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

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

#101

Post by efdee »

imgabe wrote: post #94
Dylan16807 wrote: post #93

Earlier quoted context omitted.

What do you mean "except"? Within the moon share ecosystem, moon shares have the exact same kind of authority. Value's always worth what someone will pay, sure. But blockchain authority isn't more special than any other database. It has some fancy properties, but they don't affect the authority.

What does it mean to own something? It what sense does a Moon share give you any ownership over any part of the moon? If someone else goes up to the Moon and builds a lunar base on "your" piece of the Moon, does your Moon share give you any way to stop them? Can you sue them in any court? Does it prevent anyone in any way from doing whatever they want with that piece of the Moon? No, it doesn't. Contrast with a token…

The blockchain equates to the Moon Shares company. Outside of the company/blockchain, the ownership means nothing.

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

#102

Post by UncleMeat »

imgabe wrote: post #94
Dylan16807 wrote: post #93

Earlier quoted context omitted.

What do you mean "except"? Within the moon share ecosystem, moon shares have the exact same kind of authority. Value's always worth what someone will pay, sure. But blockchain authority isn't more special than any other database. It has some fancy properties, but they don't affect the authority.

What does it mean to own something? It what sense does a Moon share give you any ownership over any part of the moon? If someone else goes up to the Moon and builds a lunar base on "your" piece of the Moon, does your Moon share give you any way to stop them? Can you sue them in any court? Does it prevent anyone in any way from doing whatever they want with that piece of the Moon? No, it doesn't. Contrast with a token…

And my moon certificate proves that I own that part of the moon. Control over transfer is not the same as control over other uses.

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

#103

Post by Hamuko »

albertgoeswoof wrote: post #87
Hamuko wrote: post #64

Earlier quoted context omitted.

> 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.

This still doesn't explain how this actually proves anything, improves anything or makes the offered Amazon scenario a thing of the past.

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

#104

Post by charcircuit »

chanc3e wrote: post #32
2pEXgD0fZ5cF wrote: post #9

Earlier quoted context omitted.

> It’s like video game cosmetics Video game cosmetics derive their appeal from people using them while they actually play the game, not from showing off the database flag that activates it for the account. With NFTs, the whole game part of the game cosmetics analogy is missing.

Totally. Who is going to pay a studio to develop the models, artwork and code required to have a ‘NFT skin’ in a game? Money is made by selling a skin multiple times to return effort. And what if I want that skin in League, rather than GTA? The whole concept is a nonsense. Influencers + shady finance have collided to *create a climate melting scam. Edit: spelling and errant word

Typically whta is done is that n upper / lower bits of the tokens ID is ignored which allows you to mint 2^n duplicates of a skin.

>And what if I want that skin in League, rather than GTA?

Too bad. Most games are not going to put in work to support other game's cosmetics.

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

#105

Post by lottin »

detaro wrote: post #89
lottin wrote: post #86

Earlier quoted context omitted.

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).

A license to download some content that is otherwise publicly accessible? At any rate, copyright licenses cannot be enforced with smart contracts, because smart contracts cannot stop members of the public from making unauthorised copies. Copyright licenses can only be enforced by entities that have coercive power over individuals, e.g. courts of justice, but then the whole NFT becomes redundant because owning the NFT doesn't do anything, because in order to enforce your license you would need to have the proper paperwork and file a suit against the offending party.

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

#106

Post by charcircuit »

cma wrote: post #19
2pEXgD0fZ5cF wrote: post #9

Earlier quoted context omitted.

> It’s like video game cosmetics Video game cosmetics derive their appeal from people using them while they actually play the game, not from showing off the database flag that activates it for the account. With NFTs, the whole game part of the game cosmetics analogy is missing.

Games can load them from ipfs and verify ownership or somehing, but to counterfeit all you have to do is change the shade of pixel by one bit and get a new hash. So then you have to move to a whitelist system where someone centralized (or a DAO) has to manually act as a copyright system, whitelisting hashes, duplicating the work of the existing copyright and legal system.

My even change 1 bit? Just create a new NFT with the same exact image. Nothing is stopping you.

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

#107

Post by jimmydorry »

qeternity wrote: post #81
episteme wrote: post #38

Earlier quoted context omitted.

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.

Regulation working as intended?

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

#108

Post by mewse »

imgabe wrote: post #94
Dylan16807 wrote: post #93

Earlier quoted context omitted.

What do you mean "except"? Within the moon share ecosystem, moon shares have the exact same kind of authority. Value's always worth what someone will pay, sure. But blockchain authority isn't more special than any other database. It has some fancy properties, but they don't affect the authority.

What does it mean to own something? It what sense does a Moon share give you any ownership over any part of the moon? If someone else goes up to the Moon and builds a lunar base on "your" piece of the Moon, does your Moon share give you any way to stop them? Can you sue them in any court? Does it prevent anyone in any way from doing whatever they want with that piece of the Moon? No, it doesn't. Contrast with a token…

> It what sense does a Moon share give you any ownership over any part of the moon? If someone else goes up to the Moon and builds a lunar base on "your" piece of the Moon, does your Moon share give you any way to stop them?

In what sense does a Token give you any ownership over any part of the image? If someone does a copy&paste operation and starts selling "your" image on a t-shirt, does your NFT give you any way to stop them?

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

#109

Post by Dylan16807 »

capableweb wrote: post #95
Dylan16807 wrote: post #93

Earlier quoted context omitted.

What do you mean "except"? Within the moon share ecosystem, moon shares have the exact same kind of authority. Value's always worth what someone will pay, sure. But blockchain authority isn't more special than any other database. It has some fancy properties, but they don't affect the authority.

Authority on the blockchain is validated by a bunch of different actors, none who trust each other but reaches consensus anyways. Authority within the moon share ecosystem is validated only by the people who own the company.

That might matter in a niche case where the ownership of my moon share database entry is in dispute. (And each system has positives and negatives, blockchains aren't a strict upgrade.)

But the potential authority over the actual moon is the same under both systems.

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

#110

Post by Latty »

netflixandkill wrote: post #68
Jensson wrote: post #25

Earlier quoted context omitted.

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?

The same as every NFT: nothing beyond what everyone agrees to, which right now (and likely forever) is nothing.

Well, I suppose separating speculators from their money is another answer.

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