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Re:Charlie Bit My Finger video to be taken off YouTube after... by basch on Tuesday May 25, 2021 @03:04PM (#27280980)
What would happen if you tried to sell imitation autographs, labeled as such? Im guessing there would be no market, unless you yourself were famous.
Re:Charlie Bit My Finger video to be taken off YouTube after... by Tabular-Iceberg on Tuesday May 25, 2021 @03:14PM (#27281144)
The difference is that a facsimile autograph would inevitably be of worse quality. The phony NFT on the other hand would be indistinguishable from "the real thing". Beyond the payload it's just pseudo-random bits generated by an arbitrary CPU, isn't it?
Re:Charlie Bit My Finger video to be taken off YouTube after... by basch on Tuesday May 25, 2021 @04:22PM (#27282094)
> indistinguishable

I am not sure what you mean by this. Are you referring to art being duplicated, or a digital signature? You can verify that its a forgery, or from a different account than the first author. The digital signature isnt something you can replicate. You can print another one, but you cant duplicate the property of "first" itself.

Re:Charlie Bit My Finger video to be taken off YouTube after... by Tabular-Iceberg on Tuesday May 25, 2021 @05:30PM (#27282942)
I can't replicate the exact numbers, but I don't see how one random string looks more authentic than the other. Whereas a handmade autograph with all its human inconsistencies looks more authentic than one made with a mechanical device.

I'm just as good as the most accomplished artist at reading numbers from /dev/random, that's why I don't see why one random-looking string would be more valuable than the other.

Re:Charlie Bit My Finger video to be taken off YouTube after... by basch on Tuesday May 25, 2021 @05:39PM (#27283048)
Because it's timestamped earlier, or its proven to have been generated by a person who exclusively had a certain private key.
Re:Charlie Bit My Finger video to be taken off YouTube after... by Tabular-Iceberg on Tuesday May 25, 2021 @06:27PM (#27283542)
> Because it's timestamped earlier

That depends on who thought of making the NFT first. Which isn't necessarily the artist.

> or its proven to have been generated by a person who exclusively had a certain private key

That has the same problem, it's generated by arbitrary pseudo-random numbers, rather than a real, living human hand. Look, I'm not disputing the underlying cryptographic principles. I'm happy they exist, because they are immensely useful for many purposes, like securing communication and financial transactions. I just struggle to see the artistic merit in someone having pulled some numbers out of /dev/random and having done some math on them.

Re:Charlie Bit My Finger video to be taken off YouTube after... by basch on Tuesday May 25, 2021 @08:00PM (#27284436)
It’s not artistic merit. It’s artificial scarcity. It’s printing only five of a rookie baseball card because you can.
Re:Charlie Bit My Finger video to be taken off YouTube after... by mattdesl on Tuesday May 25, 2021 @07:18PM (#27284037)
The NFT is not the image/media - it is the transaction securing a relationship and/or movement of tokens from the artists wallet to the buyers wallet (which may or may not point to a file hash, or some other data).

The authenticity of this is easily verified by querying the transaction directly from the on-chain smart contract.

Re:Charlie Bit My Finger video to be taken off YouTube after... by jallen_dot_dev on Tuesday May 25, 2021 @07:53PM (#27284374)
How do you verify the person in control of the "artists wallet" is actually the person who created the work (or is authorized by them to create the NFT)?
Re:Charlie Bit My Finger video to be taken off YouTube after... by mattdesl on Wednesday May 26, 2021 @03:23AM (#27287419)
The artist needs to confirm this. For example, many artists selling on Hicetnunc[1] will put their Tezos wallet address as a link in their Twitter bio. If you spot an artwork that looks like theirs minted by a different address, it’s likely a “copymint” (typically seen as worth no value).

There are other blockchain/crypto art projects that use the chain itself to store data; such as Autoglyphs[2], which is essentially a first of its kind generative artwork on Ethereum coded entirely within the Solidity smart contract. In this case there is no question about the authenticity; you simply look at that contract address and the tokens it initiated.

[1] - https://hicetnunc.xyz/

[2] - https://www.larvalabs.com/autoglyphs