VIN on mine as the cloned plate got into trouble in Wales and was found burned out…. If I hadn’t put the private plate on I’d be in a world of pain right now.

Mentions:#VIN
r/CryptoCurrencySee Comment

>It wouldn't have to have your details. To confirm it's authentic all you need to know is that the NFT matches to the car (so a VIN, make, model, colour or similar) and the person selling the car controls the NFT. You don't need any details at all about the person selling the car and they don't need any details about you. So, some one steals your NFT and now you have no rights to the car and no way to claim it? Dose this mean that the person who stole the NFT can report the car stolen and get you arrested?

Mentions:#VIN
r/CryptoCurrencySee Comment

It wouldn't have to have your details. To confirm it's authentic all you need to know is that the NFT matches to the car (so a VIN, make, model, colour or similar) and the person selling the car controls the NFT. You don't need any details at all about the person selling the car and they don't need any details about you. > In the UK we have the DVLA for cars and, I mean, it works fine. They are still using *paper records* in the DVLA

Mentions:#VIN
r/CryptoCurrencySee Comment

They already use them just in analog form. Does your car have a title? Yup. That's basically an NFT. It proves you own it by using your account number (SSN), the vehicle VIN (NFT), and a data base(block chain.)

Mentions:#SSN#VIN
r/CryptoCurrencySee Comment

NFTs are the future of buying and selling Proof of academic achievements Medical records Tracking in pharmaceutics and food industry Second hand markets Automotive industry (bye bye VIN codes) . .

Mentions:#VIN
r/CryptoCurrencySee Comment

>Eventually a car VIN NFT might contain information about every register-able component of your car. So like... the car's manual?

Mentions:#VIN
r/CryptoCurrencySee Comment

Eventually a car VIN NFT might contain information about every register-able component of your car. Sick of recalling all of the cars for a faulty run of airbags? Look at the blockchain and see what air bags are in what car and registered digitally to what owner. Essentially anywhere they issue a ‘certificate’ of ownership or authenticity could be affected.

Mentions:#VIN
r/CryptoCurrencySee Comment

No. It's utterly pointless. There is no legal recognition of an NFT. At all. Anywhere. By anyone. Your car's ownership is protected through it's title/VIN. If you sell someone an NFT of 'your car' you're not selling anything, nor would transferring the NFT do anything regarding the vehicle. You'd still have to transfer the title with your governing authority - and end up spending a bunch of crypto cash for absolutely nothing.

Mentions:#VIN
r/CryptoCurrencySee Comment

> Sell your car by transferring it's corresponding NFT. The buyer will be able to see all the model/make information, what accidents it's been in, how many miles are on it, etc. The NFT owner cannot fudge those numbers or information. How is this different from a VIN?

Mentions:#VIN
r/CryptoCurrencySee Comment

NFTs should not be ‘art’ in and of themselves. NFTs should only be digital tokens certifying the authenticity of something. Like a barcode serial number on your stereo. Or the VIN on your car.

Mentions:#VIN
r/BitcoinSee Comment

That is so stupid, the car has a VIN. I dare you to scam me and pay me with fake cash or fake check. I will bring it to the DMV and the police and file a complaint for your arrest.

Mentions:#VIN
r/CryptoCurrencySee Comment

>But if BMW, Ford etc will put their car on a blockchain as an NFT that is a game changer. When the car is taken to service the data off the car can be uploaded to the blockchain via a NFT for that particular VIN. Service data can also be uploaded to the blockchain. So when I buy a car I can see the average RPM the motor is driven at... how often they are at 80% max RPM, if the oil change was completed This seems pretty unlikely to me. The automotive space moves at a snails pace. Given your example, how would this not be abused? The manufacturer would basically be able to force their customers to go to particular service shops in order to 'maintain their record', and basically eliminate 3rd party shops. Do you want your Ford to go through the John Deere fiasco? The automotive space/vehicle service space moves incredibly slow, and what you're suggesting would be a MASSIVE shakeup that just isn't going to happen.

