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Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by theonlybutlet on Saturday February 12, 2022 @09:51AM (#30313208)
Little point in an NFT if it's the legal system protecting you, the downfall of NFT's, it serves little purpose. I mean Shutterstock has been around for ages.
Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by stjohnswarts on Saturday February 12, 2022 @10:09AM (#30313328)
Yeah, really no more valuable than a dead tree format certificate with an artists' signature of authenticity on it. Much like that not worth the paper it's printed on if so one isn't enforcing it or a very large body of people agree "that's the one"
Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by miracle2k on Saturday February 12, 2022 @11:00AM (#30313741)
Yes, its exactly like that - and that's fine. That is how they are designed and intended.
Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by obiefernandez on Saturday February 12, 2022 @10:09AM (#30313329)
NFT provides publicly verifiable record of ownership and limited edition-ness (aka scarcity), which has the side effect of making buyers treat digital files like tangible items.

All the decentralized posturing and politics is a distraction from actual entrepreneurs building actual real-world applications, using NFT in the same way you use SQL or HTTP

Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by m12k on Saturday February 12, 2022 @10:15AM (#30313380)
>NFT provides publicly verifiable record of ownership and limited edition-ness (aka scarcity)

Could you explain how the NFT provides the latter? Because it sounds like that's what your contract process and legal assurances ensure - those aren't happening on the blockchain, are they?

Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by obiefernandez on Saturday February 12, 2022 @10:21AM (#30313433)
I’m not referring to ownership of the underlying copyright. I’m referring to ownership of the limited edition good! Works really well for that.
Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by m12k on Sunday February 13, 2022 @01:47AM (#30319825)
Right, I was asking about the other half of your claim: How does the NFT provide proof of the "limited edition-ness (aka scarcity)" of the good that it provides proof of ownership for? I don't see how the NFT or blockchain allows you to verify that - as far as I can tell, that must always be a matter of trusting your company, and the process it has in place before minting things, to ensure no duplicates are ever made.
Re:NFT marketplace shuts, citing 'rampant' fakes, plagiarism... by 88913527 on Saturday February 12, 2022 @10:43AM (#30313590)
A digital file isn't scarce. I can make as many copies as I want.