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

Post by NelsonMinar » Thu, Dec 23, 2021, 5:53 PM UTC

blueski wrote: post #34

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…

Post by karmakaze » Thu, Dec 23, 2021, 5:53 PM UTC

joshmarlow wrote: post #58

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 have pretty mixed feelings about NFTs in general. But I am intrigued by the use case of allowing a large number of individuals to patron a given artist (and give them recurring income on subsequent resale of their work). All else being equal, I would prefer to live in a society where artists and other makers have time to follow their passion and create instead of spending their time on some job just to pay the bill…

Post by pg5 » Thu, Dec 23, 2021, 5:55 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…

Post by blueski » Thu, Dec 23, 2021, 5:55 PM UTC

vmception wrote: post #137

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?

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 p…

Post by exdsq » Thu, Dec 23, 2021, 5:57 PM UTC

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…