Mentions:#VIN
r/CryptoCurrencySee Comment

Just building off this post. NFTs is way more then just art. This is just the beginning. I'll give an example of buying cars. When you buy a car you have to go by the word of the dealer or whoever is selling you the car. The person will always say, "runs great, no issues, reliable car." But if BMW, Ford etc will put their car on a blockchain as an NFT that is a game changer. When the car is taken to service the data off the car can be uploaded to the blockchain via a NFT for that particular VIN. Service data can also be uploaded to the blockchain. So when I buy a car I can see the average RPM the motor is driven at... how often they are at 80% max RPM, if the oil change was completed. NFTs for assets can bring transparencyamd trust to the market without needing a middle man. That will be the future of NFTs

Mentions:#VIN
r/CryptoCurrencySee Comment

I hear what you're saying. I've talked to a few people IRL who conflate the concept of "Tokens" with "NFTs". NFTs as they are discussed in the media at the moment are a novelty and the hype is like Beanie Babies or Tulips. The application for blockchain and tokens with real estate titles, DRM, certificates of authenticity, concert tickets, or other chain of custody applications are valid but aren't exactly "NFTs". Gary Vee has a strong opinion that NFTs will become the social proof of the digital era.... We'll see. But you can't drive a BMW or wear a Rolex on an internet forum. But BMW could issue an NFT for each VIN that you could somehow display....... that's an NFT. If you tokenized the VIN for auto records like CarFax that would just be a token like a bitcoin. "NFT" implies that there is no intrinsic value outside of the token itself. ​ Also, one of the key concepts here is the function of the token and the number of participants on the blockchain. Most of the NFTs today are on centralized chains which is kinda weird. A blockchain needs multiple participants or else it's just a ledger / database / spreadsheet. For example, if all real estate title companies and state agencies and land owners all participated in a real estate blockchain then everyone is watching everyone else. But if it's just one company that holds the NFT and they go out of business then your NFT ceases to exist. Or if they falsify the records there is no one else watching the chain being manipulated... so it's no stronger than if I had a spreadsheet that said John Smith is the rightful owner of this digital image and paid $537,000 for it.

Mentions:#DRM#VIN
r/CryptoCurrencySee Comment

Nah, you're absolutely right. But people have no imagination for what an NFT is capable of. Digital licensing of anything that needs to be licensed or serialized. Self explanatory, I think. Proof of ownership if it's tied to a physical item. Imagine artists using it to create a digital copy of an original work where the NFT is the provenance, ownership history and proof of ownership. It gets sold and the physical item transfered. Imagine that the smart contract allows a 1% fee to go back to the artist/creator on resale. This opens the door for a lot of things, from digital media and entertainment to physical collectibles. To NFT ownership documents like car titles, etc. If the VIN is an NFT, ownership. The manufacturer could sell on NFT and get a cut if resale if they put it in the smart contract. So many ways to use it to track, monetize and support sales and services. It'll be capitalism 2.0 some day.

Mentions:#VIN
r/CryptoCurrencySee Comment

You can trace the origin of the NFT. It can probably start at the manufacturer when they stamp the VIN. Can your NFT be traced back to the manufacturer or dealership?

Mentions:#VIN
r/CryptoCurrencySee Comment

These art pieces are testing the waters for eventual real life assets tied to blockchain through NFT. Imagine having a trustlessly verified history of a vehicle, its VIN, past owners, maintenance schedules, collisions, etc. The same could be done with real estate or guns, hell every single piece of non-fungible asset could be tokenized, if only just to have a documented history of that asset. What people don't realize s the technology driving blockchain, trustless verification and finalization will change the world completely. The technology is still 10 years early and still lots of development to be done! I am already making a watchlist and have added AXS, ATLAS, [UNQ](https://unique.network/)(yet to be listed), WILD, etc on my long term hodl!

r/CryptoCurrencySee Comment

SHIT! I used my cars VIN number

Mentions:#VIN
r/CryptoCurrencySee Comment

You can use the blockchain to prove ownership in a way that can't be tampered with. Would work like VIN numbers on cars, but the database is updated to blockchain.

