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> here's no assurance that some artist made it Correct. I do not see how it follows that a NFT minted by the artist who made it is a scam. > 98% of NFTs will

> here's no assurance that some artist made it Correct. I do not see how it follows that a NFT minted by the artist who made it is a scam. > 98% of NFTs will last at max few months You make this mistake because you think the url matters. It does not. It is the collectors job to ensure the art survives. Agreement on what the token represents, either ad-hoc or through a hash is enough. > at least I can sue Google if they publish on their ledger the hash of something I made and someone else sold without my permission... True. > People absolutely don't care about the item, proof is that the majority of items sold as NFTs would never ever have a market outside of the speculative bubble (and in fact they never had one before). There is a speculative bubble, but art will remain hard to sell the less it is a short-term speculative investment, but the creation of this previously non-existent market is indeed the contribution here. Without the market, the spreadsheet is not interesting.

peoplefromibiza 5y ago
> It is the collectors job to ensure the art survives it doesn't make any sense in this context of course if I buy a painting i am responsible to maintain the painting, but the painting It's the item I bough! here you're buying the URL, the only way to keep it working is taking over the maintenance of someone else's server, but only for that specific URL Or I have to pay and there's no limit on how much it would cost If i move the item to another URL, _it would be indistinguable from the billions of possible exact replicas_ hence NFTs provide no value at all > There is a speculative bubble, but art will remain hard to sell the less it is a short-term speculative investment art has a value if I can put it on display
- miracle2k 5y ago
  > here you're buying the URL But you aren't buying the URL, your are buying a ledger entry that represents an artwork, and there happens to be a URL attached for your convenience. > The only way to keep it working is taking over the maintenance of someone else's server, but only for that specific URL IPFS fits neatly in here. Anyone can seed a particular file they want to seed.

peoplefromibiza 5y ago

> It is the collectors job to ensure the art survives it doesn't make any sense in this context of course if I buy a painting i am responsible to maintain the painting, but the painting It's the item I bough! here you're buying the URL, the only way to keep it working is taking over the maintenance of someone else's server, but only for that specific URL Or I have to pay and there's no limit on how much it would cost If i move the item to another URL, _it would be indistinguable from the billions of possible exact replicas_ hence NFTs provide no value at all > There is a speculative bubble, but art will remain hard to sell the less it is a short-term speculative investment art has a value if I can put it on display

miracle2k 5y ago
> here you're buying the URL But you aren't buying the URL, your are buying a ledger entry that represents an artwork, and there happens to be a URL attached for your convenience. > The only way to keep it working is taking over the maintenance of someone else's server, but only for that specific URL IPFS fits neatly in here. Anyone can seed a particular file they want to seed.