Post A7oFp8mwMhXOLUMzjM by Nikolai_Kingsley@social.chinwag.org
(DIR) More posts by Nikolai_Kingsley@social.chinwag.org
(DIR) Post #A7o4Lp4nTZBVJfXWfg by cypnk@mastodon.social
2021-05-31T11:06:26Z
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Lots of people have tried explaining it to me, but I still don't understand how NFTs of physical things actually workI can actually see a painting or read a book in daylight. How are you supposed to access digital information without electricity
(DIR) Post #A7o4LpYDiAiimvJ1X6 by herag@dobbs.town
2021-05-31T11:11:45Z
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@cypnk I sort of went on a deep dive yesterday on this.It seems like NFTs create artificial scarcity. Like a fancy DRM. Artificial scarcity is in the realm of govt and manipulation of markets, which is always a bad thing, whether it be from a moral standpoint or simply a numbers standpoint. Ergo NFTs are not a good thing from where I'm standing.
(DIR) Post #A7o4bxHSjxUxOX9lFQ by cypnk@mastodon.social
2021-05-31T11:14:40Z
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@herag Sounds about right. From an ownership standpoint, distributed consensus makes sense. The current approach seems like a net negative
(DIR) Post #A7o4rDPJ43rxko6NoO by calculsoberic@mstdn.social
2021-05-31T11:17:25Z
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@cypnk It's essentially that (with art, for instance), you're buying a copy of it from the original artist, or whoever owns the rights to it - as one article put it, "Simply put, they buy original traceability, which leads to social prestige." I was talking about yesterday how I have some drawings by the artist who used to draw Betty Boop, Casper the Friendly Ghost, and Popeye. If someone bought these from the artist and essentially digitized them, they'd be valuable because of prestige.
(DIR) Post #A7o59tTFPb5LQMqsj2 by calculsoberic@mstdn.social
2021-05-31T11:20:47Z
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@cypnk I'm not saying I *agree* with the NFT concept, but it kind of makes sense when you look at it from a point-of-view of rarity. It's basically saying "I have the only copy of this, authorized by the original creator." Personally, I'd rather have the drawings/paintings themselves, but that's just me!
(DIR) Post #A7o5iBN3MlMWmoIxEW by cjd@mastodon.social
2021-05-31T11:26:49Z
1 likes, 1 repeats
@calculsoberic @cypnk When it's for physical objects, it's basically a digital version of a title to a car or deed to a house. Sometimes you'd prefer to have ownership commemorated in some way such that if someone just grabs something, they can't assert that they are the true owner.
(DIR) Post #A7o5ohvPFAtJULU5rs by calculsoberic@mstdn.social
2021-05-31T11:28:11Z
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@cjd That makes sense! @cypnk
(DIR) Post #A7o7intSL7w4AcsvNQ by herag@dobbs.town
2021-05-31T11:49:32Z
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@cjd @calculsoberic @cypnk I could see how it might be useful for a title or deed. Interesting. I never came across this when I read about it yesterday. Everyone was talking about tweets and music and such. Gave me the impression that it was meant to help protect art and make single use items.
(DIR) Post #A7o7uczqgDaJqiVsbg by calculsoberic@mstdn.social
2021-05-31T11:51:39Z
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@herag I mean, some of it may seem kind of silly, but people collect all kinds of things. I think it's cool that it's a way to support artists, especially when they might have been struggling. @cjd @cypnk
(DIR) Post #A7o9SRGYtqOjGg16Ku by uint8_t@chaos.social
2021-05-31T12:08:57Z
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@calculsoberic @herag @cjd @cypnk NFTs are actually a terrible way to support artists. most artists don't break even on NFTs. the only people you are supporting are greedy pyramid scheme salesmen, and unnecessarily acidifying the oceans
(DIR) Post #A7o9j4f0CVYA52Ng4O by LovesTha@floss.social
2021-05-31T12:11:20Z
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@cypnk @herag yeah, using them to replace house deeds could be sensible. Except that would actually make theses problems with deeds worse (having property that the owners can't be found)
(DIR) Post #A7o9j58QR75NYI9Avo by herag@dobbs.town
2021-05-31T12:11:58Z
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@LovesTha @cypnk oh that is true. Didn't think about that.
(DIR) Post #A7oCj9S8gLLOo45oG0 by pettter@mastodon.acc.umu.se
2021-05-31T12:45:34Z
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@calculsobericA better way is to just support them, though. Give them money directly, or buy their prints or digital prints or commission an artwork or buy the actual copyright for something if that's your fancy. But pay them. With money.@herag @cjd @cypnk
(DIR) Post #A7oFp8mwMhXOLUMzjM by Nikolai_Kingsley@social.chinwag.org
2021-05-31T13:20:18Z
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@herag @cypnk > It seems like NFTs create artificial scarcity. @mike : ... moose04.txtthink about it.
(DIR) Post #A7oOuUVZwBFwkCsJtI by uint8_t@chaos.social
2021-05-31T12:06:02Z
1 likes, 2 repeats
@cypnk this is basically how NFTs work
(DIR) Post #A7oXC4FF7e9G8S7tCq by swift@merveilles.town
2021-05-31T11:35:06Z
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@cjd @calculsoberic @cypnk it's also that for digital objects in practice. Aside from ownership metadata, the "contents" of an NFT for digital media are normally just a URL that the media can be accessed at.There is no context in which an NFT asserts anything more on the "owned" artifact than a note saying "I own this". Like a title deed, it's valuable only as far as other people are willing to respect it.
(DIR) Post #A7oXCE28jDboUi4ZAe by tomosaigon@fosstodon.org
2021-05-31T11:47:06Z
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@cypnk It's a deed.
(DIR) Post #A7oY0Ak9EeOslkTQbA by Hyolobrika@counter.fedi.live
2021-05-31T16:44:00.312332Z
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@LovesTha @cypnk @herag 1) the owners can be found if you know what you're doing and 2) why is it a problem if the owners can't be found? they'd still be able to verify themselves as owners when they need to (by signing a message using their wallet privkey? is that possible? Idk, I'm not a cryptographer)
(DIR) Post #A7oYEAR1BAqfrmCPI0 by Hyolobrika@counter.fedi.live
2021-05-31T16:46:33.063106Z
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@uint8_t @calculsoberic @herag @cjd @cypnk 1) in principle, you can make your own NFT platform that doesn't charge exorbitant fees iirc and 2) not all blockchains acidify the oceans
(DIR) Post #A7q8FnhOTMddRItf4S by Makdaam@mastodon.social
2021-05-31T17:49:56Z
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@cjd @calculsoberic @cypnk it's actually closer to a voided stock share collectible. There's tons of them and their value is basically 0, they don't have any legal power over the company/asset it was issued for and a third party procurer made some money off of it.If you equate that to actual deeds then I have relatively cheap deeds of some touristic monuments for sale.
(DIR) Post #A7q8FoBse11axrA0ae by cjd@mastodon.social
2021-05-31T18:30:19Z
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@Makdaam @calculsoberic @cypnk Well I'm not a lawyer, but I would highly recommend consulting with one before trying to sell fabricated deeds to touristic monuments, NFT or otherwise.
(DIR) Post #A7q8Fob38R9qDuw6oy by Makdaam@mastodon.social
2021-05-31T18:33:22Z
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@cjd @calculsoberic @cypnk My deeds aren't fabricated, they don't claim to be deeds, just paper non-fungible tokens.However if someone chooses to equate them with deeds it's their choice as an adult.