Mentions:#VIN
r/CryptoCurrencySee Comment

Exactly, I came here to say this. It’s all about marketing. Charles from Cardano is absolutely great at marketing Cardano and himself. People are sheep and will follow large crowds. Arthur Breitman the creator of Tezos doesn’t really care about hyping up Tezos, he cares about it working as it’s intended to work, which it does. Just wait until you guys see Hollywood get into crypto and start using marketing to their advantage. The kanye West token with Kanye doing videos about it and backing it? Movie tokens even! “BUY 50 FAST AND THE FURIOUS 34 TOKENS AND RECEIVE AN EXCLUSIVE VIN DIESEL NFT!!!” You guys haven’t even seen how dumb it’s all about to get eventually, just watch.

r/CryptoCurrencySee Comment

I'll jump in here and hijack your comment since you want to know more about the tech, and /u/Omair981 is just getting replies about it being tied to art. Here goes, The **Non-Fungible Token** (NFT) is basically a Bitcoin or Ethereum token sitting on a blockchain, just like cryptocurrencies. Unlike Bitcoin or Ethereum though, where all the tokens are the same or are **fungible** (the first BTC mined is the same as the last BTC mined), each **non-fungible** token **has to be different from every other**. Then they are stored on a blockchain, and since almost all NFTs are ERC20, it's on Ethereum, with all the relevant mining (creation) or transaction (buy/sell) data just like normal cryptocurrencies. Now why is this powerful at all? Well why are blockchains useful in the first place? **They create de-centralized trustless ecosystems.** They can also help protect against some ransomware attacks but that's less useful for this explanation. Why is an non-fungible token useful in a blockchain? **It creates a confirmable and authenticated certificate that any and all participants of the blockchain can verify easily and trust is correct.** This is the **only one** on this blockchain and **this is the account** it belongs too. Also here is all the data since the creation of the record so you can confirm it yourself if you want. Anything that has to be unique and is transacted **could** have transactions sped up by being an NFT on a blockchain either public or private. - **Housing**: Your house is now an NFT (assigned a unique ID), it sits on a city blockchain that's hashed and the hash stored on the Ethereum blockchain nightly. All the realtors and local banks participate in the blockchain. When you buy a house in the area for the first time you're assigned an ETH account and the city stores your information for that account. When you sell that house, you're going to reduce the amount of paperwork 10x because now all the local realtors/banks/city can confirm everything about your identity and the house/property without talking to each other (which causes the largest delays in processing housing sales). They also don't need to dig around for past documents digital or otherwise, since they're all tied to the transactions in your account. They can also **trust** that anything you present them is valid since it's hash is stored publicly on the chain and they trust the chain hasn't been tampered with. - **Identity**: This one is fairly obvious, instead of using a S.I.N. number or otherwise we're all just given readable hashes. However I'm including this as a use case **that's not actually sped up by being an NFT, in fact it slows it down.** You almost always just confirm the identity of someone using their SIN with the government. Because it's just **a one party verifiable transaction** it gains nothing and in fact loses compared to just an encrypted database lookup. - **Vehicle Ownerships/Insurance**: This is basically like housing, there are multiple parties involved in transactions, all which require verification from each other. This would probably require a national database though where all car manufacturers register the creation of vehicles (they already do with VIN numbers), you have your national account, car company or dealership places car in your account, now you can sell it easily once it's in the system. Insurance could be tied in with mechanics once you get in an accident, insurance can activate the corresponding smart contract to pay out X amount automatically to their account, no bank in the middle reduces transaction costs/time. All because your car is a digital NFT tied to a digital account that any party can **trust** is correct and you can **verify.** Remember this is usually simple for individuals but a big pain in the ass for businesses sometimes, this helps speed that up X%. - **Any collectible ever**: If there's supposed to be just X amount of something, tracking it on an NFT is the most public and **trustless** way to do it. This is all the art. However people are often confusing **the non-fungible token** for the **item itself**. Once the hype dies down this is how it actually will work. When people buy an NFT of a painting they're buying the painting itself, either in digital or physical form. The NFT itself just rides along with the painting **as a certificate of authentication**. The NFT is a one-off remember? So you can make thousands of duplicates of the paintings physical or digital, but only of those NFTs exist, and it's in one persons/businesses account. If that NFT says you own the copyright or painting, and the NFT matches the blockchain it's stored on, then it's **verifiably** yours (unless someone killed you and took your wallet 🤷‍♂️, maybe DNA verification one day? *privacy intensifies*). So remember if you buy a digital painting NFT, you're going to get a digital JPEG and an account file for an ERC20 blockchain with your ERC20 token in it, unless you supplied them with an account ahead of time, then you'll get the token in your ERC20 account. That token will most likely be the hash of (the NFT account of the seller + the NFT account of the buyer + the hash of the digital item + the time+ and maybe the hash of current block in the chain). **An non-fungible token is NOT a work of art, it's a hash of the work of art that acts like a certificate of authenticity for the item.** This applies to digital MMORPG items and things like crypto-kitties as well. - **Any closed cycle supply chain**: In any supply chain that involves multiple vendors and items any business can benefit from closed cycle blockchains (meaning it's run by just the involved parties and closed to anyone else). This is pretty simple since nearly any item can be tracked as a non-fungible token (IBM currently tracks lettuce as NFTs on a blockchain) and blockchains are **trustless** and **immutable** (can not be changed), it provides an excellent foundation for dispute resolution between multiple parties, and of course tracking. This isn't a one size fits all situation here, some things are still better left as a single/shared encrypted and hashed database, there needs to be the requirement of a **trustless** environment. Two companies doing business with each other for decades aren't going to suddenly switch to a blockchain to track anything, but when the need is there among new parties the blockchain with NFTs is a good fit. This is actually the largest segment of usage but will be phased in over a decade or two, not pop-up suddenly one day. You'll buy TVs that are tagged as NFTs one day because from designer, to parts, to manufacturer, to retailer, to consumer it can be tracked through it's entire life cycle as an NFT. Anyway, I hope that gives everyone a little more insight into the **potential** for non-fungible tokens. They're most likely not going to change anyone's life, they're going to reduce the friction in transactions between parties because they speed up authentication and verification.

