NFT Replicas: An app to mint a replica of virtually any NFT • Hacker News Board

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#31

Post by costcofries » Thu, Dec 23, 2021, 5:21 PM UTC

lettergram wrote: post #8

I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. I see the use cases, but frankly I don’t think it’s innovative nor does it solve something in a really unique way. Part of the point of digital assets are that they can be copied. If you don’t want to copy them, you can validate with the issuing authority (which is virtually all NFTs as it is).

Not surprised that this is the top comment, it seems to be the overwhelming sentiment on HN, which is unfortunate. My perspective is that it's very early for NFTs and the large majority (you included) are fixating on what you're seeing in the space today, or put differently, you're being shortsighted.

Mark your comment down and revisit it in a few years, having an opinion on the sidelines is just fine. Now let the downvotes commence.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#32

Post by [deleted] » Thu, Dec 23, 2021, 5:22 PM UTC

Aloha wrote: post #22

me_me_mu_mu wrote: post #11

Earlier quoted context omitted.

It makes for mega cringe lords like Gary Vee. Dude is like 60 and dresses like a Fortnite teenager so he can peddle NFTs to kids as an investment strategy. I always found him to be annoying and the NFT space basically confirmed it.

He's 46. I think NFT's are laughable, but if you're gonna play the agism card, at least get the details right.

[deleted]

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#33

Post by YorickPeterse » Thu, Dec 23, 2021, 5:22 PM UTC

Alex3917 wrote: post #17

lettergram wrote: post #8

I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. I see the use cases, but frankly I don’t think it’s innovative nor does it solve something in a really unique way. Part of the point of digital assets are that they can be copied. If you don’t want to copy them, you can validate with the issuing authority (which is virtually all NFTs as it is).

> I view NFTs as one of the dumbest things to come out of the crypto space. To understand the space, you need to come to terms with the fact that asking "is this a legitimate human need" isn't a useful or relevant question. Instead, you need to ask, "for people who are already demonstrating that they have this human need, does this technology enable that need to be met more efficiently." You might think the human nee…

Let's be realistic here: there's no need for NFTs other than fear of missing out, and money laundering.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#34

Post by blueski » Thu, Dec 23, 2021, 5:22 PM UTC

I want to be excited about Web3 and feel I'm missing something, given how many smart minds are. But every time someone talks about NFTs on a podcast I feel there are many questions not answered.

For example - Kevin Rose has minted 1000 NFT's for "membership" of his podcast VIP group. Users had to pay ~3 ETH (~$12k) for each one - but he hasn't yet told them what the benefits of holding will be, when they'll come, and how long they'll be offered for.

As a user, I might be prepared to pay a membership for these benefits (being able to cancel any time) - but why would I risk $12k up front, having no idea what I'm getting? What incentive does he have to offer beyond the bare minimum to sustain his reputation?

The only way it makes sense is if it's about pure price speculation. Can anyone enlighten me on how this is progress?

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#35

Post by oneplane » Thu, Dec 23, 2021, 5:22 PM UTC

douglaswlance wrote: post #18

A Michael Jordan rookie card is worth tens to hundreds of thousands of dollars depending on grade. If I print a Michael Jordan rookie card onto cardstock, it will be worth basically nothing. The reason that something is valuable to collectors is the social contract between creator and recipient. The value in NFTs exists by that same social contract. You can't ignore that relationship when criticizing them, otherwise…

A card that people want to collect in your example is scarce because it cannot be re-created with the same properties that the ones that already exist have; all one could do is create a replica.

NFTs are artificial scarcity ahead of time with the purpose of emulating ETFs, hidden behind a fake 'new' concept of a digital deed (which is what a blockchain already is, no need for NFTs for that). Digital 'goods' however, are always replicas. There is no 'true' version. All they are is an attempt at monetary manipulation of people during the time in which they aren't as well-known and regulated as ETFs are.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#36

Post by jsjsbdkj » Thu, Dec 23, 2021, 5:22 PM UTC

seibelj wrote: post #9

Prints are a near-perfect replica of any painting, and also professional forgers routinely copy works of, or create original works of, major artists in order to make a lot of money. However prints are typically worth a fraction of the original work, and the moment a forged painting is discovered its value plummets. The value of the NFT is not primarily in how it looks. The value of the NFT is in the provenance, the h…

Have you seen a Newman painting in person? The image of Voice of Fire (https://en.wikipedia.org/wiki/Voice_of_Fire) on Wikipedia is completely unremarkable, but it's actually very impressive and powerful to see in person. One of my favourite pieces of visual art. A lot of people like to shit on abstract art and color fields as "a toddler could do it" but there is technical skill and artistry on display. Keith Haring's art is also very simple but powerful. Personally I don't get the same feeling from a shitty iPad drawing of a monkey with some photoshop layers swapped around.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#37

Post by afterburner » Thu, Dec 23, 2021, 5:22 PM UTC

Aloha wrote: post #22

me_me_mu_mu wrote: post #11

Earlier quoted context omitted.

It makes for mega cringe lords like Gary Vee. Dude is like 60 and dresses like a Fortnite teenager so he can peddle NFTs to kids as an investment strategy. I always found him to be annoying and the NFT space basically confirmed it.

He's 46. I think NFT's are laughable, but if you're gonna play the agism card, at least get the details right.

Just Gen X being called boomers, once again

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#38

Post by AnIdiotOnTheNet » Thu, Dec 23, 2021, 5:23 PM UTC

altdataseller wrote: post #29

douglaswlance wrote: post #18

A Michael Jordan rookie card is worth tens to hundreds of thousands of dollars depending on grade. If I print a Michael Jordan rookie card onto cardstock, it will be worth basically nothing. The reason that something is valuable to collectors is the social contract between creator and recipient. The value in NFTs exists by that same social contract. You can't ignore that relationship when criticizing them, otherwise…

A MJ rookie card is worth a lot because it’s MJ, the best ball player of all time. How is a NFT drawn by a random artist of a random image worth so much?

If we're steelmanning the argument, then I think you'd have to ask what makes an NFT of a digital artwork by a famous digital artist worth so much.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#39

Post by [deleted] » Thu, Dec 23, 2021, 5:23 PM UTC

Aloha wrote: post #22

me_me_mu_mu wrote: post #11

Earlier quoted context omitted.

It makes for mega cringe lords like Gary Vee. Dude is like 60 and dresses like a Fortnite teenager so he can peddle NFTs to kids as an investment strategy. I always found him to be annoying and the NFT space basically confirmed it.

He's 46. I think NFT's are laughable, but if you're gonna play the agism card, at least get the details right.

[deleted]

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#40

Post by boatsie » Thu, Dec 23, 2021, 5:23 PM UTC

lettergram wrote: post #8

I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. I see the use cases, but frankly I don’t think it’s innovative nor does it solve something in a really unique way. Part of the point of digital assets are that they can be copied. If you don’t want to copy them, you can validate with the issuing authority (which is virtually all NFTs as it is).

I had this opinion too, but if you think about something like trading cards or any other “limited” collectibles that were mass produced, rather than one of a kind art, it’s sort of the same thing with regards to artificial scarcity.