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

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

thenftbay.org

Post reply on HN
Print view View original

221–230 of 257 posts

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

#221

Post by serverholic »

barnabee wrote: post #211
neilalexander wrote: post #129

Earlier quoted context omitted.

"can" being the operative word but is very very far from guaranteed. If you wake up one day to find that no IPFS nodes are pinning the content anymore, it is as good as gone.

Unless you or anyone else has a copy of the file, then they can put it back and the URL will be the same. If you own an NFT that points to something on IPFS you probably want to keep a copy of the file lying around to do this if necessary. There are projects trying to create permanent decentralised, content addressable storage (in some case as layers on top of IPFS), so maybe even that problem will go away.

Filecoin attempts to solve that by adding an incentive layer on top of ipfs.

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

#222

Post by serverholic »

Grustaf wrote: post #179
serverholic wrote: post #157

Earlier quoted context omitted.

I would say being deceived is also getting hurt…

Yes, a scam hurts people, but not everything that hurts people is a scam!

This is true. People gamble on the stock market all the time, yet nobody would call it a scam.

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

#223

Post by diveanon »

ITT: People who don't know what NFT's are explaining what they think NFT's are to other people who don't know what NFT's are.

HN is really good for tech & SF housing market news, but god awful for any other types of information because the users here think they are experts on every topic.

If you are actually interested in how NFT's work, interesting projects using them, or just want to have a conversation around the topic that isn't just snarky morons jacking each other off, I highly encourage you to engage some of these communities on twitter, telegram, or discord.

Its a really fun space right now and there are lots of projects looking for solid web devs if you are in the mood for a challenging side project.

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

#224

Post by SuoDuanDao »

Uehreka wrote: post #203
SuoDuanDao wrote: post #133

Earlier quoted context omitted.

But doesn't every revolution start out with a niche of early adopters that see the potential in something where everyone else just sees the clunky first prototype? Bitcoin in the early days may not have been for you, but if your retirement fund starts holding an amount of crypto it will become 'for you' then. The Tesla Model 3 is for a lot more people than the model S, and so on. Why would a revolution need to be 'fo…

I’m pretty sure almost everyone who buys a Model 3 thinks that a Model S is “for them”, they just can’t afford it. When the Model S came out, it was clear what it would be good for, and all that needed to change was to get the price down and the scale up. And if someone was like “What’s the big deal with the Tesla Model S?” I could say things like “This car runs on electricity, so it will help reduce our carbon footp…

Well sure... but plenty of people did criticise the model S as being out of the price range of so many people that it wouldn't have an appreciable effect on carbon footprint. To which the response 'it's targeting a small number of people that are willing to pay high prices for something that still has technical glitches, which will subsidise a more widely appealing product later' seems pretty valid. What's the alternative, tell people at that stage about the Model 3, which even Elon thought had low odds of being built by Tesla Motors? There are too many lessons learned between the Model S days and the Model 3 days to offer a realistic vision of those days, the proof was more in who was excited by the S than a carefully laid out roadmap between exciting the early adopters and appealing to a mass market.

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

#225

Post by nkeebs »

jordemort wrote: post #106
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.

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?

The marketplace for the most part does this for you. The artist directs buyers to the marketplace page for their project and the marketplace pulls information directly from the blockchain. If you want additional security you can manually lookup the history of a project on etherscan. There are scammers that make copy-cat projects but it is usually easy to steer clear of them by getting contract address/marketplace info from the artist on twitter or discord.

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

#226

Post by chrisco255 »

mythz wrote: post #168
chrisco255 wrote: post #143

Earlier quoted context omitted.

The problem with "buying a star" or selling a star is there really is no provenance for it. Your bank account is simply a row in a Cobol database managed by some archaic institution. Your stocks in your Robinhood app are the same. You seem to be demeaning the value of database records when so much of the world economy is merely that.