r/CryptoCurrencySee Comment

Also things like vehicle ownership. Registering the VIN to an owner via blockchain. Then you can transfer ownership at the point of sale much easier.

Mentions:#VIN
r/CryptoCurrencySee Comment

Oh shit, it's VIN DIESEL

Mentions:#VIN
r/CryptoCurrencySee Comment

I have some random VIN token in my Eth wallet from an airdrop in 2017. Its worth about 2c, wish I didn't have to look at it every time I open up Ledger Live tbh.

Mentions:#VIN
r/CryptoCurrencySee Comment

Wait until you’re in a VR video game and someone has a driveable NFT sports car, one of a kind, that they paid for. You could try to duplicate it, but that’s about as valuable as if you were to try to build your own Ferrari and tell people it’s a real one. NFT’s essentially have digital certificates of authenticity (or, like a VIN number on a car). Try all you want, but even making an exact replica doesn’t automatically assign you the same value as the original.

Mentions:#NFT#VIN
r/CryptoCurrencySee Comment

Tokens in general are the perfect method of proving ownership of digital or real world assets. For example, cars could become NFT's if the car manufacturer turn what is currently a VIN number into the token identification number for the specific NFT. That way, the person that holds that token, holds ownership over that car. There is 0 requirement for governmental paperwork as they could refer to the blockchain for the current owner.

Mentions:#NFT#VIN
r/CryptoCurrencySee Comment

I would name it VIN, after Vin from mistborn

Mentions:#VIN
r/CryptoCurrencySee Comment

As far as something as vehicles go, how would the vehicle itself be validated. Example two cars of the same model but one runs terribly whatever. Will the VIN be what’s on the NFT?

Mentions:#VIN#NFT
r/CryptoCurrencySee Comment

It’s almost like those people who call about your cars extended warranty, but need to know what kind of car you drive and what the VIN number is. I usually just say something along the lines of “didn’t you call me yesterday from Microsoft?” And they usually hand right up.

