Re:Cryptoland [video]
by pcwalton on Sunday January 09, 2022 @04:38PM
(#29867568)
Or just straight-up stolen art. For every one artist selling NFTs of their own art, there are easily five NFTs sold by fraudsters misrepresenting themselves to have to right to do so.
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Re:Cryptoland [video]
by stjohnswarts on Sunday January 09, 2022 @06:31PM
(#29868578)
I'm starting to wonder if we won't eventually go back to "this NFT certified by Christies of New York" otherwise they are basically all worth 0.000000000000000000000000000000000000000000000000000000001 BTC
Perhaps a sort of trusted authority could validate that...
So, why would you need all the crypto if an authority provides you the value?
One day people will get that crypto is an implementation detail raised to a cargocult status.
That's what I was hinting at
Re:Cryptoland [video]
by marginalia_nu on Sunday January 09, 2022 @05:36PM
(#29868039)
Wasn't this the literally exact thing NFTs was supposed to prevent?
Yet nothing in NFT's prevent it. Even if every artist minted everything they ever post as an NFT it would not prevent it.
At most there would be a "first to file" authenthicity mechanism in the NFT storefronts like OpenSea.
Re:Cryptoland [video]
by benhurmarcel on Monday January 10, 2022 @04:42PM
(#29883057)
> At most there would be a "first to file" authenthicity mechanism in the NFT storefronts like OpenSea.
Just alter a pixel or put a minor filter, you’re good to go.
If you have the artist's address you can always check that the NFT originated from them. I don't even understand why anyone (mostly non-crypto people) would think it prevents copy pasting.
No, NFTs serve no purpose. As far as use-cases go, they have none.
To be fair, they do actually have some, but all of those can be better served without a blockchain, which as implemented doesn't even help with decentralization, let alone other claimed things.
Well, unless you count market speculation - that's what NFTs currently excel at.