If only there was some sort of central authority to work out which NFT was the original one
NFT Replicas: An app to mint a replica of virtually any NFT
181–190 of 297 posts
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#182Earlier quoted context omitted.
>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…
How often do we see game servers shut down where the game isnt playable anymore? I think there is something cool about the accumulation of in game assets being in a persons personal owned wallet, and not an account on the game server. That dichotomy has consumer benefits.
A game company can disappear, and the players can pick right up where they left off, with a new game, remake, or a reverse engineered copy of the server.
Why cant financial gain be a PART of the whole? People can both collect pokemon cards, and play with them. It's not mutually exclusive that you have to declare youre one or the other. Although NFTs probably should include a "you opened the wrapper" function, to create additional scarcity as people destroy the value of their items by making them less digitally pristine.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#183Earlier quoted context omitted.
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 wh…
The stolen art thing is a problem screaming for a technical solution. Outside of that, 99% of the artist I know are super happy NFTs exist and they can make money out of them.
How many artists do you know?
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#184Earlier quoted context omitted.
You're buying an entry on the blockchain and the scarcity of that is real. Except that unlike the original object, or even a replica, "an entry on the blockchain" has -- no intrinsic value whatsoever. It's basically like you're buying the rights to a "Like" on that painting, or trading card, or whatever. Nothing more. My hunch though is that 90 percent of the people buying these things are utterly oblivious to this d…
I don't claim it has intrinsic value (what has?) but it's still scarce. There's one entry on the blockchain and it's unique, even if it's just a number and a trace to the original wallet. I also don't disagree with your second paragraph.
I don't claim it has intrinsic value (what has?)
Gosh, I don't know -- a loaf of bread? A shiny new car?
Do you understand the meaning of the word, actually?
But it's still scarce.
So what?
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#185Earlier quoted context omitted.
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
The remarkable thing about artisanal integers is there's an infinite number of them and yet each one is a beautiful hand-crafted keepsake. http://www.neverendingbooks.org/artisanal-integers
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#186Earlier 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.
I'm a hobbyist photographer. I have been publishing my photographs to unsplash for the last 4 years. I have over 100 photos on Adobe contributor. The former has delivered me ZERO inbound or monetary value, just over 3 million downloads of my work. The latter has given me returns I could buy coffee with. NFTs open a new World of opportunity for me. Not only can other humans easily collect, and compensate me for my wor…
What led you to make your photos available under a free sharing license, if you were expecting returns?
> Not only can other humans easily collect, and compensate me for my work
They could have done it before, what makes you think this technical change will make people want to fund artists more, beyond a momentary financial mania?
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#187Earlier 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.
Not sure what you're saying here but if you put c6922832e65b60ab8517d7c1c5fd5911 as a token on the blockchain there will indeed only be one with only one owner (you). The uniqueness is that it was minted by your wallet. There cannot be another entry like that.
NFTs are mostly just that. An ID minted by Wallet X which itself is unique and the social contract gives it a value. That's it.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#188Earlier quoted context omitted.
I think NFTs are bullshit, but I don't think the "And more than one receipt can be minted for that card" is as much of a problem as people think it is. For example, it wouldn't be hard for an artist to publish a video saying "Hey folks, this is my public key, and these are the NFTs for these pieces of art", and then publish that video in multiple forums like Twitter, YouTube, etc. Then if someone tried to come up wit…
An artist can create as many instances of an NFT as they want, even after selling "number 1". It's not malicious, it's a feature of the platform.
Indeed, this also happens in the physical world. Many artists create multiple, individually numbered prints/copies of their artwork.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#189Earlier quoted context omitted.
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…
Limiting ourselves to the digital world - does ownership of an NFT give me any more rights to experience or enjoy a piece of work than a non-owner? If someone else wanted to use my Bored Ape as their Twitter photo, could I stop them?
Yes, it does. Bored Ape Yacht Club (BAYC), for example, has physical clubs and events that require users to prove provenance for access. This means signing an address that is a current owner, and applies to both physical and digital access of tertiary goods and services. Signing an address proves access to that address and means they have the private key to move everything.
The "right click and save as" "screenshot" and "twitter photo" people would not have access. Even the replicants discussed in the OP here would not have access.
Additionally, many popular NFTs, like BAYC, get airdropped many things for attention, some of which have varying degrees of value, or BAYC may be the only ones available to mint another new NFT being dropped. This would be enforced at the code or smart contract level. It is common for many less valuable or otherwise uninteresting NFTs to partner up and collaborate with other NFTs to make this chain of communities. Sometimes that results in some level of value. By common, I mean over the last 5 months in the NFT space. This concept has pre-dated NFT related things, and some of my best trades have been from either receiving airdrops or claiming things that went on to have a lot of value. But I really like some of the worthless things I've claimed too.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#190Earlier quoted context omitted.
The stolen art thing is a problem screaming for a technical solution. Outside of that, 99% of the artist I know are super happy NFTs exist and they can make money out of them.
How many artists do you know?
Quite a few since I’m a digital artist myself.