“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs

Re:“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ ... by tomp on Saturday November 20, 2021 @09:12AM (#29288222)

Moon Shares were legal ownership over particular tokens that signified (but not enforce in any legal way) ownership of land on the moon. Just like NFTs are legal ownership over particular tokens that signify (but not enforce in any legal way) ownership of JPEGs.

[ Parent | on HN ]

Re:“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ ... by imgabe on Saturday November 20, 2021 @09:20AM (#29288280)

The JPEG is incidental. What you own is the token. You don't need the legal system to enforce your ownership of it because it is essentially impossible for anyone else to assert ownership of it without your private keys.

But whatever, think whatever you want. Just know that you're the guy in 1995 ranting about how this silly Internet fad is just something nerds waste time with.

[ Parent | on HN ]

Re:“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ ... by tomp on Saturday November 20, 2021 @09:32AM (#29288392)

Owning the token representing a claim on a JPEG is equivalent to owning the token representing a claim on moon land.

In 1995 most of the uses of the internet were stupid. Eventually, they became useful. Hopefully the same happens with crypto

[ Parent | on HN ]

Re:“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ ... by imgabe on Saturday November 20, 2021 @09:44AM (#29288495)

Is it really equivalent? Are you sure you can't think of any differences between a JPEG and a piece of land?

[ Parent | on HN ]