Mentions:#VIN
r/CryptoCurrencySee Comment

1. Getting a car loan is easier than you think Car loans are easier to get than you might think. If you think that getting the money to buy a car is going to be too difficult, you might be surprised to learn that you can get a loan in as little as 10 minutes. They don’t require any credit check or big payment. Instead, lenders require evidence of income that can provide big fiscal COVID benefits. This means that your income can be verified and provided in the form of a W2 form. Before jumping into evaluating your situation, make sure you are covered by financial help with your rent, credit cards, or student loans. Ok, cool. Now back to the information. Let’s dig a little into income verification and the requirements. In fact, this is one of the financial sections you should keep an eye on when shopping for a new car. You’re going to want to make sure that you are on the up-and-up before determining if a car loan is right for you. You can do that by: The good news about getting money to buy a car is that it is easy to qualify for a loan that will get you the new car at a low cost and with plenty of security. But if you are going in cold or with money that you are not really prepared to lose, this will make your time and effort a little more difficult than it needs to be. However, we can help! For a better chance at getting approved for a loan because you will be responsible for only the down payment, we will need to do some research on you and your financial situation. Before you go shopping for your next car with that financing requirement, there are some things that you absolutely need to check to make sure that you qualify. 2. Apply for a loan online to get the money you need quickly If you’re in need of a loan, you can apply for one online. This is a convenient alternative to going to a bank or credit union and it’s much faster because you can get your money in as little as 24 hours.Most lenders don’t require you to go to a branch, and you do have the option to pay in instalments. The good news is there are lots of different finance options out there. Here’s a breakdown of the main ones: Before you apply for a loan, you need to put yourself in a good position. You need to know what type of car you want, and you need to know your monthly payment, rate, and how much money your monthly payment will be. Automobile insurance is essential for car buying and offering a cheaper price is never a good idea when you’re getting into a used vehicle. You may get a quote from an insurance company that includes all of the option, but if you’re considering an affordable alternative to someone else’s car insurance, you will want to look into their deductible and how their insurance might differ from the others in your price range. Can’t afford renters insurance? That’s a problem that is also faced by those looking for a car from a private seller. The way private sellers like to sell their cars is by splitting them up into “rental pieces”. You may decide to take out some insurance for the car on the basis that you should have renters insurance. But if you don’t have any insurance for your car and someone else does, they could end up having major problems. Someone could come into your driveway in their car (or perhaps they’ll offer you some) and claim you were driving in an unsafe manner causing them to be at fault for any damages they incur. It’s always a good idea to make sure you have renters insurance. 3. Use your credit card to pay for the car while you wait to get your loan approved When you buy a car, you’re probably going to use your credit card to make the deposit and first month’s payment. Then you’ll get your loan from the bank. Now the car’s yours and you drive off in it (assuming all the bills are paid, of course). On the surface, that sounds easy. You could do that with any used car. You have all the same options in financing a car as you do with an asset. But there is one caveat: financing often means you have to pay interest. If you buy for example a used car for sale in UAE with $30K with cash coming out of your bank account, you might end up paying $20K in interest over 20 years. That’s a pretty hefty cost. So how much would you pay to finance that same car at today’s interest rates? In most cases, you can’t beat the dealer. That usually comes out to about a 53% discount. Now to find the cheapest car available today. To do that we must use data to make some educated guesses. To start, we factored in vehicle, model, and condition. That lets us identify the most competitive vehicles on the market. If you’re thinking about buying just a light-duty truck, though, you’ll find that data doesn’t work very well. Light-duty pickups usually have a VIN (vehicle identification number) that is unique to the vehicle they were originally built for. That means the VIN can be matched to a blank VIN record on a database, allowing you to be less specific about the car you want. We know from experience with used cars that calculating prices using all the available options can be significantly inaccurate. As a result we also looked at APR (annual percentage rate), or the interest payment you’ll pay on the loan. We took the D’Orleans feature, which estimates APR by using probably the best available data and then averaging different values. 4. Get more money from the dealer by paying with cash instead of financing your purchase If you’re buying a car, don’t finance it. If you go to a dealership with bad credit, they’ll happily tell you they can get you a loan. But the interest rates will be huge, and you’ll end up paying a lot more for that car than if you just pay with cash.From a financial perspective, the dealership is only going to get what is in front of them. They aren’t really providing you with leverage. Same goes for buying just about anything else. If you’re inside the lines and you have to choose between financing or buying that item, choose the financing. Most financing deals include multiple payments (probably one major payment), but only a small percentage is connected to your driving record. So they make a “good” deal more “good” with each successive payment. Buying a car is a good example. Refinancing is terrific at first because a very large percentage of your purchase price is tied up. You don’t have to worry about repaying a large sum in less than a few years. But after three, four, five payments, you’re looking at a total of 70% interest payments. Other money-making schemes bury you in debt for years. If you’re trying to get into an extreme area, you may be stuck in red and you won’t be able to get yourself out of it. But thankfully, there are several strategies you can do to walk out from behind that debt much quicker. The first tactic isn’t really a tactic; rather, it’s a concept. Regardless of whether you are borrowing or investing the money, eliminate redundancy. Do you always buy the same clothes or bags? In your credit card bill, do you always pay with a card number tied to a checking account or savings account? It doesn’t mean you need to buy the same products every day or volume is king. It’s just normal practice to develop some very, very basic “bundles.” When you think about packaging up your financial information, think about adding redundancy. 5. Negotiate the price of the car with the dealer before asking them for a loan Before you go into a dealership to buy a car, you should negotiate the price of the car with them before you ask them for a loan. The reason is that they’ll be able to give you a loan at the lowest possible interest rate if they know you’re already committed to buying the car. While you can always get the lowest price from a dealership, sometimes you’re not quite ready to spend that much. Instead of taking the car in for a financing report, you can try asking questions such as: While there are no guarantees that these will work, it’s a great way to find out if you can afford the cost of the car. You might come away with a much cheaper price than you bargained for, and still have your choice of a good, reliable car. If you’re on the fence about buying a new car, you might be concerned about how long you can expect it to take to pay off. But, many car dealerships will quote you the monthly payment amount right on the vehicle itself.

