5 ms·

NFTs are a genuinely interesting concept. Cynicism can kill curiosity. Edit: Photo NFT wouldn't sell for more. It's entirely different realm.

colejohnson66 5y ago
Genuinely asking: how? They seem, to me, to be a hype driven thing that doesn't make sense. If I buy an NFT of an art piece, what's stopping others from downloading the same file?
- YetAnotherNick 5y ago
  It's even more ridiculous for tweet. It's not even that after spending millions of dollar the buyer got any special right to that tweet. If I would buy a tweet, at minimum I would like an edit access over that tweet and contract that the "real" owner can't delete it.
  - krallja 5y ago
    > I would like an edit access over that tweet I’d like that on my own tweets, to start.
- flyingchipmann 5y ago
  Not disagreeing with you. Just saying that this is the exact purpose of the NFT - to show that you are the owner of the digital piece, i.e having the receipt/bragging right of it. It has nothing to do with the distribution. Anyone can have a copy.
  - factorialboy 5y ago
    > to show that you are the owner of the digital piece Claim of ownership is overrated. It's just a record on a blockchain. It is trivial to fork said blockchain, and have a conflicting claim setup on the fork.
    - nuclearnice1 5y ago
      It’s trivial to fork a blockchain in the sense that it’s trivial to print factorialboy bucks. It’s harder to fork the Ethereum blockchain in the same sense that it’s hard to convince people to accept factorial bucks over old fashioned USD.
    - flyingchipmann 5y ago
      If you can't tell from my tone, just saying that I am critical of it.
  - factorialboy 5y ago
    https://twitter.com/smdiehl/status/1445795667826208770 https://twitter.com/smdiehl/status/1445795667826208770
- fny 5y ago
  There are applications beyond art. Art NFTs are a toy. Think bigger. https://www.citydao.io/ https://www.citydao.io/ FYI I'm not a huge crypto person, I don't know if the above is trustworthy, but it's an example of what you could do. God's knows if it works or collapses in a fire, but it's fun to watch.
- BadOakOx 5y ago
  It doesn't have to be something digital... We could move owning real life objects to NFT contracts. Like owning a car would be tracked on the blockchain and there is no paperwork needed about it.
- lekevicius 5y ago
  First: I'd like to hear feedback why my previous comment was heavily downvoted. Was it too condescending? It's not about having access to content, but about owning the "thing". You might buy a painting and post high resolution scans of it: good enough for people to make very convincing copies. But it doesn't affect the ownership of the thing. NFT is not so much the content, but a record of ownership on the blockchain. And for digital content, that "doesn't make sense" outside of digital realm, it's a very natural tool to produce ability to own something digital.
  - quickthrower2 5y ago
    What does ownership mean though? It’s purely a status at best.

colejohnson66 5y ago

Genuinely asking: how? They seem, to me, to be a hype driven thing that doesn't make sense. If I buy an NFT of an art piece, what's stopping others from downloading the same file?

YetAnotherNick 5y ago
It's even more ridiculous for tweet. It's not even that after spending millions of dollar the buyer got any special right to that tweet. If I would buy a tweet, at minimum I would like an edit access over that tweet and contract that the "real" owner can't delete it.
- krallja 5y ago
  > I would like an edit access over that tweet I’d like that on my own tweets, to start.
flyingchipmann 5y ago
Not disagreeing with you. Just saying that this is the exact purpose of the NFT - to show that you are the owner of the digital piece, i.e having the receipt/bragging right of it. It has nothing to do with the distribution. Anyone can have a copy.
- factorialboy 5y ago
  > to show that you are the owner of the digital piece Claim of ownership is overrated. It's just a record on a blockchain. It is trivial to fork said blockchain, and have a conflicting claim setup on the fork.
  - nuclearnice1 5y ago
    It’s trivial to fork a blockchain in the sense that it’s trivial to print factorialboy bucks. It’s harder to fork the Ethereum blockchain in the same sense that it’s hard to convince people to accept factorial bucks over old fashioned USD.
  - flyingchipmann 5y ago
    If you can't tell from my tone, just saying that I am critical of it.
- factorialboy 5y ago
  https://twitter.com/smdiehl/status/1445795667826208770 https://twitter.com/smdiehl/status/1445795667826208770
fny 5y ago
There are applications beyond art. Art NFTs are a toy. Think bigger. https://www.citydao.io/ https://www.citydao.io/ FYI I'm not a huge crypto person, I don't know if the above is trustworthy, but it's an example of what you could do. God's knows if it works or collapses in a fire, but it's fun to watch.
BadOakOx 5y ago
It doesn't have to be something digital... We could move owning real life objects to NFT contracts. Like owning a car would be tracked on the blockchain and there is no paperwork needed about it.
lekevicius 5y ago
First: I'd like to hear feedback why my previous comment was heavily downvoted. Was it too condescending? It's not about having access to content, but about owning the "thing". You might buy a painting and post high resolution scans of it: good enough for people to make very convincing copies. But it doesn't affect the ownership of the thing. NFT is not so much the content, but a record of ownership on the blockchain. And for digital content, that "doesn't make sense" outside of digital realm, it's a very natural tool to produce ability to own something digital.
- quickthrower2 5y ago
  What does ownership mean though? It’s purely a status at best.