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> ... but Jeff Bezos would have a much harder time doing the same? I question that assumption. Let's keep in mind that we have already accepted that URLs point
by timoth3y 6y ago
> ... but Jeff Bezos would have a much harder time doing the same?
I question that assumption. Let's keep in mind that we have already accepted that URLs pointing to a video or jpeg become valuable once they are put on a blockchain. So let's keep an open mind here.
NFTs have value because people believe they have value, and people currently believe they have value because a lot of people are telling good stories about why the should.
So, while Jeff could not sell Elon's tweet while claiming to the Elon, he could easily sell it by telling a different story. The more attention-getting the better.
He could easily sell it is part of his limited collection of "!00 stupidest tweets of all time" or something like that.
The hype-machine would kick in and everyone would want to "own a part of it."
- thefourthchime 6y agoOh I bet Jeff could sell a tweet from Elon, it just won't got for as much.
- tehlike 6y agoyou have no idea. justin sun seems to have infinite <stup...> ehem money.
- strogonoff 6y agoJeff (or anyone else) could easily sell Elon’s tweet by pretending to be Elon, just like the other day someone was pretending to be Simon Stålenhag to sell his art as NFT. (This hypothetical scenario works best if impersonation target is not aware of or not inclined to engage with NFTs, of course.)
- capableweb 6y agoThis wouldn't work at all. Who buys something from ebay that is made by "ElonMusk534" without looking up if Elon himself has confirmed via another venue that it's actually him? Same goes for NFTs.
- strogonoff 6y agoThis is true if you expect Elon to care to register his handle on every NFT marketplace. Which may be true for him, but not the majority of people.
- capableweb 6y agoWhat does that have to do with anything? You wouldn't confirm if Elon on Marketplace #1 by checking his profiles on Marketplace #2 (neither of which you know is actually is Elon). You would check Marketplace #1 and #2 by going to some place where he is verified like Twitter.
- strogonoff 6y agoSo somebody who isn’t verified on mainstream social media or generally hasn’t made themselves publicly available for a comment is a fair target then? Besides, where does the idea that NFT purchasers even care who listed the NFT? They bought and own the actual item (artwork, tweet, etc.), who sold it is secondary—just as Mona Lisa doesn’t suddenly become something different if sold by a thief.
- capableweb 6y ago> So somebody who isn’t verified on mainstream social media or generally hasn’t made themselves publicly available for a comment is a fair target then? Fair target of what? If someone gains a reputation using a anonymous wallet and sell their NFTs via that wallet, then that wallet is the author people would follow, no mainstream social media needed. > Besides, where does the idea that NFT purchasers even care who listed the NFT? Because the value of the NFT is around the chain of ownership, not sure why it's so hard for people to wrap their head around this fact. No, Mona Lisa painted by Moron #1 won't be as popular as Mona Lisa painted by Leonardo da Vinci. One could say the only reason Mona Lisa is popular, is because it's made by Leonardo da Vinci, otherwise it would get lost in the river of other, better art made around the same time. People don't actually care about the bytes. They care about who published the bytes, and that they now can be written as the owner of those bytes. Sure, you can copy the bytes, but if the ledger doesn't change to reflect that you now "own" those bytes, it's not hitting the same feeling as the ownership via NFT gives.