Mentions:#VIN#APR#D
r/CryptoCurrencySee Comment

This seems to be the future of NFTs. They basically allow you to own and track things that were previously unownable. Things like concert tickets, movies, music and yes even art (although the owning memes thing never made sense to me either) can now have an actual chain of ownership associated with them Going even further than digital media you can also attach NFTs to physical media. Instead of a VIN # on a vehicle you can have a scannable code that takes you to the ownership NFT of that vehicle and shows you all associated transactions including accidents, past purchases and sales and where the vehicle originated

Mentions:#VIN#NFT
r/CryptoCurrencySee Comment

Daaaamn girl! Btw on the door there is VIN number, now im gonna stalk you ! 🤡 Jk

Mentions:#VIN
r/CryptoCurrencySee Comment

Polygon. Kin. VIN. Oy.

Mentions:#VIN
r/CryptoCurrencySee Comment

So basically I earned some good $$ from doge and now I'm looking to invest those in other coins. I don't know much and I'm looking at you guys for some advice. Since you guys have a good experience, can you help me with some suggestions? Throw some names at me! Except the big names (BTC, ETH etc.) what looks good? I was thinking to start with VIN, TRX, VET and BTT. I might be wrong but yeah, I'll be researching on my own for the next few days and would then invest. Thanks in advance! 🚀

