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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)

#101

Post by mam4 »

Tenoke wrote: post #91
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…

Can you explain to me why people buy movies or software they can get identical versions of on the other bay? Or why they go to a live concert with the band playing instead of a venue with an identical recording of it? Or why they buy a baseball card instead of printing it? The reasons aren't singular nor quite the same but if you can answer those it might be easier to figure out why simplifications like 'i can have t…

> people here buy movies

Where on netflix ? People pay for easy access to a wide range of stuff which are in HD (personally i use primewire but eh... not HD).

> Or software they can get identical versions of on the other bay.

Maybe because they are in a compagny which doesn't wanna be liable for lawsuit. Once again personally as a individual i don't pay for software.

> why they go to a live concert with the band playing instead of a venue with an identical recording of it

Precisely because the energy of a real concert is better. Actually there's a bunch of bands which are supper popular not because they have better songs but because they give better show.

None of these reasons are applicable to NFT.

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

#102

Post by skizm »

falcolas wrote: post #100
skizm wrote: post #83

Earlier quoted context omitted.

You can tell who minted it. So the "uniqueness" comes from the fact that the original artist minted the NFT and the timestamp tells you if this was the first and/or only one minted by this artist for this URL.

Until the artist needs money, and “mints” more NFTs for the same URL.

Timestamp shows which one came first.

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

#103

Post by jankins »

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…

What you’re describing is the scam, and that’s become the definition, but “NFTs” in general do have more potential than that, even if it’s crowded out by bullshit. NFTs make more sense where a token’s utility is implemented in the same system as its ownership. For example, a domain name is an NFT, and there’s an ethereum name service: https://docs.ens.domains/ - ownership of a domain allows you to configure the domain.

I’d wager most people purchasing art NFTs don’t really have a good understanding of what they’re buying. Some think the art lives on-chain, or that if the art lives on IPFS it is a blockchain-based permanent thing (it’s not, data only exists in IPFS as long as >0 people “pin” it, and artists engage in pin rings to pin each other’s art).

So I see potential value of NFTs in general, though I don’t think the value is necessarily good. You could make the argument that art NFTs are like a MVP to see how ownership of different kinds of things in a distributed system works. I’m very skeptical because it’s attempting to create artificial scarcity of digital media, and if they figure it out for real, I can see that going wrong in more ways than I can see it going right.

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

#104

Post by koonsolo »

Winsaucerer wrote: post #31
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…

Screenshotting the Mona Lisa or printing out a signed Mickey Mantle card is not a good analogy to copying an NFT. In the case of the NFT, the exact same bytes can be on my system as the 'owner' has. How can I get a Mona Lisa copy that has the exact same physical makeup? Or a duplicate signed Mickey Mantle with the same ink strokes? Digital assets can be easily duplicated identically. The only thing you're missing is…

You can see it as the "signature" of the creator. Everybody owns the photograph, but only 1 person owns the signed photograph.

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

#105

Post by Uehreka »

baseballMan wrote: post #50
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.

I'm not an NFT fan by any stretch of the imagination but you can buy a reproduction of the Mona Lisa or a fake Mickey Mantle card. https://www.amazon.com/DECORARTS-Leonardo-Davinci-Classic-Re... Obviously, the real mona lisa or the mickey mantle card has value because they were painted by famous artists, or signed by a famous baseball player... But at the end of the day they only have value because someone says they…

But the thing is, I get the historical significance of the Mona Lisa and Mickey Mantle. I don’t need an appraiser or something to know why they have value. The value proposition of these Bored Apes is a lot less clear, and acting like “we all just play the game in our everyday lives already” is kind of hiding the ball.

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

#106

Post by jordemort »

skizm wrote: post #83
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…

You can tell who minted it. So the "uniqueness" comes from the fact that the original artist minted the NFT and the timestamp tells you if this was the first and/or only one minted by this artist for this URL.

