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

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

#171

Post by kranke155 »

AnIdiotOnTheNet wrote: post #154
kranke155 wrote: post #140

Earlier quoted context omitted.

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

Closed source software can still be copied, even if you charge money for it. I have never created any software that utilized any form of DRM. Hell, most of the code I write is public domain, making it even more free than most open source software. Besides, I'm not saying we shouldn't compensate creators. Unfortunately even though the digital world is post scarcity the one where our bodies reside is not and creators n…

So you agree that DRM is a way to enforce scarcity in a post scarcity world ?

Your words - my software can be copied even though I sell it.

exactly the same with NFTs.

My Digital art can be copied even though I sell it as an NFT.

NFTs don’t enforce scarcity at all, not of the artwork itself.

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

#172

Post by AnIdiotOnTheNet »

nradov wrote: post #55
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 agree NFTs are dumb, but some artists are getting paid huge amounts of real money for selling NFTs. If the artists can find suckers willing to pay then good for them. https://www.theverge.com/2021/3/11/22325054/beeple-christies...

Sure, that's fine enough if they're ok with being the kind of person who'd do that sort of thing. I'm not even going to make a big stink about how they probably shouldn't do that.

But when they come in here and try to tell us all how this incredible new technology is going to revolutionize the world, that's obvious bullshit.

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

#173

Post by AnIdiotOnTheNet »

kranke155 wrote: post #106
mc32 wrote: post #85

Earlier quoted context omitted.

To me NFTs are like selling “rights” to stars in galaxies far away. It’s nice that you can say you “own” your very own star as stipulated by the star rights granting corporation, but in reality it means nothing other than you can say so… but I can claim a million other stars without needing a corporation and no one can take them away from me but also anyone else can make a claim on the same stars.

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.

I can do that without "buying" a star. It is actually possible to just give money to people, NFTs didn't invent it.

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

#174

Post by blueski »

kranke155 wrote: post #144
blueski wrote: post #109

Earlier quoted context omitted.

I'd argue the exponential growth curves for Gmail, Maps, and Facebook (with no financial reward for the user) suggests there was a good appreciation of the utility. When will get an equivalent Web3 app that isn't predominantly driven by price speculation? What will this look like?

That’s not here yet but dapps do have millions of users already.

Which stand the best chance of going mainstream, with those who don't care about the underlying technology or price speculation?

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

#175

Post by slg »

basch wrote: post #152
slg wrote: post #143

Earlier quoted context omitted.

> How do you create scarcity in a digital infinitely copyable world Your premise rests on this question. My counter is what is the value in creating scarcity beyond just trying to make money? Your examples are about people investing in money and not losing those assets. Your experience example is not really digital scarcity if I understand your hypothetical correctly. It is about a real physical scarcity, the number…

>what is the value in creating scarcity beyond just trying to make money? Gameplay balancing. We've crossed a very blurred line of gaming, role play, and real life. Whos to say which is which anymore. I dont think profitability and production of gaming are mutually exclusive. Why cant game creators also make money for their work?

I guess I could have phrased that a little differently so you couldn't pull a quote out of context and miss my point regarding scarcity in a gaming context. In the context of games I was referring to decentralized scarcity. I can recognize the example of a game being better if not everyone has the same cards (but this is still financially motivated since Pokemon is a profit making endeavor). But in that context, what value does decentralization have? Why is decentralized Pokemon better than centralized Pokemon in a way that doesn't boil down to at least one of the parties having a financial interest in decentralization? The whole idea of "forking games" seems pointless to me. If there is demand for a fork, why wouldn't a different centralized version satisfy it? The only added value is the preservation of financial stake in the game. One again the idea of scarcity leads back to financial gain.

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

#176

Post by loceng »

andybak wrote: post #12
Kiro wrote: post #10

Earlier quoted context omitted.

They are not copies though. They are replicas. The original is still unique. You're buying an entry on the blockchain and the scarcity of that is real.

> 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.

This thread is the perfect example of a lack of grounded thinking in the Bitcoin/crypto community - a disconnect from practical reality.

I first noticed this incongruence with time tested business models when all Bitcoin related business plans/pitch decks, they'd never even list price comparisons as a competitive factor - arguably the #1 most important metric to address when wanting to disrupt an industry or model.

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

#177

Post by bootlooped »

angio wrote: post #45

Since they're minted from a different address than the original they're not a replica aren't they? They're a different token.

It's a different token, but I think the only difference is token id and creation time. In all other respects it's identical. It's like having two brand new dollar bills, but they have different serial numbers.

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

#178

Post by zepto »

solean wrote: post #86
simias wrote: post #52

Earlier quoted context omitted.

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…

"Remember dapps?" There are plenty of useful dapps that exist today.

Such as?

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

#179

Post by AnIdiotOnTheNet »

NelsonMinar wrote: post #150
Kiro wrote: post #10

Earlier quoted context omitted.

They are not copies though. They are replicas. The original is still unique. You're buying an entry on the blockchain and the scarcity of that is real.

I own the only unique real copy of c6922832e65b60ab8517d7c1c5fd5911. Its scarcity, too, is real.

Hey, I own 6dee29bc-8798-4560-ba13-de94bac69333! We should start a club.

https://news.ycombinator.com/item?id=29509473

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

#180

Post by zepto »

swalsh wrote: post #139
pyrale wrote: post #46

Earlier quoted context omitted.

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…

> they give owners rights

Generally not.

> NFT's are just tokens on the open blockchain that you can exclusively control.

Exactly this, and nothing more.

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