271–280 of 297 posts
Earlier quoted context omitted.
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?
What about keybase? Have people figured this out in a decentralized way?
some of the cc0 licensed NFTs encourage replicas :) nouns.wtf
So much hate for a data structure.
Snake oil by itself is just a phoney medicine, but when it is sold onlookers may be angry.
Earlier quoted context omitted.
Partially agree - but people have been excited about e.g. smart contracts for the last ~5 years, yet which consumer or B2B apps are using them now? When Web2 came along, Gmail, Maps and Facebook were immediately exciting and obviously better than what came before. How much longer do we need to wait for those Web3 killer apps, that appeal to users who aren't purely in it for token price speculation?
When Gmail came along, like a decade after the web started getting popular, there were countless people, very much like you now, telling everybody how much better their desktop email app was. Nfts may or may not be the blockchain's killer app (I think they are), but the average person's track record identifying a technology's killer app is a tad less than perfect
How is a bit of data on a blockchain pointing to a URI a breakthrough? It's utterly ineffective at proving ownership of anything, since the data at the uri can be changed, or more likely - the entire server will disappear at some point in time. And then what about uris on the blockchain pointing to illegal material (things that are actually copyrighted by someone through the legal system, CP, etc)?
Obviously storing actual data on-chain is too costly as well (both financially on the large chains, and practically/environmentally on any of them).
Everyone I know who's into NFTs and crypto was a con artist before blockchain and they'll be con artists after. Wait until I tell you about the drug addict scammers I know that started a crypto coin of their own and got a friend who knows literally nothing about crypto to write their whitepaper.
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).
/* FYI, the down arrow is not an indication of agreement, it is an indication of quality. If you disagree with me, at least have the common courtesy to comment. */ It's a shame the acronym NFT has become synonymous with digital images. As a concept it's a huge idea with so much potential. The issue is people now hear NFT, and their mind shuts down thinking it's some stupid monkey picture thing. Everything you can do…
That's just it. I do trust the bank. The bank has stood for several human lifetimes (might have changed names, but the same bank). They have overwhelmingly served people reliably. The deposits are insured by the government that has stood for several human lifetimes. They are accountable legally and practically. Bad transactions can be reversed thanks to the trusted processors, banks, and government.
> We're pretty far into this Web 2.0 experiment with centralized services. The experiment is over, the results are in. We can't trust them.
What on earth are you talking about? I've never had money taken from my bank account without my permission. Those few cases of fraud I've experienced have been detected and resolved swiftly, with little activity required from me.
Meanwhile with a blockchain you have to trust the majority of unknown actors. People I don't know, from states where theft of my money might go unprosecuted, if the actor can even be detected. Bad transactions cannot be reversed. Fraud? I'm SOL. And then there's the fact that crypto enables ransomware. And the environmental costs. Absurd.
> What NFT's give us, is the ability to own a unique digital assets in an open system and not have to rely on ad driven business models. It's a digital asset which can be ANYTHING.
We already have this in the US and other nations, it's called copyright, and the courts will enforce it as well as they can. NFTs do not provide an enforcement mechanism, they still rely on the legal system, and a pointer to a uri does not prove what object was originally at that uri.
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…
Interesting way to describe a computer as a append-only database
With enough spin you can make everything sound revolutionary. Smart contracts are effectively like stored procedures, just ridiculously wasteful.
Earlier quoted context omitted.
Alright. I take it you don't want to discuss this seriously.
My number is owned by me. I have signed it and everything. If someone agrees to buy it from me I will use the same public key to sign the transfer. Would you like to buy it? It's a UUID, so it is guaranteed to be unique.
Earlier quoted context omitted.
Band sells tickets via platform A. I buy ticket, I no longer want ticket, I sell it back to platform A which makes it available to you to purchase. They can also have a feature which allows specific person to person transfers if I want to give it to a friend. This is all technologically possible. The reason platforms usually do not let you do this is due to business requirements. Why would the business switch to a pl…
Woah, who mentioned I wanted businesses to introduce these features? Of course it makes no sense to them. I’m saying we can get rid of them altogether as the majority of their work can be replicated. Up until now it’s been difficult to do this because the prohibitive cost of centralized services - with Web3 you have all these building blocks available without a high cost central party managing databases, cloud costs,…
Crypto posts always take every problem as a technical problem without understanding that there are very few technical problems but intentional business restrictions. Those businesses have no incentives to move to a platform which takes this power out of their hands.
There is nothing stopping ticket sellers from allowing refunds on tickets which put the tickets back in to the available pool to buy again.
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…
It’s sort of the same, but what I don’t get is how things like that rainbow cat and other famous internet pictures are NFTs. I mean, if the picture was around for twenty years before it became a NFT, then how is the NFT the “original”. Going that line of thought, what happens if two people make the same picture into a NFT?
Anyone can make an NFT of Nyan cat. That doesn't give it value.
If the original creator of Nyan cat creates an NFT of it, and only one NFT, suddenly it has a ton of value.
Earlier quoted context omitted.
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…
NFTs are not about giving, they're about having.
Artificial scarcity--having something others can't.