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Artificial scarcity is artificial. Nothing prevents someone from making copies and selling each "unique" one. Since it is decentralized, there is no centraliz
by thesuperbigfrog 5y ago
Artificial scarcity is artificial.
Nothing prevents someone from making copies and selling each "unique" one.
Since it is decentralized, there is no centralized authority to take down the copies (that is, a DMCA-style take down).
The "no one can censor you" upsides of decentralization are not without downsides: you cannot censor or take down others, even in cases of copyright breach.
- diamond559 5y agoBut will people value these knock offs the same as the one approved by the artists themselves? If I put a signed picture through a scanner would you pay for the scanned image even though you knew it was a copy? I would think it logical to assume there would at least be a big discount between the two showing there is value outside of it just being scarce, artificial or otherwise.
- 28uwedj 5y agoWrong, The artwork is stored on a server. not base64. all a NFT is, is a link and a wallet address