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TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

thenftbay.org

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Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#51

Post by notkaiho »

dcolkitt wrote: post #38
cr1895 wrote: post #24

Earlier quoted context omitted.

> Yes, you can screenshot the Mona Lisa or print out a signed Mickey Mantle rookie card, but it's not the same thing is it? Obviously not, because those are tangible things. That’s not a valid comparison.

But you're not paying for the tangibility. Digital image replication is near perfect. You could have a tangible copy of the Mona Lisa that is physically indistinguishable from the real one. The reason people pay millions for artworks is because of the intangible provenance. If the value was the tangible, then tangible digital replications would sell for the same value as the original.

but a digital image is not tangible, i.e. something you can have displayed, in a physical frame, in meatspace.

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#52

Post by mythz »

dcolkitt wrote: post #38
cr1895 wrote: post #24

Earlier quoted context omitted.

> Yes, you can screenshot the Mona Lisa or print out a signed Mickey Mantle rookie card, but it's not the same thing is it? Obviously not, because those are tangible things. That’s not a valid comparison.

But you're not paying for the tangibility. Digital image replication is near perfect. You could have a tangible copy of the Mona Lisa that is physically indistinguishable from the real one. The reason people pay millions for artworks is because of the intangible provenance. If the value was the tangible, then tangible digital replications would sell for the same value as the original.

Which is running the same scam as buying a Star [1], except it's done on a blockchain selling to greater fools who are being promised of untold riches that will come their way from buying a row in a database containing a link to a CDN

[1] https://twitter.com/smdiehl/status/1445795674696597506

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#53

Post by fooyc »

theshadowknows wrote: post #11

I used to come onto HN and see crypto-coin news and I'd jump into the comments and ask something along the lines of "But isn't bitcoin and all the other things like it just a giant scam?" and someone who believed in Bitcoin to be a transformative technology would jump in and explain the real potential. I personally still think it's sort of a scam, but I'm happy for all of the people who used it to get rich....so, alo…

NFTs are a scam, but saying that it's because you can download them without paying is missing the point. You could say the same thing about movies, music, games, art.

People in the cryptocurrency community believe that NFTs are used for money laundering. It's also believed that prices are inflated artificially to trick gullible or greedy people into buying them. But the download thing ? It's missing the point.

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#54

Post by theshadowknows »

PragmaticPulp wrote: post #30
chrisco255 wrote: post #15

Earlier quoted context omitted.

Yes, you can screenshot the Mona Lisa or print out a signed Mickey Mantle rookie card, but it's not the same thing is it? The verifiable timestamp and record of account associated with a wallet address (public key) that is known to be associated with the artist that produced the work is the same as establishing physical provenance for a unique item. And as for value goes, NFTs are far more liquid than physical art wo…

> The verifiable timestamp and record of account associated with a wallet address (public key) that is known to be associated with the artist that produced the work is the same as establishing physical provenance for a unique item. Not really. In your Mona Lisa example, an NFT would be more like a blockchain based ticket to the Louvre that has a link to a Mona Lisa JPEG. That’s the mismatch in NFT discussions: The be…

That makes a lot of sense, and thanks for the detailed answers. The age old "this isn't for you" is applicable here...I don't see the value personally, but I understand the motivation behind it..sort of like how I don't mind streaming music vs "owning" a digital copy of it as .mp3 or whatever.

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#55

Post by jordemort »

If an NFT just contains a URL, is there anything stopping me from minting a bunch of new NFTs that contain the same URLs as existing NFTs? Is there some sort of uniqueness constraint on the URLs or is it just taken on faith that nobody would ever do that? What if I added some nonsense (like, I dunno, an fbclid) to the URL query string? What if I minted duplicates of all the NFTs on the Ethereum chain on the Solana chain, or vice-versa?

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#56

Post by KZerda »

micromacrofoot wrote: post #3

yeah but only I have the certificate of authenticity

You have a url that purports to be a certificate of authenticity. What happens to that certificate of authenticity when the site goes down, or gets sold to someone who decides to replace all the images there with poop emojis?

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#58

Post by fooyc »

jordemort wrote: post #55

If an NFT just contains a URL, is there anything stopping me from minting a bunch of new NFTs that contain the same URLs as existing NFTs? Is there some sort of uniqueness constraint on the URLs or is it just taken on faith that nobody would ever do that? What if I added some nonsense (like, I dunno, an fbclid) to the URL query string? What if I minted duplicates of all the NFTs on the Ethereum chain on the Solana ch…

What is stopping you from selling a movie you've just downloaded ? The movie industry is a scam !

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#59

Post by ekabod »

fooyc wrote: post #58
jordemort wrote: post #55

If an NFT just contains a URL, is there anything stopping me from minting a bunch of new NFTs that contain the same URLs as existing NFTs? Is there some sort of uniqueness constraint on the URLs or is it just taken on faith that nobody would ever do that? What if I added some nonsense (like, I dunno, an fbclid) to the URL query string? What if I minted duplicates of all the NFTs on the Ethereum chain on the Solana ch…

What is stopping you from selling a movie you've just downloaded ? The movie industry is a scam !

it would be selling a link to the location of a movie file.

Re: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

#60

Post by jordemort »

fooyc wrote: post #58
jordemort wrote: post #55

If an NFT just contains a URL, is there anything stopping me from minting a bunch of new NFTs that contain the same URLs as existing NFTs? Is there some sort of uniqueness constraint on the URLs or is it just taken on faith that nobody would ever do that? What if I added some nonsense (like, I dunno, an fbclid) to the URL query string? What if I minted duplicates of all the NFTs on the Ethereum chain on the Solana ch…

What is stopping you from selling a movie you've just downloaded ? The movie industry is a scam !

Nobody is trying to tell me that buying a movie is an investment vehicle, though.
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