Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

I made $50K in three days with NFTs

paulstamatiou.com

Post reply on HN
Print view View original

11–20 of 86 posts

Re: I made $50K in three days with NFTs

#11

Post by [deleted] »

dcolkitt wrote: post #9
gjsman-1000 wrote: post #3

I am calling it now: that blockchain royalty system on NFTs? It is only a matter of time before Hollywood makes NFTs interact with DRM. Your movie purchase will be an NFT with hardware-backed chain verification.

It would also allow the recreation of something like the original Netflix DVD service but purely digital. No more having to manage a half dozen plus streaming subscriptions. One company could go out and start building a comprehensive library of NFTs for every film and series. When you want to watch something you check out the NFT from the library. When you’re done you return it. For very hot items, there may be a wai…

[deleted]

Re: I made $50K in three days with NFTs

#12

Post by melomal »

tiborsaas wrote: post #7

Nice job an all of this, but the real story is about how to capitalize on 40k Twitter followers.

1000 true fans is a great article that is well worth reading. It really does go to show that building a community can be a worthwhile task, even if it does take time the long term benefits can be huge.

Re: I made $50K in three days with NFTs

#14

Post by TeMPOraL »

HPsquared wrote: post #4
gjsman-1000 wrote: post #3

I am calling it now: that blockchain royalty system on NFTs? It is only a matter of time before Hollywood makes NFTs interact with DRM. Your movie purchase will be an NFT with hardware-backed chain verification.

If the NFTs could be bought and sold, this would finally allow a decentralized secondary market for DRM media.

I... don't like where those ideas are going. At this point I long for pre-Internet days, where physical media (tapes, CDs, books) achieved the same goal while wasting much less resources than it takes to keep the blockchain that would support the NFTs.

I also think that anything that further solidifies IP enforcement is going to kill the future.

Consider that one of these days, we might progress enough to be able to build something approaching a replicator from Star Trek. The utopian society of the show is built on "too cheap to meter" energy that allows replicators to meet everyone's basic needs (and even fancy whims) for free. But even if we reach a similar level of scientific and technological advancement, we won't be able to realize the utopia part if designs for every replicable goods are owned by a small group of people/companies extracting rent, with technology and law preventing circumvention.

Re: I made $50K in three days with NFTs

#15

Post by Dwolb »

gjsman-1000 wrote: post #3

I am calling it now: that blockchain royalty system on NFTs? It is only a matter of time before Hollywood makes NFTs interact with DRM. Your movie purchase will be an NFT with hardware-backed chain verification.

Mila Kunis has an NFT project where only token holders can view the associated episodes of a cartoon and upon NFT resale, a percent of the proceeds gets remitted back to the project creators [1].

[1] https://www.vice.com/en/article/k78kay/mila-kunis-stoner-cat...

Re: I made $50K in three days with NFTs

#16

Post by bouncycastle »

gjsman-1000 wrote: post #3

I am calling it now: that blockchain royalty system on NFTs? It is only a matter of time before Hollywood makes NFTs interact with DRM. Your movie purchase will be an NFT with hardware-backed chain verification.

Why use a Blockchain? MySQL will work just fine.

Re: I made $50K in three days with NFTs

#17

Post by cm2187 »

gjsman-1000 wrote: post #3

I am calling it now: that blockchain royalty system on NFTs? It is only a matter of time before Hollywood makes NFTs interact with DRM. Your movie purchase will be an NFT with hardware-backed chain verification.

That will stop people from using bitorrent

Re: I made $50K in three days with NFTs

#18

Post by mpfundstein »

bouncycastle wrote: post #16
gjsman-1000 wrote: post #3

I am calling it now: that blockchain royalty system on NFTs? It is only a matter of time before Hollywood makes NFTs interact with DRM. Your movie purchase will be an NFT with hardware-backed chain verification.

Why use a Blockchain? MySQL will work just fine.

and who controls the database?

Re: I made $50K in three days with NFTs

#19

Post by CPLX »

Why do people keep acting like this phenomenon is confusing?

Like gee maybe people are really into mini Jpegs now. Or wow I guess if people really like spending buy-a-house money on a Twitter avatar this will be a thriving sector of the economy.

I mean people really like gambling.

Actually they fucking love it. Like they’ll build an entire city in the middle of an uninhabitable desert just to do it. They’ll give up their kids future for it. People making $7.25 an hour will spend hundreds of dollars a week on scratch off lottery tickets in order to participate in it.

An endless demand for new ways to gamble is the least fucking confusing cultural development to ever happen.

Put people in a prison and they’ll do it with cigarettes. Give a bunch of construction workers a lunch break and they’ll bet on which pigeon is gonna to take off first. Hand a group of people a round ball or a deck of cards and they’ll figure out how to do it.

Beanie babies, little ceramic figures, baseball cards, coins. The desire for people to speculate on synthetically created scarcity is boundless, spanning generations.

Speculation is common to every culture in every era of human history.

NFT’s are a gambling fad, an extension of the more general crypto gambling fad. People will do it until it’s banned, matures, or gets replaced by the next gambling craze.

Post reply on HN