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This is not the first time "service by airdropped NFT" has been allowed. However, unlike previous situations, which (to my understanding) were all through metamask and on account based blockchains, this is the first time someone has suggested sending service to a bitcoin UTXO by an NFT (which presumably is a rune, inscription, or maybe an OP_RETURN?). How this is supposed to actually work is a mystery, with the opinion eliding over any substantive detail.
Here, Plaintiff similarly used a “blockchain investigation” company to identify the digital wallets to which Plaintiff’s counsel would send the NFT. Meyers Decl. ¶ 8 and Ex. D. Plaintiff’s forensics expert, Coinfirm, identified the external accounts to which the Doe Defendants transferred Plaintiff’s BTC. See id., Ex. D at 14. As in CipherBlade, LLC, the Court finds that service on the external accounts is reasonably likely to apprise the Doe Defendants of this action.
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Service by NFT here would protect the Doe Defendants’ due process rights because there is a strong likelihood that the Doe Defendants have access to the identified external accounts to which Plaintiff’s BTC was transferred. Plaintiff’s only interaction with the Doe Defendants was through his Coinbase wallet. The Doe Defendants’ transferring of Plaintiff’s BTC was the “sole conduit[] of the purported harm.”
True insanity.
Also, for reference, this is the addressed referenced in the case.
10 sats \ 0 replies \ @k00b 5h
If I'm looking at the future, I'm not sure that I like it. I'm kind of curious if any of the other service-by-nft resulted in anything.
It's also surprising that the plaintiff thought to use this method having kept his coins on an exchange.
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IANAL but some spam junk encoded would not satisfy the requirement of delivery of process. It also does not bind to any address, so it has no meaning. As soon as the “owner” address destroys the UTXO, address is meaningless and binds to nothing, the key is “lost”. You can’t query it without scammy third party hallucination websites. Ordinals don’t exist.
Forgive me some shitcoinery for a minute, but I want to contrast how absurdly stupid and scammy the ordinal idea, let alone process and expect a legal binding.
A much stronger case can be made for an ERC20 style NFT to a publicly known EVM address, in that it could bind to a person, and active transactions from that address demonstrate active private key knowledge in the accounting model. Contract calls can be made without any special tools and would return a url, possibly ipfs url. All without special on proprietary tools.
Which is also bullshit, but this ordinal delivery of process is double bullshit and would not satisfy anything anywhere. Utter nonsense.
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