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You are correct. NFTs do not prevent counterfeiting. One could argue that it makes counterfeiting easier due to their open nature. However, it also makes detec

You are correct. NFTs do not prevent counterfeiting. One could argue that it makes counterfeiting easier due to their open nature. However, it also makes detecting counterfeits trivial. So trivial that the consumer can detect it using their own devices and freely available wallet software. No need for special skills or trust anchors like appraisers (other than the public blockchain and public standards). This isn’t a complete solution for scams because most people don’t realize how trivial it is to check before they buy. I believe the remaining problems are in usability and education problem. The tech does lower the barrier to achieving a safer ecosystem. We could have a healthy debate over whether the tech solved the hard side or the easy side of the problem.

dale_glass 4y ago
> However, it also makes detecting counterfeits trivial. So trivial that the consumer can detect it using their own devices and freely available wallet software. Only so long that the authentic source is present. You can detect the authentic BAYC because BAYC has a large presence and everyone knows their wallet ID. Now let's say I take a photo, and you find a NFT for it on OpenSea. How do you know if it's authentic?
- wanderingbort 4y ago
  If you (the artist) have no presence in NFTs, it’s fake. If you do, then I can trivially verify that you are the minter. Crucially, the person that has the incentive to mint (the artist) also has all they need to establish the provenance of the photo. No 3rd parties, no specialized tools/skills.
  - dale_glass 4y ago
    Okay, and how do you know whether I have a presence in NFTs? Go and check, and do tell me how you figure it out.
    - wanderingbort 4y ago
      I think you are coming at this the wrong direction. As a buyer I have to have some compulsion to buy. If that is not “I want to buy an authentic piece tied to an artist” NFTs probably aren’t for you. With NFTs I can start at either the artist or the piece and trivially connect to the other. NFTs don’t solve for discovery. Nor do they provide a root of trust for artist identity. At best they can provide information to some sort of identity system but NFTs by themselves are not a complete solution for that. As an artist who wants to sell an NFT, the onus is on you to broadcast your presence/address so that your buyers can check provenance. Post it on your Instagram maybe. It doesn’t have to be magical.

dale_glass 4y ago

> However, it also makes detecting counterfeits trivial. So trivial that the consumer can detect it using their own devices and freely available wallet software. Only so long that the authentic source is present. You can detect the authentic BAYC because BAYC has a large presence and everyone knows their wallet ID. Now let's say I take a photo, and you find a NFT for it on OpenSea. How do you know if it's authentic?

wanderingbort 4y ago
If you (the artist) have no presence in NFTs, it’s fake. If you do, then I can trivially verify that you are the minter. Crucially, the person that has the incentive to mint (the artist) also has all they need to establish the provenance of the photo. No 3rd parties, no specialized tools/skills.
- dale_glass 4y ago
  Okay, and how do you know whether I have a presence in NFTs? Go and check, and do tell me how you figure it out.
  - wanderingbort 4y ago
    I think you are coming at this the wrong direction. As a buyer I have to have some compulsion to buy. If that is not “I want to buy an authentic piece tied to an artist” NFTs probably aren’t for you. With NFTs I can start at either the artist or the piece and trivially connect to the other. NFTs don’t solve for discovery. Nor do they provide a root of trust for artist identity. At best they can provide information to some sort of identity system but NFTs by themselves are not a complete solution for that. As an artist who wants to sell an NFT, the onus is on you to broadcast your presence/address so that your buyers can check provenance. Post it on your Instagram maybe. It doesn’t have to be magical.