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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

#131

Post by mc32 »

kranke155 wrote: post #121
mc32 wrote: post #116

Earlier quoted context omitted.

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”

What makes it a better solution than a donation button?

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

#132

Post by danuker »

zepto wrote: post #126
danuker wrote: post #92

Earlier quoted context omitted.

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 be…

> objective measure

How would a bunch of subjective meatbags be able to come up with an objective measure?

If everyone agreed that X is an objective measure, it could still be wrong.

Give me a concrete example of what you think is an objective measure.

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

#133

Post by tagami »

mmaunder wrote: post #41

The most interesting aspect of NFTs IMO is that they explore what ownership really means. Is it physically possessing something? Is it a receipt? Is it provenance? Is it the ability to destroy something permanently? Is it the ability to deny others access? Is it irrefutable and verifiable proof, without trusting any single entity, that an entity holds an exclusive status relative to a good?

NFTs aside, this is a solid question: "what is ownership"?

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

#134

Post by AnIdiotOnTheNet »

basch wrote: post #104
slg wrote: post #43

Earlier quoted context omitted.

>I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. This is so obvious to me that it is tough to stop myself from believing that everyone knows this and is just ignoring it in an attempt to make a quick buck. There are much better arguments for cryptocurrency. I happen to think they are generally overvalued and overhyped, but there is also real utility at the heart of it th…

Philosophically, I think there is something there. How do you create scarcity in a digital infinitely copyable world, without an authority figure. With baseball cards and pokemon cards, you can create artificial scarcity by only printing so many in a run. NFT scarcity is really no sillier than baseball card scarcity. The original creator says "this collection has x amount." What makes that matter is that they said so…

> How do you create scarcity in a digital infinitely copyable world, without an authority figure.

This is a problem created to fit the solution. Why in the name of God would anyone want to re-introduce scarcity into a post-scarcity space? Such a person is so narcissistic, so greedy, so sociopathic that they would deny others something they could have for nothing in order to enrich themselves. It is sickening.

> A game can go under, and a new game can pop up and respect the accumulated wealth of the community.

People keep saying this and it makes no goddamned sense. They didn't accumulate any wealth, they accumulated some entries in a database somewhere. A developer could even more easily just make a game that uses those assets without all the artificial scarcity.

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

#135

Post by bootlooped »

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…

That social contract is stored off-chain (if at all), and the work itself is stored off-chain. Combined with the fact that you can perfectly duplicate the thing that is stored on the blockchain and I think that all radically reduces the value proposition of NFTs.

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

#136

Post by kranke155 »

mc32 wrote: post #131
kranke155 wrote: post #121

Earlier quoted context omitted.

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”

What makes it a better solution than a donation button?

People didn’t use the donation buttons.

Now that you have a market for it, people use it. Something something human nature.

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

#137

Post by vmception »

blueski wrote: post #93
miracle2k wrote: post #72

Earlier quoted context omitted.

Yes, that is speculation. But there is also great art being sold that you may feel good about owning.

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?

When people say own, they are referring to current possession. This a colloquialism that does not distinguish the legal rights, surprising that this has to even be said but it keeps coming up exclusively in the NFT topic. Try not to overthink it?

An artist can attempt to additionally bundle explicit rights into an NFT transaction. Just like they can attempt to bundle a physically copyright assignment with a sale of physical art. But they don't, in either case, thats not how the market has formed. Its a very uncommon thing that also has nothing to do with the technology, but the technology can help it, its still not what people are doing.

"But I like physical things because theyre valuable to me because I can touch them and look at them without a computer", okay, there are multiple generations of people that don't care by now. Compare it to the digital things then.

These populations do care that their earned digital goods are arbitrary modifiable and revokable entries in a company database, and have different limits about how much money they put towards something like that, versus this format of possession.

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

#138

Post by 58x14 »

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…

Really have to challenge this comment.

"We're early" in the internet had the dotcom bubble, the development of mobile 3G infrastructure and devices, the advent of smartphones, the VC-fueled app craze, and then eventually, now. The innovation mostly occurred in certain geographical areas, under the control of a relatively small population, with global impact.

The progression of blockchain technology - and dare I say culture - is speedrunning the history of human communication, including currency. Mainstream attention is high, but not adoption of paramount fundamental tech like ENS for identity and reputation. I'm guessing critical mass sometime in the next 18-36 months.

I also worry you may be subject to observation bias and ensuing feedback loops; if you primarily encounter negative headlines around crypto, it reinforces your opinion. But there are treasure troves of data, assembled by tens of thousands of exceptionally talented engineers, researchers and philosophers, that are also available for your observation. I wonder, if you spent some time there, perhaps your opinions would be more plastic.

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

#139

Post by swalsh »

pyrale wrote: post #46
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…

I don't see how promoting artificial scarcity is going to become a good idea in a few years. Just because the implementation is shit nowadays doesn't mean we should be happy to see better implementations in the future.

NFT's aren't about artificial scarcity, they give owners rights. Being able to control a digital asset is important. Take the ENS (it's like a domian service). Having exclusive control over a domain is not scarcity, it's what makes it practical.

To get in the right mindset, you should stop thinking of NFT's as pictures. That's not the primary use case. It's a stupid game that became popular. NFT's are just tokens on the open blockchain that you can exclusively control.

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

#140

Post by kranke155 »

AnIdiotOnTheNet wrote: post #134
basch wrote: post #104

Earlier quoted context omitted.

Philosophically, I think there is something there. How do you create scarcity in a digital infinitely copyable world, without an authority figure. With baseball cards and pokemon cards, you can create artificial scarcity by only printing so many in a run. NFT scarcity is really no sillier than baseball card scarcity. The original creator says "this collection has x amount." What makes that matter is that they said so…

> How do you create scarcity in a digital infinitely copyable world, without an authority figure. This is a problem created to fit the solution. Why in the name of God would anyone want to re-introduce scarcity into a post-scarcity space? Such a person is so narcissistic, so greedy, so sociopathic that they would deny others something they could have for nothing in order to enrich themselves. It is sickening. > A gam…

Making closed source software is a way to create scarcity in a post scarcity space. Are you innocent of that too?
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