4 ms·

If Nvidia provided an nft for every graphics card they sold, and every online marketplace like ebay required that you provide that nft to resell the card, then

If Nvidia provided an nft for every graphics card they sold, and every online marketplace like ebay required that you provide that nft to resell the card, then that truck of stolen graphics cards becomes much harder to move.

ori_b 5y ago
So, like serial numbers, but more fragile?
- aurelianito 5y ago
  The difference is that nVidia would not be able to remove your NFT from its db of serial numbers, because the association between the number and you, instead of being in a DB it is in the blockchain itself, and the only one that can change that association is the holder of the NFT.
  - chaosite 5y ago
    So in this scenario would the NFT be burned onto the card's ROM, and basically serve as a serial number you can trade without the participation of the manufacturer? That's still rather convoluted.
  - mch82 5y ago
    How does this prevent Nvidia from switching to a new blockchain, migrating the transaction data, and deprecating the old one?
  - deleted 5y ago
    [deleted]
nameless912 5y ago
I can't tell if you're being facetious, but Jesus what a terrible idea. What if you lose your private key and lose access to the NFT? Can you not use the graphics card? Or can you not sell it? What if NVidia goes out of business someday in the future and the card gets bricked because they stop maintaining the chain that held all the NFT's of the graphics cards?
- esrauch 5y ago
  Peesumably if Nvidia went out of business then eBay would just stop enforcing having it. But otherwise there's no advantage compared to a traditional database that I can see...
kibwen 5y ago
Sure, but you don't need a Blockchain for that. An ordinary database solves the problem more easily and less wastefully.
- mlinsey 5y ago
  Ahh, in that case, the problem this solves is the database owner has admin power, and could take away your graphics card. This is similar to how I was always worried that Bank of America would arbitrarily change the balance in my account for some reason, but bitcoin solves this problem. Now I just have to worry about losing my password or getting hacked and losing all of my money, and that's just much less realistic than a major bank abusing their centralized admin powers to change my balance.
  - Calavar 5y ago
    There is so much Poe's law content in this thread - not sure if you're being facetious or not. But I'll bite. If Bank of America deducts money from your account, you can call customer support and threaten to file a complaint with a regulatory agency, threaten to close your account, or just take them to court. No guarantees that you'll get your money back, but at least there's a chance. If you lose your wallet password. It's game over. 0% chance of ever recovering any of that money.
    - jimmydorry 5y ago
      Do you see the difference though? One is something you can control, and the other is something you rely on other parties mot to do or to later fix.
      - notamy 5y ago
        I would imagine that a majority of the world is fine with giving up a little control to have a chance of getting their money back.
nuerow 5y ago
> (...) then that truck of stolen graphics cards becomes much harder to move. That sounds like a convoluted and impractical solution looking for a problem. Mobile service companies and hardware vendors managed to implement services that support activation and bricking without getting any crypto-related buzzword in the way.
acjohnson55 5y ago
Why would this be better than physical possession and proof of purchase?
friendzis 5y ago
How does the online marketplace enforce that identifier in the provided NFT corresponds to hardware id of the card? How do you prove that said NFT is issued by OEM? How do you avoid NFTs being issued by the seller themselves?
delecti 5y ago
Until someone made a counterfeit, sold that (with the NFT) and kept the original. They can simultaneously "prove" they've sold the original and also reap the benefits of having the graphics card. The same thing applies to other similar "NFT as certificate of authenticity" schemes I've seen, such as around luxury goods.

ori_b 5y ago

So, like serial numbers, but more fragile?

aurelianito 5y ago
The difference is that nVidia would not be able to remove your NFT from its db of serial numbers, because the association between the number and you, instead of being in a DB it is in the blockchain itself, and the only one that can change that association is the holder of the NFT.
- chaosite 5y ago
  So in this scenario would the NFT be burned onto the card's ROM, and basically serve as a serial number you can trade without the participation of the manufacturer? That's still rather convoluted.
- mch82 5y ago
  How does this prevent Nvidia from switching to a new blockchain, migrating the transaction data, and deprecating the old one?
- deleted 5y ago
  [deleted]

nameless912 5y ago

I can't tell if you're being facetious, but Jesus what a terrible idea. What if you lose your private key and lose access to the NFT? Can you not use the graphics card? Or can you not sell it? What if NVidia goes out of business someday in the future and the card gets bricked because they stop maintaining the chain that held all the NFT's of the graphics cards?

esrauch 5y ago
Peesumably if Nvidia went out of business then eBay would just stop enforcing having it. But otherwise there's no advantage compared to a traditional database that I can see...

kibwen 5y ago

Sure, but you don't need a Blockchain for that. An ordinary database solves the problem more easily and less wastefully.

mlinsey 5y ago
Ahh, in that case, the problem this solves is the database owner has admin power, and could take away your graphics card. This is similar to how I was always worried that Bank of America would arbitrarily change the balance in my account for some reason, but bitcoin solves this problem. Now I just have to worry about losing my password or getting hacked and losing all of my money, and that's just much less realistic than a major bank abusing their centralized admin powers to change my balance.
- Calavar 5y ago
  There is so much Poe's law content in this thread - not sure if you're being facetious or not. But I'll bite. If Bank of America deducts money from your account, you can call customer support and threaten to file a complaint with a regulatory agency, threaten to close your account, or just take them to court. No guarantees that you'll get your money back, but at least there's a chance. If you lose your wallet password. It's game over. 0% chance of ever recovering any of that money.
  - jimmydorry 5y ago
    Do you see the difference though? One is something you can control, and the other is something you rely on other parties mot to do or to later fix.
    - notamy 5y ago
      I would imagine that a majority of the world is fine with giving up a little control to have a chance of getting their money back.

nuerow 5y ago

> (...) then that truck of stolen graphics cards becomes much harder to move. That sounds like a convoluted and impractical solution looking for a problem. Mobile service companies and hardware vendors managed to implement services that support activation and bricking without getting any crypto-related buzzword in the way.

acjohnson55 5y ago

Why would this be better than physical possession and proof of purchase?

friendzis 5y ago

How does the online marketplace enforce that identifier in the provided NFT corresponds to hardware id of the card? How do you prove that said NFT is issued by OEM? How do you avoid NFTs being issued by the seller themselves?

delecti 5y ago

Until someone made a counterfeit, sold that (with the NFT) and kept the original. They can simultaneously "prove" they've sold the original and also reap the benefits of having the graphics card. The same thing applies to other similar "NFT as certificate of authenticity" schemes I've seen, such as around luxury goods.