Re:The company behind the NBA’s NFTs is valued at $2.6b
by jonathankoren on Tuesday March 30, 2021 @01:32PM
(#26637586)
But the ledger is meaningless. You make 10 copies of a PNG and put them on a blockchain to sell them, nothing prevents me from making a million identical copies of that PNG and give them for free. It’s not even counterfeit. They’re the exact same item. NFTs aren’t even DRM.
Even if you wanted to keep track of who “owned” something, what does blockchain provide that a relational database doesn’t? Commit privileges on a GitHub repo have more real world impacts than who “owns” a no exclusive link to a URL (not even the domain or content hosted on the domain!), but that’s managed through an database.
Re:The company behind the NBA’s NFTs is valued at $2.6b
by waynesonfire on Tuesday March 30, 2021 @01:44PM
(#26637766)
I could careless that it's on a blockchain. In fact, I suspect the ledger that wins won't be. The claim I was making is that it doesn't matter whether it's a crypto-ledger or a central DB. The winner is the solution with the strongest network. I wouldn't be surprised if FB got into this space.
Re:The company behind the NBA’s NFTs is valued at $2.6b
by jonathankoren on Tuesday March 30, 2021 @04:20PM
(#26639904)
My point is even more meta. A ledger — of any type — is completely meaningless without access controls on reads. It’s the ACL that ensures rarity and “ownership.
Re:The company behind the NBA’s NFTs is valued at $2.6b
by waynesonfire on Tuesday March 30, 2021 @05:24PM
(#26640741)
I don't follow. Why?
Re:The company behind the NBA’s NFTs is valued at $2.6b
by ryandvm on Tuesday March 30, 2021 @07:14PM
(#26641712)
Because who gives a shit if I own a
rare waynesonfire PNG if literally anyone in the world can access it?
Re:The company behind the NBA’s NFTs is valued at $2.6b
by usehackernews on Tuesday March 30, 2021 @10:43PM
(#26642967)
Anyone can print out a picture of the Mona Lisa. Yet, millions go and visit it.
Notice how you used the term ‘access’ instead of ‘own’ at the end of your question? Sure, anyone can access it, only you can own it. That’s why people give a shit.
Re:The company behind the NBA’s NFTs is valued at $2.6b
by briangerman on Tuesday March 30, 2021 @02:25PM
(#26638335)
So wait we could potentially disrupt the NFT by adding a primitive form of DRM?
Re:The company behind the NBA’s NFTs is valued at $2.6b
by ChainOfFools on Tuesday March 30, 2021 @02:58PM
(#26638806)
it did exist before. rarepepewallet, though amateurish in its UI and full of unserious and borderline offensive memery, was (maybe still is?) an NFT platform years before the term existed. In some ways is more fully realized for the purpose of trading unique token indexes than most of what goes by the name NFT presently.
Like, if I make waynesonfire collectable cards, and I produce 10 of them, I'd make a paper certificate or something and maybe announce that I've made 10. I wouldn't know who owns them. However, computers can keep track of that now. That's great.
The question is, does this require a distributed ledger to operate? Maybe.. but, if I was waynesonfire card maker and was popular, I'd be very interested in creating and operating a ledger. This ecosystem seems VERY similar to social media, the ledger with the strongest network will win and there will probably be just a handful of them.