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That is entirely the value of an NFT. There's an Ethereum token with a special number that you have the key to. You hope that people will especially want that particular number in the future, but it's just a number. Least of all the people copy pasting the images. That's what people don't get. The only people who care about the authenticity are the suckers buying them. People taking the images just want the image - they don't care if its authentic or not.

But you seem to be missing the point. Apparently the blockchain If I'm reading this right, the blockchain only proves that you own the image at some address Even if you are an NFT collector It's like a signed book, you can read the same story in a book that the author didn't sign, or you can make a photocopy of their signature, but the fact that they didn't write it with their own hand makes those things less valuable.

With a signed book, the signature is on the book. But it its particularly collectible, you might even have a notarized certificate of authenticity for your collectible signed book, with a photo of the artist signing it, attesting that it's all 'for real'. That certificate proves your copy a lot more special.

Are you with me so far? But you see Just right click and save a copy. Even if the website goes away you still have the image and the original certificate that was created by the author.

That's just a random copy you made. Same as the copy in the torrent in TFA. Nothing special about it at all. In fact, that copy is exactly the same as every other copy everyone else has. It's not the bespoke special image blessed by the author and recorded as authentic by the NFT Your NFT doesn't say anything about that copy being special, because its not the file the certificate poi.

That's the point. The copy on your screen is a copy. The copy in your web browser's cache is a copy, the copy on the web server is a copy. And if none of those copies are where the NFT says the official copy is, then they aren't the official copy. That's like saying your house title deeds don't prove you own the house. They do, because your country's equivalent of the Land Registry recognizes them as proof of ownership.

What most NFTs are missing is a contract stating exactly what they mean. Do they transfer copyright, or are they merely some token that the author pinky swears they will only ever make one of?

Vehicle and even land titles may one day use the blockchain to provide proof of ownership. I've actually participated in a government blockchain project around such topics. That general claim is true. However, at least the various players participating in that project were considering blockchain technology , not any of the existing blockchains. That's an important difference. That way when things change no one can say If property changes hands on individual or even nation scales, via purchase, war, or anything else, we can still track previous ownership for due compensation, or track owners for pollution remediation and so on.

You don't need NFTs for this. In fact, NFTs don't seem to add anything to this scenario over more traditional software licensing. NFTs will not add anything to prevent unauthorized copies of the game, nor does it make it any easier to verify if a particular user has a license to play it - if anything it makes it worse, because now you have.

One would think if you're paying millions of dollars for an NFT the creator would at least have the decency to pay the 'gas' to upload it to the ethereum blockchain. Ironically, there will come a time with the true owners no longer have access to their NFTs and they'll rely on pirates.

Which is single-digit percents for a million-dollar NFT, and fractions of a percent for some of the most expensive ones, so yes GP is right, there's no rational reason why that's not included in the price.

There is no need to pay thousands of dollars to store the image directly in the blockchain and have it replicated on every full node. The image itself can be stored elsewhere. As long as someone like the NFT owner keeps a copy of the file it's trivial to show that the content matches the hash on the blockchain.

If a particular NFT doesn't include a hash or some other immutable, detailed description of the content t. Many projects store the images on IPFS and so they are not just going to disappear.

And some projects store the image or code to generate the image on the blockchain itself, but this is tricky since the size that can be stored on blockchain is limited. Not even that. You bought an entry in the blockchain that says "whatever is located at example. The NFTs being talked about here are not recognized as proof of ownership of anything by any notable government.

This is no different than anyone downloading everything the public domain ever existed and saying they "pirated" it. I'm not sure why its so hard to understand that all you are getting with an NFT is the exclusive rights to the data contained within the blockchain with that particular address. What that data represents is entirely up to you and whoever you convince that of that it matters. This is no different. What's so special about the "original" Mona Lisa really?

You can get a copy of the image anywhere. The only difference is its a specific set of paint on a specific canvas. Why is that specific set of items so special compared to any other canvas or paint? It can't be the image because you can just copy that with a right-click save-as from google right now to get a copy of the Mona Lisa.

So someone said because we think that this one dead guy put the paint there and because he was really known by a lot. An image of the Mona Lisa is not the Mona Lisa, not even close. If you can't understand that, you have no idea what you'. If you can't understand that, you have no idea what you're looking at. And you prove my point. A copy of a jpg of an NFT isn't the NFT in question, if you can't figure that out you have no idea what you're looking at.

I'm not sure why Jackson Pollock sells either or any of the thousands of other artists that did something absurd first and yet they do. Can you explain that? That would be true if you don't count the unique data in the blockchain that makes it an NFT.

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