91–100 of 270 posts
What would happen if I put up a NFT for sale of something I had no part in making?
What would happen if you tried to sell imitation autographs, labeled as such? Im guessing there would be no market, unless you yourself were famous.
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…
There are a lot of interesting technologies being worked on in moving real world data on chain as well. I'd highly suggest you look into chainlink. They cover all sides of the vulnerabilities associated with getting accurate data when you could be trusting a potentially malicious data provider.
I wish hn would cover some of these more often
Are there laws to prevent owners of culturally significant artworks, e.g. van Gogh and da Vinci paitnings, from being destroyed, and from being shipped to countries that do not have regulations against them being destroyed? It seems the free market is moving in the direction of valuing destruction of art more than the art itself. In the absence of regulations, it would be a matter of time until some investor buys up…
And by doing that, you will also piss off pretty much everyone on the planet, and no one will want that (digital) NFT. In fact, I wouldn't want to take that shameful NFT even if you paid me for it.
I would describe myself, usually, as not a jealous man. I don't recollect the last time I've felt jealousy. But, something about NFTs provokes anger within me. Maybe that anger is jealously. It feels like NFTs are a mockery of the "market" for lack of a better word. When I think of what I would need to sell (items or time doing labor) to get these amounts and how incredibly useless NFTs actually are... It's frustrati…
About inherited wealth: once you grok the ideological arguments for heavily taxing inheritances, and then also realize that above a certain threshold people can just spend a minute fraction of that wealth to ensure that those rules don't apply to them and their offspring, you might feel the same way depending on your idealogical outlook. The idea that taxation is unfair or even theft is very pervasive in society though, and it is such a sucesful memetic device that people who stand to lose the most by it are often staunch supporters of tax evasion. The idea being that just as with the lottery, one day they too might hit it big time, and then they too would benefit! Statistically, this is unlikely to the point of being negligible, but it is easier on the mind than understanding the situation for what it really is.
My main basic questions remain after reading about these NFT sales. Why can't someone just buy all rights to this video the same way a company can buy the rights to a film? What does the blockchain do that a couple lawyers and some paperwork couldn't? Why a blockchain-based digital "certificate" instead of just a certificate? Does my birth certificate or marriage certificate or college diploma need an upgrade to an N…
I seriously doubt that the high-end NFT economy is sustainable in the long term. The people who are buying these are just burning money.
I don't get it. I just don't understand. One, why did anyone want to buy this meaningless video? Two, why did it need to be done via NFT, and finally why for such a large sum of money? Is this a form of money laundering? I am so confused, no part of this makes any sense to me at all.
Is NFT an eternal copyright now? An NFT is basically a deed of ownership, like buying up property. Such products will never see the public domain, as they are owned forever. I wonder if the major publishing companies are eyeing these up
> An NFT is a bit like a collectible certificate of authenticity, but 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.
What you "own" when you buy an NFT is bragging rights about owning the NFT.
Edit: It's like if you bought the gold masters for Abbey Road. You don't own the copyrights, just a one-of-a-kind representation of that album that you can tell your golf buddies about.
I would describe myself, usually, as not a jealous man. I don't recollect the last time I've felt jealousy. But, something about NFTs provokes anger within me. Maybe that anger is jealously. It feels like NFTs are a mockery of the "market" for lack of a better word. When I think of what I would need to sell (items or time doing labor) to get these amounts and how incredibly useless NFTs actually are... It's frustrati…
I am more bewildered as I try to figure out where the value is coming from. An NFT as far as I can tell is just saying 'yes I own this thing'. But the original creator still owns everything really relevant about that thing anyway. What are they buying? Are there any relevant resources out there that lay out where the value is derived?
IE... somebody could sell the object and keep the NFT, or vice versa. There's no legal concept tying the NFT to ownership of the object, except perhaps indirectly via contract.