News for hackers. Stuff that matters.
Re:Why NFTs are bad: the long version by hartator on Friday November 19, 2021 @02:59PM (#29281579)
> No one claims NFT proves ownership of entities outside of the used blockchain. But within the chosen blockchain, they do prove ownership of that particular NFT. That's a fact.

Is it a fact? You can just fork the full cryptopunk blockchain and reassign tokens whichever way you want. And we're just back at the exact same issue to have to go regular contracts and courts if you want to enforce ownership or legitimacy of the actual blockchain.

Re:Why NFTs are bad: the long version by capableweb on Friday November 19, 2021 @04:45PM (#29282965)
Yes, because if you understand forks, you'll understand that just because you fork something doesn't mean that you are now the thing you were forking. Instead, you're a new incarnation of the thing you forked.

For example, if someone forked ffmpeg and started making their own improvements on top of that fork without contributing back the changes, that is now something else than ffmpeg, while ffmpeg still remains ffmpeg.

Re:Why NFTs are bad: the long version by hartator on Friday November 19, 2021 @05:23PM (#29283368)
> that is now something else than ffmpeg, while ffmpeg still remains ffmpeg.

Except that I can't call my ffmpeg, ffmpeg; because of the trademark. Whereas I can call my crytopunk, crytopunk. And if crytopunk has to register a trademark to defend it, it defeats the whole purpose of NFT as we are back to our regular court system.

Re:Why NFTs are bad: the long version by capableweb on Saturday November 20, 2021 @05:16AM (#29286848)
I'm not talking about the name "ffmpeg" specifically, but the project itself. You can call your project the same as what you forked, but if it's on your own forked chain, it's not the same project.