Benefit of the hindsight
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You didnd't purchase their artwork though. The fact that you still haven't figured that out says a lot about what kind of customerbase was needed to get NFTs off the ground.
So if somebody buys my digital photos off Deviant art, they didn't "purchase my photos"? Geez, I better go call that TV studio that used some of my work and let them know they got scammed.
When I hired a wedding photographer 15 years ago and got the digitals, did I get scammed?
Are you against people buying anything digital or just the underlying technological platform?
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The sad thing is the concept wasn’t.
Selling NFTs with no physical existence is what is pointlessly stupid.
Before they came along i considered the idea of a blockchain linked video camera where metadata of footage gets written into the chain to combat fake news and misinformation.
The goal would be to create a proof and record of original footage, to which media publishers and people who share can link towards to verify authenticity/author.
If the media later gets manipulated or reframed you would be able to verify this by comparing to the original record.
It was never a finished idea but when i first read nft i thought this is the right direction.
And then capitalism started selling apes and what the actual disgusting money possessed fuck was that.
This still fundamentally suffers from the oracle problem like all blockchains solutions. You can always attack these blockchain solutions at the point where they need to interact with the real world. In this case the camera is the "oracle" and nothing prevents someone from attacking the proposed camera and leveraging it to certify some modified footage. The blockchain doesn't add anything a public database and digitally signed footage wouldn't also achieve.
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And time travel! But you have to drive real slow for it to work
Joke's on you: I constantly time travel for free!
Granted, it's always in the same direction and at the same rate of time change, but no fancy bridges are required.
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With your scheme you can't prove the timing of when the hash was made, nor who made the hash. At the very least the camera would have to include something that proves the time in the hash, and then sign the result with a private key that can't be extracted from the camera.
Trusted, cryptographic timestamps exist, and have for some time. NFTs don't add anything new.
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I remember reading a proposal how music artists could somehow use nfts as digital record keeping so when digital tickets are resold they could get a percentage of the sale each time it was resold. Making more money for artists and disinsentivising resale but you know ticket places would never let it happen. I'm sure you could do it without nfts but it seemed like a really great idea.
Every ticket scheme for NFTs fails because of a simple reason: contract law. Venues don't stick with TicketMaster because they like it. TicketMaster's store front doesn't have any magic technology; a room of overcaffinated fresh CS grads could recreate it in a weekend of binge coding.
Venues stick with TicketMaster because they are contractually obliged to do so. NFTs do not and cannot change that legal reality.
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NFTs are just beanie babies for millenials and gen z
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So if somebody buys my digital photos off Deviant art, they didn't "purchase my photos"? Geez, I better go call that TV studio that used some of my work and let them know they got scammed.
When I hired a wedding photographer 15 years ago and got the digitals, did I get scammed?
Are you against people buying anything digital or just the underlying technological platform?
It's having a legal contract that passes the intellectual property to your name and a Legal System backing that contract with the power and willingness to enable the use of Force to confiscate the property of contract breakers, that give you de facto ownership rights.
That's the essential difference between your example and NFTs.
Thinking that a mere "ownership certificate" which is not legally recognized is "ownership" is just a variant of the Sovereign Citizen delusions only with "magical" bytes instead of "magical" words - techno-magical mumbu jumbo for people who can't understand that symbols not backed by enforcement structures mean nothing in a society.
An "ownership stamp", no matter how technically advanced, which is not recognized or backed by a Legal System gives you de facto no ownership rights because nothing will back you up when others disregard your claims of ownership asserted by that "ownership stamp" and if you yourself try to enforce it that Legal System will likely turn against you depending on how you try and enforce yourself your ownership claims (for example if you do something legally deemed Theft or Assault it's you who ends up in facing the might of the Legal System).
That's the essence of the complete total idiocy of thinking NFTs are ownership: ownership is not merely having a "certificate of ownership", it's there being societal structures that recognize your ownership and will back you up when you want to assert ownership rights. In fact, most ownership does not require any certificates, digital or otherwise, just an entry in a database of the appropriate Legal Registrar of ownership.
As I said, thinking it's some made up certificate of ownership that gives you ownership rights is Sovereign Citizen "logic"
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NFTs are just beanie babies for millenials and gen z
Millenials had beanie babied wut
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It's having a legal contract that passes the intellectual property to your name and a Legal System backing that contract with the power and willingness to enable the use of Force to confiscate the property of contract breakers, that give you de facto ownership rights.
That's the essential difference between your example and NFTs.
Thinking that a mere "ownership certificate" which is not legally recognized is "ownership" is just a variant of the Sovereign Citizen delusions only with "magical" bytes instead of "magical" words - techno-magical mumbu jumbo for people who can't understand that symbols not backed by enforcement structures mean nothing in a society.
An "ownership stamp", no matter how technically advanced, which is not recognized or backed by a Legal System gives you de facto no ownership rights because nothing will back you up when others disregard your claims of ownership asserted by that "ownership stamp" and if you yourself try to enforce it that Legal System will likely turn against you depending on how you try and enforce yourself your ownership claims (for example if you do something legally deemed Theft or Assault it's you who ends up in facing the might of the Legal System).
That's the essence of the complete total idiocy of thinking NFTs are ownership: ownership is not merely having a "certificate of ownership", it's there being societal structures that recognize your ownership and will back you up when you want to assert ownership rights. In fact, most ownership does not require any certificates, digital or otherwise, just an entry in a database of the appropriate Legal Registrar of ownership.
