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Rune :BlobhajShock: via Rysiekúr Memesson 🇺🇦

Mon, 08 Nov 2021 18:18:45 +0100 from ActivityPub

@Hyolobrika @sofia @rysiek This is either incredible satire or a testament to the sad state of NFTs 😂

"guarantees of the uniqueness and long-term value of NFTs"

A license that has to be enforced by a centralized court system can't possibly be reconciled with the core values of blockchains and NFTs.

If their NFT isn't "unique" then it's not nonfungible. And if their decentralized blockchain solution requires a centralized court system to work then it's not decentralized 😂

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Rysiekúr Memesson 🇺🇦

Mon, 08 Nov 2021 18:21:30 +0100 from ActivityPub

@rune @Hyolobrika @sofia coinbros not intellectually consistent? Shocked, I am!

Rune :BlobhajShock:

Mon, 08 Nov 2021 18:28:34 +0100 from ActivityPub

@rysiek @Hyolobrika @sofia I think it's interesting because it clearly indicates that some people using NFTs misunderstood what an NFT does and now they're trying to shoehorn NFTs into a solution that satisfies their real need.

But if the problem is solved through copyright, then the NFT component is just a energy wasting buzzword.

Rysiekúr Memesson 🇺🇦

Mon, 08 Nov 2021 18:30:26 +0100 from ActivityPub

@rune @Hyolobrika @sofia NFT *is* just an energy wasting buzzword.

Rune :BlobhajShock:

Mon, 08 Nov 2021 18:40:44 +0100 from ActivityPub

@rysiek who am I to say whether a cryptographic signature is worth something to someone else :blobshrug:

And if it's hosted on a proof of stake blockchain I would even support that persons right to use it.

But yeah, an NFT hosted on Ethereum is just a waste of energy.

Hyolobrika

Mon, 08 Nov 2021 22:14:54 +0100

@rysiek @rune @sofia NFTs don't always waste energy (see proof of stake) and they are not always a useless buzzword (if domain names were NFTs resolved by a blockchain lookup then that would make them decentralised for a change). NFT 'art' is absolute bullshit though, I agree

Rysiekúr Memesson 🇺🇦

Tue, 09 Nov 2021 09:14:41 +0100 from ActivityPub

@Hyolobrika @sofia @rune domain names on any kind of blockchain will lead to pool of names being depleted gradually, as people forget their passwords, lose access their private keys, and so on.

They also (by design) do not provide any possibility of human intervention. Somebody tricks you and steals your domain from you? You're shit out of luck my friend, time to change the name of your company or organization. Nothing can be done.

Unless of course, like with DAO, the developers decide that this is bad…

Rysiekúr Memesson 🇺🇦

Tue, 09 Nov 2021 09:23:58 +0100 from ActivityPub

@Hyolobrika @sofia @rune …and just hard-code certain changes (like in the case of DAO-related ETH hard-fork).

But then, how is this not centralized control? :thaenkin:

Finally, proof-of-stake means whoever gets to control >50% of voting power on the blockchain, controls the blockchain. Money equals power, yet again.

Thanks, I'll take the current (imperfect) DNS system over anything blockchainy.

(full disclosure, I work for the .IS registry; make of it what you will)

kwj

Tue, 09 Nov 2021 10:58:12 +0100

@Hyolobrika Proof of stake looks like everybody who has money will have more money, cause they can buy this stock/nft/whatever. Everybody who doesn't will have nothing, because they can't buy and stake.

Hyolobrika

Tue, 09 Nov 2021 14:37:30 +0100

@rysiek @sofia @rune That's a fair point. I suppose maybe a petname system is in order (although I don't really understand everything about them).
Or maybe, one could set up an m-of-n multisig wallet with (n-1) friends, and if you lose your private key, m friends can work together to transfer your domains to a new wallet. Maybe with the help of a smart contract, one could make it so that if the owner's key is used, they don't have to get the consent of (m-1) friends, but if it isn't, it becomes m-of-n.

Hyolobrika

Tue, 09 Nov 2021 14:42:32 +0100

@rysiek @sofia @rune
The Ethereum devs were only able to do that with the consent of the nodes. And they weren't 100% successful. Nodes that did not agree, stayed with the old version of the blockchain, and that's the origin of Ethereum Classic.

As for PoS being rule of the rich, well, everything is rule of the rich, including DNS. How much do you have to pay to own a TLD again? I'd also prefer the possible middling centralisation of PoS over the explicit and extreme centralisation of DNS anyday.

Rysiekúr Memesson 🇺🇦

Tue, 09 Nov 2021 14:42:44 +0100 from ActivityPub

@Hyolobrika @sofia @rune and then somebody will offer a service of being some of those ms, and lo and behold we are back in registry model, just with way more wasted cycles. 😉

Joking, but only slightly.

Rysiekúr Memesson 🇺🇦

Tue, 09 Nov 2021 15:20:38 +0100 from ActivityPub

@Hyolobrika @sofia @rune that's a fair view, of course.

My problem is that even with the "extreme centralization" of DNS, there is a way to stop some bad outcomes (remember .org sale that got stopped?).

Meanwhile, if it's blockchain, seller sells buyer buys, and that's it, whether you like it or not.

Rune :BlobhajShock:

Tue, 09 Nov 2021 15:39:45 +0100 from ActivityPub

@rysiek @Hyolobrika @sofia A blockchain solution would also completely break the very intentional rules laid out for some TLD's.

For example rules that help deal with typo squatting and domain squatting.

The ethos of blockchain is removing regulation, and that ethos is bad.