4 ms·

NFTs, the new way to spin a copyright or incorporate into DRMs, but since it pumps and is bullish for crypto, all cool kids are lovin it.

friedman23 6y ago
This is a complete misunderstanding of what an NFT does. The content isn't protected by the NFT, ownership is.
- purple_ferret 6y ago
  I know what an NFT does. It doesn't even give you ownership on anything other than a blockchain print. To me, the logical conclusion of this is copyright protection, where, say, an eventual platform only plays content where the player can only be verified as the owner.
  - throwaway_kufu 6y ago
    > It doesn't even give you ownership on anything other than a blockchain print. I’m pretty sure my domain name NFTs give some ownership rights you are overlooking.
    - growse 6y ago
      What if someone in a similar position to you sold a domain name they 'owned' to someone else off-blockchain? Where would the rights sit then?
      - throwaway_kufu 6y ago
        It’s to much of a hypothetical but in general it would be the same as being the registered owner of a domain name and selling/leasing it direct to someone. In other words if I own abc.eth and abc.com and sell them both to you directly but I keep the abc.eth NFT and keep abc.com, then you could still bring me to court to enforce our agreement
- smt88 6y ago
  Neither the content nor the ownership is protected by the NFT. The NFT has literally no connection to the content at all, except that someone said, "Hey, buy this and you own the 'original'!" Except in all things digital, "original" means absolutely nothing. There's a guy who has been selling property on the moon[1]. This is exactly the same thing. 1. https://www.usnews.com/news/articles/2013/03/25/meet-the-man-who-owns-the-moon https://www.usnews.com/news/articles/2013/03/25/meet-the-man...
  - soulofmischief 6y ago
    People are attempting to create a new world so scary and different to what you know, that it seems insane and completely off base. But we know what we're doing. We know this is leading to the future of a world where artists and fans can take back and redefine ownership. It doesn't matter what you think ownership is. We're redefining it. :) See you on the other side.
    - 90minuteAPI 6y ago
      Cramming the concept of ownership into another post-scarcity environment is hardly redefining it.
    - lottin 6y ago
      Talk about delusions of grandeur.
    - smt88 6y ago
      There is no substance to your reply, so I can't even refute it. It sounds like something copy/pasted from a crypto startup's landing page.
      - soulofmischief 6y ago
        I'm just being terse. Happy to expand but it seems the sentiment is not well received here.
  - rhn_mk1 6y ago
- quickthrower2 6y ago
  It’s like owning a shitcoin with tokenomics of 1 coin premined, no future coins and zero decimal places.

friedman23 6y ago

This is a complete misunderstanding of what an NFT does. The content isn't protected by the NFT, ownership is.

purple_ferret 6y ago
I know what an NFT does. It doesn't even give you ownership on anything other than a blockchain print. To me, the logical conclusion of this is copyright protection, where, say, an eventual platform only plays content where the player can only be verified as the owner.
- throwaway_kufu 6y ago
  > It doesn't even give you ownership on anything other than a blockchain print. I’m pretty sure my domain name NFTs give some ownership rights you are overlooking.
  - growse 6y ago
    What if someone in a similar position to you sold a domain name they 'owned' to someone else off-blockchain? Where would the rights sit then?
    - throwaway_kufu 6y ago
      It’s to much of a hypothetical but in general it would be the same as being the registered owner of a domain name and selling/leasing it direct to someone. In other words if I own abc.eth and abc.com and sell them both to you directly but I keep the abc.eth NFT and keep abc.com, then you could still bring me to court to enforce our agreement
smt88 6y ago
Neither the content nor the ownership is protected by the NFT. The NFT has literally no connection to the content at all, except that someone said, "Hey, buy this and you own the 'original'!" Except in all things digital, "original" means absolutely nothing. There's a guy who has been selling property on the moon[1]. This is exactly the same thing. 1. https://www.usnews.com/news/articles/2013/03/25/meet-the-man-who-owns-the-moon https://www.usnews.com/news/articles/2013/03/25/meet-the-man...
- soulofmischief 6y ago
  People are attempting to create a new world so scary and different to what you know, that it seems insane and completely off base. But we know what we're doing. We know this is leading to the future of a world where artists and fans can take back and redefine ownership. It doesn't matter what you think ownership is. We're redefining it. :) See you on the other side.
  - 90minuteAPI 6y ago
    Cramming the concept of ownership into another post-scarcity environment is hardly redefining it.
  - lottin 6y ago
    Talk about delusions of grandeur.
  - smt88 6y ago
    There is no substance to your reply, so I can't even refute it. It sounds like something copy/pasted from a crypto startup's landing page.
    - soulofmischief 6y ago
      I'm just being terse. Happy to expand but it seems the sentiment is not well received here.
- rhn_mk1 6y ago
quickthrower2 6y ago
It’s like owning a shitcoin with tokenomics of 1 coin premined, no future coins and zero decimal places.