Poll of the Day > Did you hear about "Charlie Bit My Finger" being sold as NFT?

(+) Yeah! (+)

https://www.youtube.com/watch?v=_OBlgSz8sSM

Apparently we have until May 23rd to watch this video before it's removed from YouTube. Why? Because someone bought it at auction as a "non-fungible token." You may or may not have heard of these. Best I can understand is that it's like a cryptocoin, in that it's a unique piece of digital art/information that only you own.

This is the future we live in, people. Someone paid actual money to "own" a video that they're deluding themselves into thinking they can keep off of the Internet. They think they can buy this and be the only one to enjoy it. It'll never work. It hasn't worked for anything you can put on the Internet.

---

It's not that we will never be able to view the video again. It's really just a change of legal rights, and since youtube will no longer have them, it will not be on their platform.

shoot, even if the owner of the token never does anything, you can still view it on the chain if you know their wallet address. NFT's aren't about taking digital assets and hiding them from other people, it's more about having verifiable and transparent proof of ownership in the digital space.

can youtube really prevent that? can't someone just bot upload the video constantly on different accounts and continually make different accounts to prove the point that all of this is a stupid fucking idea in the first place and no media on the internet can be privatized?

Yes, and youtube will likely take them down akin to their copyrighted material policy.

I could write a smart contract and mint of million tokens that are identical the NFT purchased. Despite that, there is only one token created at that time, from that author, authorized by the creator. That's what people are purchasing.

Also, NFT's aren't limited to art. In the future, I imagine contracts of various types will be NFT's. Who wouldn't want the terms of their loan to be non-mutable, always available, and transparent?

It's fucking stupid and NFT is a scam

---

Yeah but who gives a shit about NFTs, if the video can still be posted to youtube over and over again what the fuck is the point lol. Why buy some dumb shit that can't really be yours

Zareth posted...

It's fucking stupid and NFT is a scam

Enjoy having your economy and important legal documents on super durable and tough paper.

ReggieTheReckless posted...

Yeah but who gives a shit about NFTs, if the video can still be posted to youtube over and over again what the fuck is the point lol. Why buy some dumb shit that can't really be yours

I imagine you don't buy a lot of digital content in general? I'm willing to bet you are a physical copy kind of person.

You really buy into this scam shit? Like for real? For really real?

The only NFT's I have are those that I received for free. I'm not an art collector, so I don't buy art to collect. As I've said before, NFT's are so much more than trading cards, youtube videos, art pieces, ect...

yfora.wam

is my WAX address, you are welcome to copy the content of my address and sell it. I don't think it will work out for you though. You can also try to delete or steal it as well, let me know how you do.

*edit*
This might help
https://wax.bloks.io/account/yfora.wam

good luck >_>b

IronBornCorps posted...

NFT's aren't about taking digital assets and hiding them from other people

That's exactly what any form of copyright enforcement is, and literally the only meaningful thing that anyone can do with "ownership" of these things. Owning these materials can result in exactly two outcomes: Either the content remains as accessible as it's always been because the owner just wants the NFT for the sake of collecting them, or the owner restricts access to the content because they want to capitalize on their ownership.

---

Ok, that's a fair assessment of NFT use case of copyright enforcement.

I definitely omitted owner discretion in terms of which chain it's stored. Private chains do exist, and are among other methods of controlling access levels.

So then this isn't really a NFT purchase and is actually a copyright buy? >_>


---

more or less, though you do get the token in the wallet of your choice. The NFT's are just a medium that allows the creators to define their value. When you have a contract, it's still just a piece of paper.

Zareth posted...

It's fucking stupid and NFT is a scam

if there is agreed upon value by the seller and the buyer, how is it a scam?

---

IronBornCorps posted...

Enjoy having your economy and important legal documents on super durable and tough paper.

Enjoy paying someone money for a meme picture that they didn't even make

---

This really isn't anything new. Different groups buy "rights" to various videos and try to scam or blackmail people into paying them bribes because youtube sucks at defending their creators.

This is basically what happened to MXR plays last year.

Zeus posted...

So then this isn't really a NFT purchase and is actually a copyright buy? >_>

Not really, the copyright to short videos is not practically enforceable, it would fail in court but people basically can't afford to defend themselves, but if you buy enough "rights" you can hold someones youtube account hostage since you can slap 3 strikes on them instantly and get them banned and be safe since random people on the internet don't have the funds or knowledge to fight you.

BlackScythe0 posted...

Not really, the copyright to short videos is not practically enforceable,

There are copyrights on photos. Are you trying to claim that copyrights don't exist on short videos when there are copyrights on photos, which is just ONE single moment rather than a short moment?

BlackScythe0 posted...

This really isn't anything new. Different groups buy "rights" to various videos and try to scam or blackmail people into paying them bribes because youtube sucks at defending their creators.

Wtf, dude? Want to provide a citation or something for a claim like that?

---