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“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

torrentfreak.com

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Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#61

Post by Hamuko »

xondono wrote: post #50
tomp wrote: post #31

Earlier quoted context omitted.

Reminds me of Moon Shares from like 20 years ago. You could buy property on the moon and the company would verify ownership for you. Although this is totally different, because it’s blockchain.

> Although this is totally different, because it’s blockchain. Except the blockchain only keeps the url, so the “content” doesn’t get any of the properties of the blockchain

There's blockchain somewhere in there, so that means that the technology is great and will change the world.

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#62

Post by Hamuko »

crispyporkbites wrote: post #17

NFTs are obviously a bit silly, BUT, it would be nice if things bought on platforms like Steam, Roblox, Amazon, iTunes etc. were transferable to other games/platforms. The platform providers would still need to agree that a specific blockchain / NFT is actually the source of truth, and so it's not really trustless. But the internet itself isn't perfectly decentralized either. I could see a future where developers cou…

I'm not holding my breath for transferable content between platforms when big game studios cannot make save data compatible between the same PC game if bought on different stores. If you start playing Forza Horizon 5 on Xbox Game Pass and then decide to buy it on Steam, you have to start from the beginning because the save data is not compatible between the two different store versions.

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#63

Post by Vetch »

tomp wrote: post #31
judge2020 wrote: post #8

Isn’t the point of NFTs that it verifies ownership, not “you’re the only one that can access the content” (although there are indeed NFTs that can only allow the owner to decrypt the content)? It’s like video game cosmetics - many people can have the same skin, but people you want to impress or show off to can see that you own x, y, and z.

Reminds me of Moon Shares from like 20 years ago. You could buy property on the moon and the company would verify ownership for you. Although this is totally different, because it’s blockchain.

NFTs are probably best thought of as a recapitulation of status goods into the digital world, outside video games. The physical good versions has never made sense to me either.

Thorstein Veblen already in the late 1800s had pointed out that an object's utility as a status signal increases in tandem with its uselessness. The object must then also be recognized among peers as difficult to obtain. For the moon shares analogy to work, being objectively worthless or grossly overvalued is insufficient, it had to have also been exclusive and coveted among the "high class".

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#64

Post by Hamuko »

albertgoeswoof wrote: post #35
input_sh wrote: post #24

Earlier quoted context omitted.

I'm gonna copy my questions from another thread about transferable items because I'm genuinely curious about the answers. Why would an asset designed for one game make sense or look good or feel at home in a completely different one? Why would companies make one of them and sell it for a million bucks instead of trying to convince more players to buy it in a shop for two bucks? Is the mechanic of a weapon gonna adjus…

Ignore the speculation on NFTs as a “single owner” of a piece of digital art for now, like most high art, it’s BS. Just think about the things you buy online, be it movies, artwork, music, in app upgrades etc. Today we trust each individual app developer to honour the purchase agreement, eg. if the Amazon disappears or changes their license agreement, all your purchases are gone. Tomorrow we might be able to purchase…

>Tomorrow we might be able to purchase a license to the asset, registered on a public blockchain, and use that to prove ownership within an application. You could actually own some of things you currently “buy” online.

How? Why does it matter that it's on some blockchain?

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#65

Post by stjohnswarts »

agumonkey wrote: post #51
motoxpro wrote: post #34

Earlier quoted context omitted.

I think you could argue that Discord/Twitter is the game, which is a much bigger space than Fortnite or CSGO, meaning that the "skins" cost more. Instead of runing around a 3d character, you just type words on a web page/chat client and get points the more people see it.

Seems like internet new (maybe last) phase is about "selling everything". sigh

I don't see anything replacing the internet any time soon it is too entrenched currently, it certainly isn't the "metaverse". People will revolt against that. I've already seen facebook overload the past few years along with other social media.

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#66

Post by stjohnswarts »

timdaub wrote: post #56
mrspeaker wrote: post #3

I think the biggest problem the art project will face is that nobody actually wants 19.5TB of not-terribly-good art. If there wasn't a fun speculative element, then most of the artists would have trouble getting anyone to download their stuff even for free (just like most game devs struggle to get anyone to play their games - even when they're pretty good). So really, if this art project does succeed it could be an i…

Actually, I was about to rent a big server and download the torrent as I wanted to build a reverse image search for NFTs. But since it's not 19TB, I won't do it.

While that's a lot for most home users it's a drop in the ocean of cloud storage and search data processing

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#67

Post by meribold »

albertgoeswoof wrote: post #35
input_sh wrote: post #24

Earlier quoted context omitted.

I'm gonna copy my questions from another thread about transferable items because I'm genuinely curious about the answers. Why would an asset designed for one game make sense or look good or feel at home in a completely different one? Why would companies make one of them and sell it for a million bucks instead of trying to convince more players to buy it in a shop for two bucks? Is the mechanic of a weapon gonna adjus…

Ignore the speculation on NFTs as a “single owner” of a piece of digital art for now, like most high art, it’s BS. Just think about the things you buy online, be it movies, artwork, music, in app upgrades etc. Today we trust each individual app developer to honour the purchase agreement, eg. if the Amazon disappears or changes their license agreement, all your purchases are gone. Tomorrow we might be able to purchase…

That sounds like DRM. Wouldn't less DRM be a bigger win for end users?

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#68

Post by netflixandkill »

Jensson wrote: post #25
netflixandkill wrote: post #13

Earlier quoted context omitted.

What does a NFT of a torrent even mean after we stop laughing at the absurdity?

NFT are just like tweets. An NFT of a torrent is the same thing as a tweet linking to a torrent, just that in this case the tweet is stored in a blockchain and people can buy it.

I understand what NFTs are, but torrents are ephemeral and recreatable and frequently replaced even for the same source data, more akin to indices. Proving you had a copy in the past or traded for said proof conveys nothing if no seeders exist anymore, and abandonment rates are huge outside of archival communities.

Other than the mystery and the joke what's the meaning of a NFT for the URL of a deleted tweet?

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#69

Post by timdaub »

stjohnswarts wrote: post #66
timdaub wrote: post #56

Earlier quoted context omitted.

Actually, I was about to rent a big server and download the torrent as I wanted to build a reverse image search for NFTs. But since it's not 19TB, I won't do it.

While that's a lot for most home users it's a drop in the ocean of cloud storage and search data processing

yeah but I'm a single person so 19 TB is kind a big deal for me. But sure corps handle much more.

Re: “The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

#70

Post by Azsy »

Vetch wrote: post #63
tomp wrote: post #31

Earlier quoted context omitted.

Reminds me of Moon Shares from like 20 years ago. You could buy property on the moon and the company would verify ownership for you. Although this is totally different, because it’s blockchain.

NFTs are probably best thought of as a recapitulation of status goods into the digital world, outside video games. The physical good versions has never made sense to me either. Thorstein Veblen already in the late 1800s had pointed out that an object's utility as a status signal increases in tandem with its uselessness. The object must then also be recognized among peers as difficult to obtain. For the moon shares an…

I don't think the comparison holds well enough. The vast majority is in it in the hopes to get richer.

its closer to tulip mania with a 'distributed' MLM pyramid scheme twist.

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