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

nftreplicas.net

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

#121

Post by kranke155 »

mc32 wrote: post #116
kranke155 wrote: post #106

Earlier quoted context omitted.

True but what if in buying those stars you were supporting space research? That’s all NFTs are right now - a novel way to invest in artists. And that’s remarkable, and good enough for me.

That’s fine, but in many cases people believe these are investment instruments rather than seeing them as a donation. If these purveyors made it clear these were Donations, then yeah, that’s okay. Maybe Wikipedia can sell NFYs to “articles” and avoid the donation button?

I think it’s pretty clear there’s a market for them, which attracted a bunch of knobs. But yes I see them as a direct way to fund artist’s work, particularly digital artists, who before this had to content with likes on Instagram! An NFT is a way to say “hey I like this so much I’ll pay you to keep doing it”

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

#123

Post by andybak »

theWreckluse wrote: post #69
andybak wrote: post #12

Earlier quoted context omitted.

> the scarcity of that is real. Scarcity on it's own does not equal value. The value comes either from social consensus or direct utility. Real numbers are scarce. There's only one of each.

> Real numbers are scarce. There’s only one of each. This gives me ideas! Who wants to join me in this new fad?

I've already claimed all the rationals so hurry up.

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

#124

Post by blueski »

miracle2k wrote: post #110
blueski wrote: post #93

Earlier quoted context omitted.

In what sense would I "own" the art? Do I have more rights over it than anyone else - and if so, how are these legally enforced? What prevents the artist from minting a different type of NFT (or whatever comes next) on that same artwork?

No, you don't have more rights than anyone else, and nothing prevents the artist from minting more NFTs of the same artwork. But this is no different than buying say a print of a fine art photograph (that print would be physical, yet only artificially limited and easily mass-produced; you may or may not care about this quality).

Feels a little different, in that I'd then have a fine art print to put on my wall and enjoy. In this case I have a string of characters on a hard drive. If I didn't care only about price appreciation, why would I pick the latter?

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

#125

Post by swalsh »

simias wrote: post #52
costcofries wrote: post #31

Earlier quoted context omitted.

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 do…

We've been hearing this tune from cryptoenthusiasts for over a decade now, maybe you should revisit your comments from a few years ago? If you dig in my own comments on this website you can probably find discussions from 2017 or even earlier where I ask when people think that cryptocurrency tech is going to finally deliver something useful. It's always "one or two years from now". It's always "we're early". Remember…

When I watched the president of the United States get kicked off every popular social media platform it clicked for me. I never voted for the guy, I never liked the guy. But he was still the president, and it didn't matter. The tech companies demonstrated how much power they truely had. NO ONE should have that much unchecked power.

Before 2020, I was interested in crypto as an academic exercise. In 2021, it became an urgant need. I don't think i'm alone, to me crypto is an exit from the large tech monopolies that dominate our world today.

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

#126

Post by zepto »

danuker wrote: post #92
zepto wrote: post #57

Earlier quoted context omitted.

This is a property that NFTs can never have, so claiming that NFTs are equivalent to physical collectibles is certainly false. If you are saying that something requires a ledger entry to have value, then you are simply proving that it has no intrinsic value .

From https://en.wikipedia.org/wiki/Intrinsic_theory_of_value : > An intrinsic theory of value (also called theory of objective value) is any theory of value in economics which holds that the value of an object, good or service, is intrinsic, meaning that it can be estimated using objective measures. If you use "what someone last paid for it" as a measure of intrinsic value, then they have intrinsic value.

> If you use "what someone last paid for it" as a measure of intrinsic value, then they have intrinsic value.

Clearly this doesn’t meet the requirements of an objective measure.

A single tulip bulb was purchased for 2500 florins in 1636. That represents 10 years of a skilled laborers earnings at the time.

If you believe that the price an NFT sold for on a ledger represents its intrinsic value, then you must also believe that a tulip bulb’s intrinsic value was equivalent to 10 years of skilled labor.

Obviously this is absurd, and history proved it so.

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

#127

Post by gokhan »

suikadayo wrote: post #81
smt88 wrote: post #5

Soon you'll need a way to authenticate NFTs (prove that the one you're bidding on was minted by the advertised artist), and then you'll immediately lose the proposed benefits of NFTs -- decentralization and anonymous trust.

It’s not that difficult. Artists, original creators will write down their .eth or wallet address on their profile. Or just compare the timestamps of the creation of the smart contracts and the tokens.

Who guarantees that the profile is the real one?

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

#128

Post by officeplant »

costcofries wrote: post #31
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 do…

I believe a lot of us would be more excited if they weren't also a frustrating grifter paradise.

People rant and rave about how this is a huge when for digital artists while ignoring the darker side. I see more and more small artists venting their frustrations in fighting with the NFT markets to get their stolen art taken down. Also in dealing with crypto bros cyberbullying them for refusing to participate in this whole crypto shit show.

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

#129

Post by max48 »

suikadayo wrote: post #81
smt88 wrote: post #5

Soon you'll need a way to authenticate NFTs (prove that the one you're bidding on was minted by the advertised artist), and then you'll immediately lose the proposed benefits of NFTs -- decentralization and anonymous trust.

It’s not that difficult. Artists, original creators will write down their .eth or wallet address on their profile. Or just compare the timestamps of the creation of the smart contracts and the tokens.

That doesn't solve the issue. You have no way of knowing if the art I'm selling as NFT was made by me or if I copied it from the webpage/DeviantArt of an other artist. Being the first to create an NFT of an image doesn't mean you created the image. And if the images are slightly edited to prevent google image searches (or similar technique), people might never know that 3 people are selling the same stolen image.
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