171–180 of 257 posts
Ignorant question: Can downloading the torrent result in charges of 'digital theft' and given the 'value' of the file result in a felony?
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…
There's no such constraint, it would be futile even if there was, you can just copy the image to a different web server and get a different URL. What's going to be interesting to watch is when one of the heavily CDN's used goes down so NFT owners are left with receipts of broken links, even better if a CDN gets hijacked and gets configured to return the same Rick Roll clip for every NFT link.
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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?
Same for your movie collection. The movie streaming industry is a scam !
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…
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…
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…
The timestamp and signature would disprove your claim, and evidence of your fraud would perpetually exist on the blockchain if someone wanted to hold you accountable.
Would it be accurate to say that, from another perspective, the counterfeit NFTs I issued would stay on the blockchain in perpetuity, with no on-chain indications (aside, of course, from timestamp and key) of their fraudulent nature, and that they could be resold over and over to defraud additional careless buyers? Is there some sort of registry of fake/fraudulent NFTs or is it all caveat emptor, hope you read the right blogs?
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If digital art is as valuable and worthy of recognition as physical art, then look at it through lens of the difference in price between the original Mona Lisa and replicas of it.
I absolutely think that digital art is as valuable and worthy of recognition as physical art. My wife is an artist (oils and water colors, not digital) and we've discussed it at length that the skill and talent required to create digital art imparts equal value. I'm not arguing against that (I'm not saying that's what you're saying either, but just to be clear for folks who read the comments). But...I do not see the…
This has been coming a long time. I have about 3000 hours in guild wars 2, when I log in I’m always so happy I have my legendary longbow. If they’d have been nfts that would be amazing. I’d love for that metadata to travel with me across other digital worlds.
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Until the artist needs money, and “mints” more NFTs for the same URL.
Timestamp shows which one came first.
The point is, there's no scarcity built in to an NFT. Scarcity builds far more value than a position in line.
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No, that's not it. A scam implies that it's deliberate deception. People being hurt is neither here nor there. And obviously people ARE getting hurt, but that doesn't mean it's a scam. It's just a crazy bubble.
I would say being deceived is also getting hurt…
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The blockchain tells you that you "own" whatever was at the URL at the point of time that it was written onto the chain. There is no continuing or on-going guarantee that the content at the URL won't change after that. If there is no content hash in the receipt and the original URL is now defunct, how do you prove authenticity?
One way would be to store a hash of the content at that URL with the NFT, but there's actually a better way. IPFS supports the concept of immutability [1], so you could just use an IPFS URL with a content identifier. It also allows for revisions linked to the original content identifier. [1] https://docs.ipfs.io/concepts/immutability/