Is there any sort of in-band mechanism for verifying that the key that minted a particular NFT belongs to a specific person, or does that have to be done manually/off-chain? Is it the usual case that people purchasing NFTs or marketplaces selling them undertake that kind of due diligence before completing a transaction?

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

#107

Post by TrackerFF »

singularity2001 wrote: post #78

Ignorant question: Can downloading the torrent result in charges of 'digital theft' and given the 'value' of the file result in a felony?

Let's say you create some image, and claim ownership over it.

Would it be theft if someone views that image, and thus saves it? Like via the browser/cache, to the computer, or whatever.

I can see that it would be a copyright violation if someone actively hosts that exact picture. Shouldn't be much different from hosting copyrighted audio or video clips.

But then again, if you host that picture on some public website - just the mere fact that someone views it, would also mean that their computer probably has already stored it?

With that said, I do think that sharing copyrighted material, goes under digital theft. And in this case, someone has explicitly shared the media/data.

(I'd imagine that this varies from country to country. What is theft in one country, may not be the same in another.)

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

#108

Post by jensensbutton »

ahelwer wrote: post #81
jensensbutton wrote: post #68

Earlier quoted context omitted.

> storage, fakes, and transaction costs. NFTs solve all three NFTs solve none of these problems. The underlying asset is not stored on the blockchain and can be deleted at any time. Fakes are unaddressed since you can only validate you are the owner of a specific url and there's no guarantee that what you own is the original version (bytes are easy to copy). Any validation of authenticity must happen OFF of the block…

You can argue against this all you want but these arguments sound eerily similar to the "it's just a slow database" type arguments of yesteryear. Bubbles can eventually have value, weirdly - their irrational nature can sort of act as a forcing function taking us out of a local maxima, facilitating the creation of entirely new unforeseeable and previously-impossible things that actually have value of some sort. With c…

Not sure what you _thought_ I was saying, but I was only saying parent's statement about NFTs is wrong. This was not a statement about the impact of cryptocurrencies on society.

You seem defensive. Find a comment that requires the above defense.

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

#109

Post by Tenoke »

mam4 wrote: post #101
Tenoke wrote: post #91

Earlier quoted context omitted.

Can you explain to me why people buy movies or software they can get identical versions of on the other bay? Or why they go to a live concert with the band playing instead of a venue with an identical recording of it? Or why they buy a baseball card instead of printing it? The reasons aren't singular nor quite the same but if you can answer those it might be easier to figure out why simplifications like 'i can have t…

> people here buy movies Where on netflix ? People pay for easy access to a wide range of stuff which are in HD (personally i use primewire but eh... not HD). > Or software they can get identical versions of on the other bay. Maybe because they are in a compagny which doesn't wanna be liable for lawsuit. Once again personally as a individual i don't pay for software. > why they go to a live concert with the band play…

Everything that's on Netflix is on torrents and even pirate streaming sites since it's the easiest content to pirate.

Bands might have a different set live than studio versions but you can play that, and this counts 5 times more for DJs who also attract huge crowds. The extra energy and hype are more akin to the extra energy and hype and bragging rights you get from the NFT community when you have an actual NFT compared to lack of it when you just download the image.

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

#110

Post by conception »

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 great idea but what people are doing with them now is a scam.

I’m not sure if it will ever come to pass but imagine what the rumors for GameStop’s nft could be - a decentralized steam.

People can build whatever client they want and it uses the blockchain to determine if you own a particular digital game. Then when you want to see it you can just sell the nft. Obviously there are a lot of considerations to that but having a decentralized ownership of digital goods isn’t a terrible idea as compared to “renting” we do now for everything.

That said paying 30k for a jpeg seems also a scam but Twitter is going to use them for avatars or something so now, potentially, we’re talking about buy unique digital “gear” for your online persona. Sounds less dumb and more like unique skins in a game or something.

So yes most of it is a scam and tulip fever today but I could see the tech being used for interesting things.

Probably won’t be but it could be.

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