On the Impending Deletion of Charlie Bit My Finger

Re:On the Impending Deletion of Charlie Bit My Finger by ed25519FUUU on Thursday May 27, 2021 @10:48AM (#27303805)

The incongruence of NFTs is they basically require the state to strongly enforce copyright claim to actually have any value outside of bragging rights. A state with rigid, strong copyright enforcement is not something I personally value, and doesn’t seem to be the sentiment of people buying and selling these NFTs, so bragging rights it is?

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Re:On the Impending Deletion of Charlie Bit My Finger by doggodaddo78 on Thursday May 27, 2021 @10:59AM (#27303921)

That's the thing. I don't see how selling an NFT alone is functionally any different than selling a copy of the SHA3 of a digital artifact: something anyone can do.

To me, it's reducible to the equivalent of a seller saying "I will sell you the answer to 1 + 2." That seems inherently worthless.

It's only worthwhile if rich idiots are trading these mathematical answers around like baseball cards. But then, I don't see how they can "own" them if they or anyone can just make infinite copies of them when/if they ever have access to the "private key" material.

Ownership of the underlying digital asset doesn't make sense either. Again, there don't seem to be obvious legal or technical protections to stop anyone from making copies.

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Re:On the Impending Deletion of Charlie Bit My Finger by asddubs on Thursday May 27, 2021 @11:12AM (#27304068)

it's just a new and exciting way of money laundering, much like real art

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Re:On the Impending Deletion of Charlie Bit My Finger by doggodaddo78 on Thursday May 27, 2021 @11:52AM (#27304510)

You can't see me in my ninja outfit furiously rolling-up the Mona Lisa into a floatable titanium tube to be sealed in a salt-plugged chamber hidden on the side of my speedy, automated, self-sufficient, 150 M super-yacht. Nothing to see here. Move along. <-- The gist of what's happening but without the actual "Mona Lisa."

Yup. Effectively, printing their own currency of large denominations and trading in real money for them. Which then reduces to people stuffing real money into ever smaller suitcases for exfil and cleaning, regardless if they're new shiny thing dabblers, corporate pirates, actual pirates, or drug dealers.

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Re:On the Impending Deletion of Charlie Bit My Finger by Buttons840 on Thursday May 27, 2021 @02:26PM (#27306364)

Or worse, NFTs work best in a future distopia where general purpose computing doesn't exist. Let's get excited for that, yeah?

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