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TheNFTBay: Fake, but Worth Discussing

clubnft.com

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Re: TheNFTBay: Fake, but Worth Discussing

#31

Post by aledalgrande »

zepto wrote: post #2

> The value of an NFT is in having the right to insert yourself into that story, as the owner of that work, and with the ability to transfer that right to another person (i.e. selling the work). This is a false statement. The NFT doesn’t make you the owner of ‘the work’. It makes you the owner of the NFT. > The same way purchasing a painting gives you the right to resell that painting and prove to others that you are…

> This is a false statement. The NFT doesn’t make you the owner of ‘the work’. It makes you the owner of the NFT.

That depends on the conditions attached to the NFT. For example, the Bored Ape Yacht Club gives full commercial ownership to the owner of each ape for the particular ape they own.

Re: TheNFTBay: Fake, but Worth Discussing

#32

Post by gfodor »

zepto wrote: post #6
originalcvk wrote: post #5

Earlier quoted context omitted.

If you have finished reading the post by now (seems you are commenting and editing as you go along), I think I make it pretty clear when it gets to more detail that the NFT is the thing you own, the right to transfer that NFT is the thing of value, and what gives it value is the person and context around who made it in the first place. Further, I make it clear exactly what rights you and others have over the media, w…

> If you have finished reading the post by now (seems you are commenting and editing as you go along), Wrong. > I think I make it pretty clear when it gets to more detail that the NFT is the thing you own. Yes, you contradict yourself. > Further, I make it clear exactly what rights you and others have over the media, which is basically none . Yes, which is not what you say in the parts I quoted - let’s remind ourselv…

Unless you own the NFT, you can’t hang up the piece in cryptovoxels. That is ownership.

Re: TheNFTBay: Fake, but Worth Discussing

#33

Post by evan_ »

gfodor wrote: post #19
zepto wrote: post #2

> The value of an NFT is in having the right to insert yourself into that story, as the owner of that work, and with the ability to transfer that right to another person (i.e. selling the work). This is a false statement. The NFT doesn’t make you the owner of ‘the work’. It makes you the owner of the NFT. > The same way purchasing a painting gives you the right to resell that painting and prove to others that you are…

You’re presuming ownership universally means copyright. It doesn’t. Ownership is as much a cultural norm as a legal one. Owning the NFT, in certain circles, allows you to participate in an alternative cultural norm of ownership, decoupled from copyright ownership.

Would you like to participate in an alternative cultural norm of ownership of a bridge in Brooklyn?

Re: TheNFTBay: Fake, but Worth Discussing

#35

Post by GDC7 »

moron4hire wrote: post #21
GDC7 wrote: post #16

Earlier quoted context omitted.

You technically can do it in the real world! It's called stealing the painting lol. When buying an NFT you are essentially betting that society would come around to equate "right-clicking" with stealing. And that would employ the same social and technological resources to prevent right-clickers to do their bidding as it does today to prevent thief from stealing paintings from museums.

But the NFT didn't give you ownership of the image, so what right do you have as the NFT owner to tell people not to right-click?

As always with every social phenomenon, it's all about the social hatred they can manage to gather among the population and throw at right-clickers.

Re: TheNFTBay: Fake, but Worth Discussing

#36

Post by NicoJuicy »

shiohime wrote: post #28

I someday hope that people realize what you can do with single issue tokens beyond simply having a link to cloud storage. You can create products that utilize this same behavior, but also leverage proof of ownership to create actual unique applications. With even just an ounce of developer ingenuity, you can use NFTs as an access token to whatever service you wish to provide. I put together a collection that is both…

The digital piece can disappear when you still have the ownership and there's still nothing the owner can do about it.

Re: TheNFTBay: Fake, but Worth Discussing

#37

Post by verdverm »

shiohime wrote: post #28

I someday hope that people realize what you can do with single issue tokens beyond simply having a link to cloud storage. You can create products that utilize this same behavior, but also leverage proof of ownership to create actual unique applications. With even just an ounce of developer ingenuity, you can use NFTs as an access token to whatever service you wish to provide. I put together a collection that is both…

So is the NFT acting like a password to the service? Do you have a way to revoke access in this scheme? (For example an abusive user)

How would NFT access work for a service which requires monthly or usage based billing? (As this seems like a one time payment currently)

Re: TheNFTBay: Fake, but Worth Discussing

#38

Post by malermeister »

chrisco255 wrote: post #26
pfdietz wrote: post #22

Earlier quoted context omitted.

NFTs are like those old "star registry" scams. For $20 (or whatever), we'll write your name alongside this star in our registry book, and send you a certificate!

They're not, because the star registry doesn't have provenance of the Milky Way.

And neither does the Blockchain have provenance of... anything really.

Re: TheNFTBay: Fake, but Worth Discussing

#39

Post by throwaway1777 »

shiohime wrote: post #28

I someday hope that people realize what you can do with single issue tokens beyond simply having a link to cloud storage. You can create products that utilize this same behavior, but also leverage proof of ownership to create actual unique applications. With even just an ounce of developer ingenuity, you can use NFTs as an access token to whatever service you wish to provide. I put together a collection that is both…

it’s not really a new concept, just a better implementation.

Re: TheNFTBay: Fake, but Worth Discussing

#40

Post by shiohime »

verdverm wrote: post #37
shiohime wrote: post #28

I someday hope that people realize what you can do with single issue tokens beyond simply having a link to cloud storage. You can create products that utilize this same behavior, but also leverage proof of ownership to create actual unique applications. With even just an ounce of developer ingenuity, you can use NFTs as an access token to whatever service you wish to provide. I put together a collection that is both…

So is the NFT acting like a password to the service? Do you have a way to revoke access in this scheme? (For example an abusive user) How would NFT access work for a service which requires monthly or usage based billing? (As this seems like a one time payment currently)

Not quite. It acts as an access token, in about the purest sense, kind of like an auth token in traditional webapps. I could revoke access by blacklisting the NFT if I really, really wanted to I suppose, but I don't in this specific service I've built, as there would be no reason whatsoever for me to revoke access to the interactive capabilities of my art from someone that purchased it, and never would implement such a thing.

Edit - For the other cases you added to your original post, I've thought about the subscription problem some and have ideas but it's outside of the scope of my current project, but I think it is a solvable problem with some underlying changes to token mechanics.

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