Quote:
Originally Posted by zijlstravideo
I quoted that because those claims don't really make much sense.
Let's say I would purchase one of your NFT's, where would that video file actually be located?
On one of your servers...
So.... What's stopping me from sharing your files after I've purchased your NFTs and downloaded the content of your server? What's the actual difference between selling video as an NFT in comparison to selling video using a regular pay wall? Both ways - I would make a payment and download the media files from the very same server.
How is that ever going to prevent piracy?
Don't get me wrong, I like the concept of NFT's, if used in projects such as Decentraland. But for regular media selling (like video's), it's just a glorified pay-wall, which doesn't do anything to solve piracy issues.
NFTs are now mainly used to sell media 1000x its real value, sounds familiar? The kind of hype which will never last long. It's like the 2017 ICO craze. Normally these small start-up companies would be worth absolutely nothing, so they would just publish a white paper, create some random placeholder token (which takes zero skills), and suddenly those small start-up companies would be worth millions in value thanks to all investors. You can sparkle glitters on a turd, but it's still the same turd. Just attaching some sort of blockchain/token to a project or company shouldn't suddenly make its value go up by 1000 times.
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Each token is unique and written out as a contract. So theoretically as long as the media item has a unique feature, which may be as simple as a serial number, then it would be easier to trace which contract has been breached and by who I suppose.
That’s the theory, not sure about in practice. I’ve noticed lots of contracts don’t transfer copyright and prohibit reselling or sharing - unless reselling the token itself - which may also have a royalty attached for the creator.