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That's a fair question, and really I think it comes down to degrees of trust. As you say, ultimately I as the creator of the tokens could possibly utilize my up

That's a fair question, and really I think it comes down to degrees of trust. As you say, ultimately I as the creator of the tokens could possibly utilize my update authority to change some of the underlying metadata for the token. The only real reason I can think of that I'd do it for this project is bugfixes if there is something botched in the metadata for specific tokens. I don't quite know the extent of power that I could leverage as a creator over data on arweave. It's not ever crossed my mind as to why I'd possibly want to alter that. At the end of the day you have to have some degree of trust with most services you interact with, and I think this would be no different. Maybe I as a creator could eliminate this ability to update anything on arweave after the initial upload by changing the update authority to a wallet that is programmatically created from an onchain program, and off of the Ed25519 curve. If I am able to do something like that, then it would be impossible to access the wallet since it doesn't have a valid private key, and maybe then it's truly immutable? It's a problem I actually haven't thought of until now. But there's probably something I could do along those lines. Honestly if something like that works then it might be a generalizable solution to the problem you're suggesting.

NicoJuicy 5y ago
But trust is currently easy online. I can initiate a chargeback through traditional currencies. Bought source is available for download as soon as I buy something. So i have it in my possession on my drive when eg. Envato deletes the assets because of copyright infringement. Also, i frequently visit https://rekt.news/ https://rekt.news/ and trust seems to be far-fetched. Even the auditors sometimes keep the 0-days to themselves.
- shiohime 5y ago
  Yeah, it's true that chargeback is not possible in the same way in cryptocurrencies, so there is just an inherent risk vector there. I think it would be possible, and likely, that there could be a marketplace / service specifically for high-end art, that could have built in functionality that explicitly makes their pieces immutable. But really I do think it kind of comes with the territory in some ways, when it comes to refunds. I think for instance I could create a service that allows for refunds on the initial sale from me as a provider, however if you buy something from the secondhand market, you wouldn't be able to receive a refund from me as a producer, you'd have to work with the secondhand market / user you bought it from personally. It's possible to create trustworthy products and platforms I think. But yeah, right now there exists no easy mechanism to get a chargeback, nor do I think there likely will ever be such a thing on most chains, as chargebacks rely on centralization (banks) to transfer funds to your account. Also thanks for sharing that link, I've never heard of the site and it's pretty interesting.

NicoJuicy 5y ago

But trust is currently easy online. I can initiate a chargeback through traditional currencies. Bought source is available for download as soon as I buy something. So i have it in my possession on my drive when eg. Envato deletes the assets because of copyright infringement. Also, i frequently visit https://rekt.news/ https://rekt.news/ and trust seems to be far-fetched. Even the auditors sometimes keep the 0-days to themselves.

shiohime 5y ago
Yeah, it's true that chargeback is not possible in the same way in cryptocurrencies, so there is just an inherent risk vector there. I think it would be possible, and likely, that there could be a marketplace / service specifically for high-end art, that could have built in functionality that explicitly makes their pieces immutable. But really I do think it kind of comes with the territory in some ways, when it comes to refunds. I think for instance I could create a service that allows for refunds on the initial sale from me as a provider, however if you buy something from the secondhand market, you wouldn't be able to receive a refund from me as a producer, you'd have to work with the secondhand market / user you bought it from personally. It's possible to create trustworthy products and platforms I think. But yeah, right now there exists no easy mechanism to get a chargeback, nor do I think there likely will ever be such a thing on most chains, as chargebacks rely on centralization (banks) to transfer funds to your account. Also thanks for sharing that link, I've never heard of the site and it's pretty interesting.