> Your bank account is simply a row in a Cobol database managed by some archaic institution. My bank is managing my real cash money account, which has real utility that can be used to purchase tangible assets like the property that houses my family. Your NFT is a worthless forgotten entry buried in a DB of a URL pointing to a public image (everyone has access to, but no one else had to trade real money for) that will…

> Your NFT is a worthless forgotten entry buried in a DB of a URL pointing to a public image (everyone has access to, but no one else had to trade real money for) that will become a broken link when this pyramid scam collapses vaporizing every dollar that remained invested in it.

Nope, my NFT is a permanent record of account utilizing the ERC721 open standard for non-fungible tokens on the Ethereum blockchain. The record of my purchase of the NFT will exist long after you or I are no longer around.

It is a transferrable asset tradeable 24/7 on the Ethereum blockchain, accessible as an open data standard on numerous marketplaces and applications. It is far more liquid and exchangeable than any physical asset I own.

Some of the NFTs I own exist as SVGs stored on Ethereum mainnet. Some exist on Filecoin or Arweave blockchains and have 200 years of prepaid storage to back them up. Some are backed by centralized photo servers and only merely exist as temporary novelties (which is totally ok, by the way).

It's not a pyramid scheme. It's deeper than you know and will evolve further than your bias will let you see. You don't have to like sports to understand why an athlete is paid $50 million a year to play with a ball. You would do well to understand it better before you demean it, even if you don't personally want to participate in it.

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

#227

Post by chrisco255 »

IntelMiner wrote: post #198
BEEdwards wrote: post #145

Earlier quoted context omitted.

>Half of my Twitter feed is profile pics of NFTs being displayed prominently. And I could in 30 seconds, find the most expensive nft, copy the image and use that as my profile picture...

The part that still baffles me is that if you did that, the NFT community would just say "oh well that's not the REAL owner!" and pretend you don't exist Similarly if you "stole" the blockchain receipt of an actual NFT, therefore gaining "ownership" of it, the NFT community would simply pretend the person you stole it from was still the "real" owner, despite having zero "verifiable" status to it, beyond having possib…

You can't steal a blockchain receipt. Here's a challenge for you: go right click a CryptoPunk and save it, or use this NFTBay to torrent the JPEG yourself. Then try and sell it.

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

#228

Post by falcolas »

clippablematt wrote: post #185
falcolas wrote: post #100

Earlier quoted context omitted.

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

That’s on them and their reputation. Why would an artist intentionally damage their community and legitimacy.

Same reason anybody does? Bags of money.

Personal Opinion: By selling NFTs - metadata about the art and not the art itself - their integrity as an artist is already somewhat suspect in my mind.

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

#229

Post by notkaiho »

dcolkitt wrote: post #220
BEEdwards wrote: post #145

Earlier quoted context omitted.

>Half of my Twitter feed is profile pics of NFTs being displayed prominently. And I could in 30 seconds, find the most expensive nft, copy the image and use that as my profile picture...

And in a day or two, you could find the most expensive old Dutch master sold at Sotheby's and have a perfect digital replication. Nobody would stop you from hanging it out up in your living room, or even announcing to everyone on social media that it's the original and you're the owner. Nobody would need to, because everyone in the art collecting community would recognize this as super cringe. People purchase art for…

I still don't see how a digital copy can have the same brush texture as those of Dutch masters

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

#230

Post by root_axis »

SuoDuanDao wrote: post #133
Uehreka wrote: post #95

Earlier quoted context omitted.

> the age old “this isn’t for you” is applicable here I disagree. When people are going around calling this a revolution that will change the fabric of society, they can’t just revert to “maybe it’s just not for you” when they have trouble explaining it or defending it. Either this is revolutionary or it’s a niche thing, but it can’t be both.

But doesn't every revolution start out with a niche of early adopters that see the potential in something where everyone else just sees the clunky first prototype? Bitcoin in the early days may not have been for you, but if your retirement fund starts holding an amount of crypto it will become 'for you' then. The Tesla Model 3 is for a lot more people than the model S, and so on. Why would a revolution need to be 'fo…

> doesn't every revolution start out with a niche of early adopters

So does every obvious scam.

Post reply on HN