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

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

torrentfreak.com

Post reply on HN
Print view View original

81–90 of 184 posts

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

#81

Post by qeternity »

episteme wrote: post #38
samwillis wrote: post #30

Earlier quoted context omitted.

I think that is kind of the point. This a social commentary on the absurdity of NFTs and crypto. There was the study yesterday that showed that 70% of crypto trading was wash trading. I.e junk to inflate the appearance of the market. I see this being mostly zeros as effectively the same. It was meant to be found to be junk, to show how stupid it all is.

It was 70% of the trading done on -unregulated- exchanges.

Given that Coinbase paid a fine for wash trading, performed by none other than former Coinbase employee and Litecoin creator Charlie Lee, I’m not sure what you’re suggesting here.

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

#82

Post by Dylan16807 »

manigandham wrote: post #71
cm2187 wrote: post #29

Earlier quoted context omitted.

I think it does illustrate that NFT themselves are useless (other than being some sort of performance art). If you legally bought the right to something, what has value is not the NFT, it is the legal contract of the transaction. If you don’t sign a contract, the NFT is just a few bytes stored somewhere that have no consequences. The value is in the legal agreement.

That's true, it's just another medium of execution via cryptographic signatures exposed as on-chain tokens. The legal foundation is still being figured out (mostly due to transparency and global jurisdiction issues) but there is something unique about having a much more programmable system. It's like DocuSign + APIs + banking + decentralized security and governance all rolled into one, and I think societal and econom…

> It's like DocuSign + APIs + banking + decentralized security and governance all rolled into one, and I think societal and economic changes will catch up to make this new system of transactions much more valuable.

What makes you think that? When I see that the people that are the most invested aren't bothering to tie any real rights to the NFTs, that's a really bad sign.

Blockchains are also pretty bad at banking in general.

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

#83

Post by FridgeSeal »

tofurocks wrote: post #46
addicted wrote: post #39

Earlier quoted context omitted.

Yes, but NFT “owners” get real mad if you right click > Download Image the art they “own”.

Nobody cares if you download their NFT, it is a joke on crypto twitter

The people getting angry if you tweet at them using their “special” NFT profile picture suggest otherwise.

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

#84

Post by littlestymaar »

clippablematt wrote: post #47
addicted wrote: post #39

Earlier quoted context omitted.

Yes, but NFT “owners” get real mad if you right click > Download Image the art they “own”.

Nobody cares. There is more value in being the owner of the thing everyone has, than the thing no one has. Keep right clicking, we love it. https://www.e-flux.com/journal/85/156418/my-collectible-ass/

The “owner” part is the issue though. The NFT owner's is just that: they own the NFT and nothing else. There can be infinitely many NFT pointing to the same art asset.

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

#85

Post by imgabe »

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.

Except the company that sold Moon shares had no authority to offer ownership over any part of the moon. The blockchain does have authority to offer ownership over particular tokens on that blockchain. Those are valuable so long as there are enough people that agree they are valuable and are willing to exchange other goods and services for them. Oh yeah, kind of like fiat money.

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

#86

Post by lottin »

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.

Ownership implies some kind of exclusive rights. If everybody has the same rights over the content as the supposed owner, it means they're not the owner.

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

#87

Post by albertgoeswoof »

Hamuko wrote: post #64
albertgoeswoof wrote: post #35

Earlier quoted context omitted.

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?

It could be on a normal database/server, but then all parties would have to agree on who controls that, and it would be difficult for new developers to join.

We’d need some kind of way to trust a public database among untrusted participants- which is what a blockchain basically does.

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

#88

Post by GDC7 »

clippablematt wrote: post #47
addicted wrote: post #39

Earlier quoted context omitted.

Yes, but NFT “owners” get real mad if you right click > Download Image the art they “own”.

Nobody cares. There is more value in being the owner of the thing everyone has, than the thing no one has. Keep right clicking, we love it. https://www.e-flux.com/journal/85/156418/my-collectible-ass/

> There is more value in being the owner of the thing everyone has

Everybody has a Yankees logo on hat or on a cup or a scarf somewhere.

Small detail is that everybody who does has to pay royalties to the Yankees and as a consequene to Yankees' owners : the Steinbrenner family.

What you claim the NFT crowd is enthusiast about is basically what Gucci, Ray-Ban, LVHM and all the other luxury brands have been fighting for ages now.

Chinese copies not paying any royalties selling on the street for 5$ whereas the original sells for 5000$.

Luxury brands fight it with lawsuits and holograms, whereas the NFT crowd aims to fight it with blockchain.

But images are images and outside the lunatics of the NFT community if I right click a cool piece of art and show it to somebody, they'd reply that it's cool and would not ask for proof of ownership. The thing being on my computer or on my wall is all the proof of ownership they need before complimenting me . Very much like people would compliment my 5$ Ray-Ban shades and my GF 25$ LV handbag and nobody is going to check the hologram on either

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

#89

Post by detaro »

lottin wrote: post #86
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.

Ownership implies some kind of exclusive rights. If everybody has the same rights over the content as the supposed owner, it means they're not the owner.

But just because you have the ability to download something from the internet doesn't mean you have the same rights to it as someone who has given some kind of license to it (which is often attached to NFT sales).

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

#90

Post by FatalLogic »

wpietri wrote: post #40
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…

Would that be nice? Sure. Are NFTs likely to do that? No. Why would game/platform creators do a ton of work so they could make less money? And even if they wanted to, which they won't, why would they bless some specific blockchain with that power? If that is at all viable, somebody like Steam or Amazon will want it to be their own digital assets registry that wins. For that, they don't need a blockchain, just a datab…

>Why would game/platform creators do a ton of work so they could make less money?

I know, right? Or to look at another similar situation: why would Verizon, China Mobile, T-Mobile, and AT&T all make their voice/data networks interoperable?

Obviously, they wouldn't chose to do that.

Post reply on HN