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It appears this is the hackers website, and that they are going to be demonstrating multiple methods of duplication/fraud/"theft". For Act One, they legally cre
by ipspam 5y ago
It appears this is the hackers website, and that they are going to be demonstrating multiple methods of duplication/fraud/"theft". For Act One, they legally created a duplicate that is indistinguishable from the original. (?)
From the FAQ:
"Won't your claim of the NFT digital asset association be easily disproved through the blockchain?
The blockchain proves ownership of the NFT token itself, and its association with a specific digital asset. There is no legitimate way to prove that the NFT that I have created does not in fact have the same association and attribution to the digital asset as the original NFT. This is due to the fact that there are no legally binding requirements in the world of NFT, and that the artist/creator is purely selling through an "Honor System" approach. All we have is their word that they will only mint one NFT for that digital asset. They can in fact mint it again as many times as they wish, and they can set whatever price they decide on, and from whatever wallet they chose to do it from. There is no way for anyone to disprove that the NFT token minted by me was not in fact done on behalf of the digital asset artist/creator."
- sergiomattei 5y agoThat looks like a huge point of failure that undermines the whole NFT economy.
- vmception 5y agoeh looks more like a UI problem in GUIs popular sites just don't look for transactions right now that would show it was "sleepminted" I'm all for also updating the protocols. ERC721 is not the predominant NFT protocol in use, actually that's hard to quantity as my point being there are several other standards in popular use, and many others still evolving.
- aeternum 5y agoYes, it undermines the current NFT aggregator sites and all the hype. The core concept of NFTs is sound, but the vast majority of NFTs I've seen encode only a URL, often for the marketplace that sold the NFT. So all you really own is a hyperlink to a company's website that likely won't be around for long. A few NFTs encode links to the IPFS (InterPlanetary File System), which still carries some risk of the link/content being forgotten, but is probably a better way of doing this.