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NFTs Are a Dangerous Trap

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Re: NFTs Are a Dangerous Trap

#781

Post by qqii »

TeMPOraL wrote: post #409
qqii wrote: post #402

Earlier quoted context omitted.

Why would that be so? My understanding is that they want to discourage scalping. Digital tickets tied to digital identities that can only be transfered at market price. That's not a difficult smart contact to create.

Scalping is also selling tickets at market price - after first making sure the market price is a big multiple of what it was before scalpers got to work.

If I wasn't clear, the market price is just a variable that could be set. If they wanted they could set this at the initial sale price.

Re: NFTs Are a Dangerous Trap

#782

Post by arcticbull »

chaostheory wrote: post #780
arcticbull wrote: post #777

Earlier quoted context omitted.

To date? A scalable payment network with low transaction fees and a small environmental footprint.

That’s a bit disingenuous. Ethereum isn’t as static as bitcoin; they’ve been making steady progress. Proof of stake also has started rolling out already

The question as I interpreted it is "what has he not yet delivered on" - not "what has he promised to deliver on and appears to be making progress on, and has started rolling out, but is not yet broadly available" :)

Re: NFTs Are a Dangerous Trap

#783

Post by Bayart »

snarf21 wrote: post #761
Bayart wrote: post #740

Earlier quoted context omitted.

What's nonsense is dismissing the idea and the work that's been done because there are people looking for a cash grab. Following from that logic, you should throw your routeur in the garbage dump. After all, the early days of the Internet were filled with shady companies selling buzzwords. So the Internet is by essence trash, right ? NFTs are revolutionary for digital assets and allow for something beyond the world o…

I think you have my comments out of context but to each their own. Do you believe in NFTs enough to put your entire net worth in them? I don't see this current pump and dump ending any better than CryptoKitties but I guess time will tell for sure.

I wouldn't put my wealth into NFTs any more than I would into Magic The Gathering cards, sports memorabilia or any other collectibles. But that's the point. If you do put your money into it, it's dissociated from central control, online services that might go belly up at any moment and so on. It completely solves the problem of never really owning anything online (software licences, items in video games and so on).

Fads like CryptoKitties are completely irrelevant to the core tech, just like Bitcoin is in the grand scheme of things irrelevant to the potential of block chains.

Re: NFTs Are a Dangerous Trap

#784

Post by chaostheory »

arcticbull wrote: post #782
chaostheory wrote: post #780

Earlier quoted context omitted.

That’s a bit disingenuous. Ethereum isn’t as static as bitcoin; they’ve been making steady progress. Proof of stake also has started rolling out already

The question as I interpreted it is "what has he not yet delivered on" - not "what has he promised to deliver on and appears to be making progress on, and has started rolling out, but is not yet broadly available" :)

Yes, let's rely on word play to make it seem that ethereum isn't being actively upgraded as we speak ;)

Kidding aside, I would think that most people understand "what has he not yet delivered on" as "he's completely broken his promise and he's no longer working on it". I didn't have a "yet" in that sentence.

Re: NFTs Are a Dangerous Trap

#785

Post by arcticbull »

chaostheory wrote: post #784
arcticbull wrote: post #782

Earlier quoted context omitted.

The question as I interpreted it is "what has he not yet delivered on" - not "what has he promised to deliver on and appears to be making progress on, and has started rolling out, but is not yet broadly available" :)

Yes, let's rely on word play to make it seem that ethereum isn't being actively upgraded as we speak ;) Kidding aside, I would think that most people understand "what has he not yet delivered on" as "he's completely broken his promise and he's no longer working on it". I didn't have a "yet" in that sentence.

Your point is well taken :)

Re: NFTs Are a Dangerous Trap

#786

Post by exporectomy »

mrborgen wrote: post #240
exporectomy wrote: post #223

Earlier quoted context omitted.

If the artist sells the same exclusive right to two people, he's committing fraud and could do that without NFTs.

Yes, indeed. My question is if the NFT will be treated as a valid proof of ownership in a legal battle. I’m guessing it would hold some validity, but lose against a well-written sales contract.

You're either transferring ownership of the copyright or not. Hopefully that's clear when they're traded otherwise neither party will have any idea if they're getting completely ripped off or not. If it's not clear then you probably aren't. Though, some countries' copyright laws allow ownership to be transferred without being explicit about it through the (imo yucky) commissioned work exception.
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