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NFT projects are just MLMs for tech elites

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Re: NFT projects are just MLMs for tech elites

#241

Post by Tenoke »

Godel_unicode wrote: post #238
Tenoke wrote: post #229

Earlier quoted context omitted.

I can see exactly how much I'm being charged when making a tx and I can ask them for a refund the way I would if they overcharge my card..

And when they decide that you were charged correctly and tell you to pound sand? Or when you can't contact them because they closed your account but are still charging you? Sometimes, businesses aren't nice or reasonable. I'm now genuinely curious, have you never heard of a credit card chargeback? What about a stop payment order for a check?

>And when they decide that you were charged correctly and tell you to pound sand? Or when you can't contact them because they closed your account but are still charging you?

Same as when they won't refund my card I take the loss.

>I'm now genuinely curious, have you never heard of a credit card chargeback?

Last 2 times I tried it (debit card refund) it didn't work and I got no money back. The majority of cases it's the business that issues my refund.

At any rate there's nothing stopping you from having a refund functionality or escrow built into a dapp if that's what users want.

Re: NFT projects are just MLMs for tech elites

#242

Post by t_akosuke »

Ok, let's see if I'm following the discussion right. let's say you buy an NFT for using a GIF of the Techno Viking, from the Viking himself, and Reddit verifies it. Now you are the only person on Reddit that can have a Techno Viking GIF signature, yippee! Except I can make a new NFT of the same GIF and nothing in the NFT itself betrays that it wasn't issued by the real Techno Viking, so it's up to him, Reddit and you to call me out and reach for old school copyright laws to stop me from using it. Which is no different than me uploading a Techno Viking video to YouTube and getting sued by him or flagged by YouTube, is it?

Re: NFT projects are just MLMs for tech elites

#243

Post by seqizz »

omarfarooq wrote: post #166
ALittleLight wrote: post #137

Earlier quoted context omitted.

How? Your Twitter profile picture is an image. What stops me from saving your profile and setting mine to the same thing? Are you suggesting Twitter validates that a Twitter account owns an NFT and shows a check/badge/whatever? I also don't think that works. Whatever rare NFT you have I can go make a visually identical NFT for and confirm that I own that NFT. I often think that I must be missing something about NFTs…

> Whatever rare NFT you have I can go make a visually identical NFT for and confirm that I own that NFT. Yes but your NFT would be deployed on a copycat (ie. replica, inauthentic) smart contract.

Would this matter? Would still have "legit" logo like the authentic one.

Re: NFT projects are just MLMs for tech elites

#244

Post by omarfarooq »

seqizz wrote: post #243
omarfarooq wrote: post #166

Earlier quoted context omitted.

> Whatever rare NFT you have I can go make a visually identical NFT for and confirm that I own that NFT. Yes but your NFT would be deployed on a copycat (ie. replica, inauthentic) smart contract.

Would this matter? Would still have "legit" logo like the authentic one.

It wouldn't matter if you're intention is to fool the gullible or uninformed.

Re: NFT projects are just MLMs for tech elites

#245

Post by enneff »

Tenoke wrote: post #234
darthvoldemort wrote: post #167

Earlier quoted context omitted.

Because I can look at the baseball card. I can display the card as well. If you want to print out an NFT display that, go ahead but it's pretty meaningless.

A Babe Ruth card is pretty meaningless, too. It's hardly great to look at but you can derive pleasure from knowing you own it for some reason.

They’re valuable to collectors as there is a finite supply of them. There is literally an infinite supply of NFTs, and the works they are a pointer to can be cloned digitally. There is no comparison.

Re: NFT projects are just MLMs for tech elites

#246

Post by [deleted] »

NicoJuicy wrote: post #212
omarfarooq wrote: post #190

Earlier quoted context omitted.

> any of the useful functions of NFTs have long been possible and many orders of magnitude less expensive using public key cryptography or digital signatures. A major useful function being the ability to buy and sell with purely digital money, was that possible before?

What's "major" useful for doing it with pure digital money?

[deleted]

Re: NFT projects are just MLMs for tech elites

#247

Post by golemotron »

root_axis wrote: post #170

All of this gushing hype for the future of artistry is transparently performative. Nobody in this tech cares about art or artists, any of the useful functions of NFTs have long been possible and many orders of magnitude less expensive using public key cryptography or digital signatures.

If you think this is about tech, I have bad news for you about art dealers.

Re: NFT projects are just MLMs for tech elites

#248

Post by TedDoesntTalk »

Godel_unicode wrote: post #216
X6S1x6Okd1st wrote: post #205

Earlier quoted context omitted.

If the community cares they'll try and find out people that do that and blacklist them. hicetnunc does that, it's the only one I could speak to. That's generally referred to as copy-minting. EDIT: here's the hicetnunc community write up for basic steps to minimize the change you buy a copy-mint: https://github.com/hicetnunc2000/hicetnunc/wiki/Beware-copym... !

This is a lot of words to say "there is by design no way to do that". DeFi systems are all designed around the unspoken (although sometimes spoken, honestly) assumption that rules are bad and that the system should make enforcing them difficult-to-impossible. A fun exercise is to consider, if all businesses went to using *coin overnight and one accidentally overcharged your wallet, how would you get your coins back?

> and one accidentally overcharged your wallet, how would you get your coins back?

Wallets are not “charged” like credit cards. I fail to see how this is possible.

Re: NFT projects are just MLMs for tech elites

#249

Post by Doxin »

t_akosuke wrote: post #242

Ok, let's see if I'm following the discussion right. let's say you buy an NFT for using a GIF of the Techno Viking, from the Viking himself, and Reddit verifies it. Now you are the only person on Reddit that can have a Techno Viking GIF signature, yippee! Except I can make a new NFT of the same GIF and nothing in the NFT itself betrays that it wasn't issued by the real Techno Viking, so it's up to him, Reddit and you…

You're both correct and underestimating how broken NFTs are. If you buy an NFT that gives you nothing except bragging rights that you "own" this NFT. What ownership actually means when devoid of the associated rights is anyones guess. Buying an NFT of a GIF doesn't stop anyone from using that GIF on reddit. No one is going around checking if posted GIFs have a matching NFT out there and enforcing property rights based on that.

When you buy an NFT you're not even buying the GIF, you're buying the receipt proving you bought the GIF. What good that is without owning the GIF isn't exactly obvious to me.

Re: NFT projects are just MLMs for tech elites

#250

Post by renewiltord »

t_akosuke wrote: post #242

Ok, let's see if I'm following the discussion right. let's say you buy an NFT for using a GIF of the Techno Viking, from the Viking himself, and Reddit verifies it. Now you are the only person on Reddit that can have a Techno Viking GIF signature, yippee! Except I can make a new NFT of the same GIF and nothing in the NFT itself betrays that it wasn't issued by the real Techno Viking, so it's up to him, Reddit and you…

Your NFT’s trade provenance will reveal it was never owned by Technoviking’s key. He won’t need to use copyright law, you simply can’t impersonate him so no one will value your duplicate NFT.
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