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> This is the fundamental problem with NFT's as I see it -- there is fundamentally no way to tie it to a physical object. There is actually. I can't find any r
by jfim 5y ago
> This is the fundamental problem with NFT's as I see it -- there is fundamentally no way to tie it to a physical object.
There is actually. I can't find any references to it at the moment, but there are certain things that are easy to make but near impossible to clone. For example, particles suspended in epoxy can make for a unique pattern for each item that can be scanned and verified, but getting a duplicate pattern is nearly impossible, and not economically feasible.
The NFTs aren't really needed though, a manufacturer could just have a "scan this item with your phone to see if it's genuine" app and that would be sufficient.
- subhro 5y ago> The NFTs aren't really needed though, a manufacturer could just have a "scan this item with your phone to see if it's genuine" app and that would be sufficient. Again, the problem of a centralised ledger comes back.
- jfim 5y agoWhy would it? If brand X adds anti counterfeit detection in their products and makes a brand X validation app, what's the added value of the ledger?
- subhro 5y agoAs we have seen, apps decay over time. So someone has to keep track of the app. Also, given unlimited time, all cryptographic algorithms can be brute forced, especially something that has the same key for all hashes. So, now you have the problem of maintaining a key for your "counterfeit detection", and somehow get older keys revoked. Do you see a ledger now?
- deleted 5y ago[deleted]
- TchoBeer 5y agowhy does our counterfeit detection need a key?
- bradleyjg 5y agoSomeone gets rich quick on pre-mined coins.
- catlifeonmars 5y agoI don’t think centralization is a universal problem. In many cases (one could argue the majority of cases), centralization is not an issue.
- analog31 5y agoFor items made from natural materials, it should be straightforward. For instance my musical instrument has unique wood grain patterns that could be memorialized in high resolution photos.
- acomjean 5y agoBanksy the artist has a validation site. and an art registry to try a curb east to make fakes (stencils): https://pestcontroloffice.com/real.asp https://pestcontroloffice.com/real.asp