It failed because owning digital collectables is dumb or because block chain failed to create immutable cryptographic proofs and history that could be read by anyone? I think your missing the forest for the trees. Confusing a demo case for the tech that made it possible.
It failed because an “immutable cryptographic proof” that the information being represented is valid is about as useful as a handwritten certificate that says you own Sagittarius.
Cryptography cannot verify your ownership of Sagittarius; it is not an authority. It cannot prevent you from claiming you do, either: anybody can enter whatever they want into the system.
And funny enough, this cryptographic lock and key isn’t even undisputable. If you have a dated record from 2020, and someone else wants it, they can just verify theirs on a different chain. Who is to say which chain is “more correct”? The dates? Dates don’t matter. If you were unlucky enough not to publish your work before someone else does, you don’t cryptographically own your work. If you were lucky and you had published, someone else can just lie that they weren’t ready and you stole it from them. So, even with all of our fancy math, we’re still back to he-said, she-said.
Worse, most blockchain records I know of are way too small for images, let alone video, so all they do is cryptographically “verify” URLs to the work. What exactly is the point of this? Can the files served by these URLs not simply be… changed?
I know they can be changed because C2PA has this very same, exact problem.
The blockchain is, at best, a database. The fact that it’s public doesn’t mean anything—it might be worse, even.
Why bother reinventing all of this? We have institutions already that keep records. What social good is bought from having the most public of all records?
Blockchain is a synchronization and consensus mechanism that provides an authoritative record. None of your issues are unique to blockchains if multi possible authorities exist they way have conflicting rules and records. Blockchains just allow the addition of new entities and users without the traditional costs and scaling issues of existing organization is.
Great response on why NFTs are lame for what most are being used for.
I play some blockchain games where the NFT represents digital items, and the only real use case for it being on blockchain is having the marketplace to trade in game items for money. And that doesn’t even need to be blockchain, it’s like an overengineered steam marketplace.
It failed because owning digital collectables is dumb or because block chain failed to create immutable cryptographic proofs and history that could be read by anyone? I think your missing the forest for the trees. Confusing a demo case for the tech that made it possible.
It failed because an “immutable cryptographic proof” that the information being represented is valid is about as useful as a handwritten certificate that says you own Sagittarius.
Cryptography cannot verify your ownership of Sagittarius; it is not an authority. It cannot prevent you from claiming you do, either: anybody can enter whatever they want into the system.
And funny enough, this cryptographic lock and key isn’t even undisputable. If you have a dated record from 2020, and someone else wants it, they can just verify theirs on a different chain. Who is to say which chain is “more correct”? The dates? Dates don’t matter. If you were unlucky enough not to publish your work before someone else does, you don’t cryptographically own your work. If you were lucky and you had published, someone else can just lie that they weren’t ready and you stole it from them. So, even with all of our fancy math, we’re still back to he-said, she-said.
Worse, most blockchain records I know of are way too small for images, let alone video, so all they do is cryptographically “verify” URLs to the work. What exactly is the point of this? Can the files served by these URLs not simply be… changed?
I know they can be changed because C2PA has this very same, exact problem.
The blockchain is, at best, a database. The fact that it’s public doesn’t mean anything—it might be worse, even.
Why bother reinventing all of this? We have institutions already that keep records. What social good is bought from having the most public of all records?
Blockchain is a synchronization and consensus mechanism that provides an authoritative record. None of your issues are unique to blockchains if multi possible authorities exist they way have conflicting rules and records. Blockchains just allow the addition of new entities and users without the traditional costs and scaling issues of existing organization is.
Great response on why NFTs are lame for what most are being used for.
I play some blockchain games where the NFT represents digital items, and the only real use case for it being on blockchain is having the marketplace to trade in game items for money. And that doesn’t even need to be blockchain, it’s like an overengineered steam marketplace.