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Charlie Bit My Finger video to be taken off YouTube after selling for £500k

bbc.com

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Re: Charlie Bit My Finger video to be taken off YouTube after selling for £500k

#31

Post by dr-smooth »

recursive wrote: post #13
flowerlad wrote: post #2

NFTs may be a way for open source developers to make some money off of their work. Linus Torvalds could make a few hundred millions by selling an NFT for Linux, considering a JPG file sold for $69 million [1]. [1] https://www.nytimes.com/2021/03/11/arts/design/nft-auction-c...

What is an "NFT for linux"? Maybe selling a banana taped to a wall could be a way for people to make money, considering one of those sold for ${OUTRAGE}. Is Linus running out of money or something?

what is an "NFT for anything" other than an arbitrary association between a number and some sort of artifact, presumably declared by the creator of said artifact. It's so bizarre to me that people will pay so much for these things.

Re: Charlie Bit My Finger video to be taken off YouTube after selling for £500k

#32

Post by banana_giraffe »

jrochkind1 wrote: post #12

When someone bought this NFT (or in general), did someone sign a contract with you saying they transferred ownership in the intellectual property the NFT "represented"? (Ie, was at the other end of the URL, I guess?) Cause the NFT itself means nothing to courts or laws, does it? If someone owns the copyright in that video, they can send YouTube takedown notices. But what, if anything, makes NFT proof of ownership of…

> Cause the NFT itself means nothing to courts or laws, does it?

We won't know till it's tried in court, but given that handshake agreements can carry weight in court if they can be proven, I'd suspect an NFT could be binding.

Re: Charlie Bit My Finger video to be taken off YouTube after selling for £500k

#33

Post by Tabular-Iceberg »

vaer-k wrote: post #20
Tabular-Iceberg wrote: post #10

What would happen if I put up a NFT for sale of something I had no part in making?

What would happen if you sold to someone the deed to a house you do not own?

That would be fraudulent, but that's not what I'm suggesting.

I suppose I could sell a token for Hacker News, I just couldn't claim that the holder of the token gets any kind of special privilege here.

Re: Charlie Bit My Finger video to be taken off YouTube after selling for £500k

#35

Post by ddalex »

librish wrote: post #9

I don't have any problems with people buying or selling art for large sums of money, nor do I have a problem with people classifying art as pretty much whatever they want. The only thing I mind are the people pretending a real problem has been solved with NFTs. In any current (or conceived as far as I know) implementation of NFTs you have to trust so many people, technologies, and companies that the blockchain being…

> If I have to trust an oracle or similar why even bother with a blockchain in the first place?

Well how else do you generate hype with an aura of breaking edge tech to impress the clueless and give credibility to your scam?

Re: Charlie Bit My Finger video to be taken off YouTube after selling for £500k

#36

Post by whack »

> Sunday's spending spree means the mysterious anonymous bidder will become the owner of the Charlie Bit My Finger clip.

> its owner does not actually buy the copyright itself - meaning the artwork the NFT represents can still be shown wherever the original artist or creator chooses.

Genuinely curious. What does it mean to own a widely shared digital content, if you don't have the copyright to it? What's stopping the copyright-owner from continuing to license the copyright to others, or even enforcing their copyright against you in future? From a legal perspective, how would the NFT owner even enforce their ownership against anyone else?

Re: Charlie Bit My Finger video to be taken off YouTube after selling for £500k

#39

Post by matkoniecz »

Tabular-Iceberg wrote: post #10

What would happen if I put up a NFT for sale of something I had no part in making?

I seriously considered doing this (while clearly mentioning it!).

Not sure whether NFT situation got dumb enough for this to work.

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