r/CryptoCurrencySee Comment

Right now we in the early phase of development of the entire ecosystem. Blockchain is layer 1. Yes you will have multiple blockchains and coins in the future. It’s utility is still being worked on. We see theoretical uses for it but the bridge between blockchain and lets an app on your phone is layer 2 or 3. We are working our way towards that. Similar to the internet. The apps you use are the application (layer 7 in the internet protocol). The response/input and what you see on your phone (application layer 7) has to be converted into 1s and 0s by the computer (that’s layer 1). Layer 1 sends 1s and 0s over the actual physical internet connection lines (cable or fios). Then on the other end the 1s and 0s are converted back to some other application for the user on the other end. So something in blockchain development, it’s in its early phase and they are defining protocols/rules for real world use cases. Layer 2 or 3 whatever will come next will be actual use or utility like software DMV may use to issue drivers licenses or house deeds (think NFTs). VeChain is developing blockchain for the logistics industry. Protocols on it will govern how manufacturers can track products from it being a raw material all the way to it being in the store or a showroom. Hopefully this level of transparency will help make supply chains more efficient, reduce counterfeiting, or help identify stolen goods. For example a car info (like a carfax report) can be on the blockchain by using the VIN. You can have entire history. Hard to resale it if it’s reported as stolen or was a flood vehicle. Another example is let’s say you want to know where you coffee came from. You can scan a blockchain address in the supermarket and know exactly how and fro which farm that package came from. So it has real world utility but we have a long way to go. Thus, hold your coins for as long as you can. We are just getting started. And in order to record transactions on the blockchain, the coin is used as a way to reward/pay for those doing the actual work. It does take computer and electricity to make the blockchain work. So they should be compensated for that. Anyone can part take in this decentralized way of running a blockchain. Thus no one company or gov can control or manipulate the data. Hence the transparency feature.

Mentions:#VIN
r/CryptoCurrencySee Comment

He’s just sneak disparaging crypto by associating it with nefarious activities, while ignoring that all financial instruments can be seen as having been created by bad actors, (the term “blood money” didn’t originally refer to. Crypto) and used for transactions we don’t personally agree with. This is becoming a common point of contention within the crypto space - “I’ve heard x is not environmentally friendly, therefore the entire project is invalidated” type logic. He may be right in the sense that with crypto we have a unique opportunity to know the entire transactional history of an “object” that we possess, and perhaps there is a market for a tool to audit a Bitcoin the way carfax can audit a VIN to know its entire transactional history along with any and all potential red flags. That said - who cares what someone before you did with it?

Mentions:#VIN
r/CryptoCurrencySee Comment

Well you cars VIN number is registered with your state, your crypto ain't.

Mentions:#VIN
r/CryptoCurrencySee Comment

They’ll be more in common than you think if the government can figure out a good way to tie VIN numbers to NFTs, it’ll make things way better.

Mentions:#VIN
r/CryptoCurrencySee Comment

Haha TBAR and VIN are also my sad ICO list ;)

Mentions:#VIN
r/BitcoinSee Comment

Can find the VIN and sales records. For a few bucks can probably find registered owner and address.

Mentions:#VIN
r/BitcoinSee Comment

But that's for just the down payment which has always gone to Tesla. It creates the order and opens a spot in their code waiting for VIN to be assigned. For your loan you have to still be approved for credit and that is US Bank.

Mentions:#VIN
r/CryptoCurrencySee Comment

And why can't it be certified by a central authority? Why does it NEED decentralization? It's no different than a VIN number on a car. We do just fine without having VIN numbers on a blockchain. The pseudo anonymous nature of the blockchain is certainly less private than a central authority keeping your ownership data private. Also what's to stop someone from copying the key on the physical item to make counterfeits? I'm still unconvinced that having an NFT offers any advantages at all, but they are expensive to make and maintain.

Mentions:#VIN#NFT
r/CryptoCurrencySee Comment

You're right, NFT's of tweets are kind of silly. But consider the title to your car. Right now, that title is a physical document, with your car's VIN on it, which is registered with the government. A genuine title is just a piece of paper, but because of the way it is endorsed and recorded it conveys legal ownership of a title. Checking a box and signing it is enough to transfer ownership in the car. Every step in that title document process could, in theory, be replaced by a system where the VIN of the car is included on an NFT, signed by the Government to denote registration, signed by the initial dealer to denote first sales, and signed by each subsequent owner to denote other transfers, in such a way that forgery is impossible. And as a plus, you could use your car's title as a wallet to store Moons, I guess.

Mentions:#NFT#VIN