As I said, thinking it's some made up certificate of ownership that gives you ownership rights is Sovereign Citizen "logic"
bruh it's really not that difficult. Fan sends money to artist. Fan receives some magical bytes in return. Could fan have right clicked and downloaded the artwork without paying? Of course. But fan wants to support artist. Because fan likes artist's art. It's how any digital "marketplace" works, NFT or not. All this "legal system" and "ownership" and "legal registrar" nonsense you're pulling up is completely irrelevant. You're reading too much into it.
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I quite enjoyed supporting artists like Ame72 and Sabat by purchasing their digital artwork.
️I don't see how it's much different than Patreon. You pay creators that you enjoy, you get a digital collectable, and access to discord of you care about that sort of thing. NFTs allowed many people to do art full-time.
yeah exactly I still haven't heard a single explanation of what makes NFTs a "scam". People just shout that word and expect you to accept it. Seriously, which part of a consensual transaction between two well-informed parties qualifies as a "scam"?
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made money and got out so cant rlly complain tbh
damn those 17 downvotes are so salty it's making my monitor bezels corrode
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NFTs are just beanie babies for millenials and gen z
Don't forget Funko pops
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NFTs are just beanie babies for millenials and gen z
At least beanie babies were a toy a child could play with.
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bruh it's really not that difficult. Fan sends money to artist. Fan receives some magical bytes in return. Could fan have right clicked and downloaded the artwork without paying? Of course. But fan wants to support artist. Because fan likes artist's art. It's how any digital "marketplace" works, NFT or not. All this "legal system" and "ownership" and "legal registrar" nonsense you're pulling up is completely irrelevant. You're reading too much into it.
"Bruh", your problem is exactly that in your mind it's all simple even though you live in a Society right next to millions of people and you somehow think that what you believe because you read it on a website gives you "rights" that those millions of people will respect just because you say so.
It's like thinking that a toilet needs not be connected to a sewage line to handle your shit or the electricity for your house appears by merelly having power lines rather than coming via them from where it gets generated via a complex infrastruture to get it to you.
It's the Soverign Citizen kind of take on the world, and the results are pretty much the same for techno-deluded kind of Soverign Citizen as for the document-deluded ones: nobody else respects your claims to having certain rights hence the only worth you can extract from such "certificates" is from finding and swindling even greater fools to sell those "certificates" to.
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This still fundamentally suffers from the oracle problem like all blockchains solutions. You can always attack these blockchain solutions at the point where they need to interact with the real world. In this case the camera is the "oracle" and nothing prevents someone from attacking the proposed camera and leveraging it to certify some modified footage. The blockchain doesn't add anything a public database and digitally signed footage wouldn't also achieve.
This is correct.
This is a flaw i had considered and never found a solution for. Hence the idea is unfinished.
The only further argument i have is that manipulating camera techniques is as old as film yet it’s the digital tools that are causing the most harm and allow any troll to partake. Staging a scene takes at least some dedication and effort.
If such would be considered on the blockchain than it would also bring in questions all other footage by the same recorder device. “Wallets” from established authors, anonymous or not would have their own reputations of trustworthyness.
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damn those 17 downvotes are so salty it's making my monitor bezels corrode
wrote on last edited by [email protected]Well its fine, I understand where it comes from. But like NFTs were obviously gambling and for anyone making money someone had to lose it. Since the whole concept was and is pretty degenerate tho pretty much everyone knew what they signed up for so its not like I made anyone grandmas lifesavings. U can call me an idiot for having done that but at most I took some bigger idiots money so the ur part of the problem talk is a stretch imo. I wasnt doing it on eth either which at the time was the most inefficient chain when it comes to using energy to run. Tbf tho. I wasnt part of any solution to any problem either, that much is clear. (obviously Im just talking about having bought and sold NFTs btw, never made one never sold one to a first buyer I was just trading them for a time)
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At least beanie babies were a toy a child could play with.
Noooo! They'd lose value! (they'd go from 2 to 1.5 dollars)
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The sad thing is the concept wasn’t.
Selling NFTs with no physical existence is what is pointlessly stupid.
Before they came along i considered the idea of a blockchain linked video camera where metadata of footage gets written into the chain to combat fake news and misinformation.
The goal would be to create a proof and record of original footage, to which media publishers and people who share can link towards to verify authenticity/author.
If the media later gets manipulated or reframed you would be able to verify this by comparing to the original record.
It was never a finished idea but when i first read nft i thought this is the right direction.
And then capitalism started selling apes and what the actual disgusting money possessed fuck was that.
wrote on last edited by [email protected]Had thoughts like that before, someone pointed that it already exists and is called C2PA - no blockchain necessary. It's not yet widespread, though.
As for NFT, when it came out I had thoughts that it could be used for completely transparent and automated businesses. Something like an AirBnB with a digital lock on the front door and you could buy an NFT for a daily stay that you could use to unlock said lock. But then if there's only one company that accepts said NFT's then there's zero reason for it to be on blockchain, they can just send you the code, and if they scam you there's no use for either NFT or the code. There could be real estate ownership certificates, but then again, there would always be only one authority issuing them - zero reason for blockchain. There could be like crowdfunding NFT, but then again, there could only one party managing the funds. There were tons of ideas for practical usage of NFT's, but all of them hinge on there being some party linking the zero-trust crypto and the real world, and if there's only a single trusted party then it always makes more sense for that party to deploy a normal database in place of blockchain and just provide an API endpoint to verify ownership.
EDIT: Fixed wrong link
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For real cash ofc.
Gonna need a bank loan, naturally.
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Trusted, cryptographic timestamps exist, and have for some time. NFTs don't add anything new.
wrote on last edited by [email protected]Okay good. I thought it would, just didn't know any specifically. I wasn't trying to suggest a public blockchain would be the only solution or even the best of multiple solutions, only that they needed to consider more angles beyond just making a hash.
