Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by tablespoon on Monday October 18, 2021 @01:48AM (#28902612)

> Twitter is adding ownership verification for NFT profile pictures.

Then what if someone mints new NFTs based on (say) the same images used for the cryptopunks cartoons?

You could get your extremely online bragging rights for an affordable price.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by altrum on Monday October 18, 2021 @02:32AM (#28902808)

Except you can't, practically speaking--as the price is baked into the "brand".

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by graeme on Monday October 18, 2021 @02:58AM (#28902928)

But you’d get twitter verification. Or will twitter only recognize one chain for NFTs?

How do you handle someone minting multiple nfts of the same image on different chains?

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by altrum on Monday October 18, 2021 @04:07AM (#28903243)

Twitter, if they build their verification correctly, should determine NFT's sovereignty via the smart contracts, not the chains. Thus, CryptoPunks will only exist on one chain & one smart contract.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by graeme on Monday October 18, 2021 @12:47PM (#28907612)

But what stops someone from minting the same jpegs elsewhere? Possible there is some mechanism I’m unaware of

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by altrum on Tuesday October 19, 2021 @01:52AM (#28915248)

My thesis on this revolves around the idea of "brands." I wrote about it more in depth here: https://www.robertchung.me/people-dont-understand-nfts

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