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

Post by willchis » Tue, May 25, 2021, 7:22 PM UTC

delecti wrote: post #54

hoppyhoppy2 wrote: post #23

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…

An NFT is essentially a trading card for the thing that it's attached to. Just like you don't "own" Babe Ruth in any meaningful sense by owning a Babe Ruth trading card, you don't "own" the artwork associated with an NFT by owning the NFT itself. The exception is if there's some arrangement external to the NFT that links ownership of the NFT to ownership of the thing.

Post by endisneigh » Tue, May 25, 2021, 7:25 PM UTC

vaer-k wrote: post #55

endisneigh wrote: post #24

Earlier quoted context omitted.

This is not the equivalent situation. It's more like I decide to sell an NFT to your comment.

It totally disagree. I think it is quite equivalent. The difference is that we don't have a centralized authority to recognize valid NFTs, as we do for deeds. But if we did have a central authority, like perhaps the artist responsible for the work protected by the NFT, and if the artist made it clear and public that only the NFTs she recognizes could be considered valid proof of ownership of her works, then indeed an…

Post by matheusmoreira » Tue, May 25, 2021, 7:28 PM UTC

ALittleLight wrote: post #17

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…

Post by hilbertseries » Tue, May 25, 2021, 7:29 PM UTC

hackinthebochs wrote: post #28

The only explanation for NFTs that made sense to me is that people with an interest in the network (e.g. early investors) are bidding up some choice NFTs to make news and drive interest in their network. There is no actual market for NFTs at these prices, but that doesn't stop groups with deep pockets from pretending like there is by purchasing well known memes for eye popping amounts. If internet "celebrities" are a…

Post by itisit » Tue, May 25, 2021, 7:30 PM UTC

AlexandrB wrote: post #99

thinkingemote wrote: post #60

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

But they're not the copyright: > 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…