<story><title>“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs</title><url>https://torrentfreak.com/the-nft-bay-shares-multi-terabyte-archive-of-pirated-nfts-211118/</url></story><parent_chain><item><author>tomp</author><text>Reminds me of Moon Shares from like 20 years ago. You could buy property on the moon and the company would verify ownership for you.&lt;p&gt;Although this is totally different, because it’s blockchain.</text></item><item><author>judge2020</author><text>Isn’t the point of NFTs that it verifies ownership, not “you’re the only one that can access the content” (although there are indeed NFTs that can only allow the owner to decrypt the content)? It’s like video game cosmetics - many people can have the same skin, but people you want to impress or show off to can see that you own x, y, and z.</text></item></parent_chain><comment><author>Vetch</author><text>NFTs are probably best thought of as a recapitulation of status goods into the digital world, outside video games. The physical good versions has never made sense to me either.&lt;p&gt;Thorstein Veblen already in the late 1800s had pointed out that an object&amp;#x27;s utility as a status signal increases in tandem with its uselessness. The object must then also be recognized among peers as difficult to obtain. For the moon shares analogy to work, being objectively worthless or grossly overvalued is insufficient, it had to have also been exclusive and coveted among the &amp;quot;high class&amp;quot;.</text></comment>
<story><title>“The NFT Bay” Shares Multi-Terabyte Archive of ‘Pirated’ NFTs</title><url>https://torrentfreak.com/the-nft-bay-shares-multi-terabyte-archive-of-pirated-nfts-211118/</url></story><parent_chain><item><author>tomp</author><text>Reminds me of Moon Shares from like 20 years ago. You could buy property on the moon and the company would verify ownership for you.&lt;p&gt;Although this is totally different, because it’s blockchain.</text></item><item><author>judge2020</author><text>Isn’t the point of NFTs that it verifies ownership, not “you’re the only one that can access the content” (although there are indeed NFTs that can only allow the owner to decrypt the content)? It’s like video game cosmetics - many people can have the same skin, but people you want to impress or show off to can see that you own x, y, and z.</text></item></parent_chain><comment><author>xondono</author><text>&amp;gt; Although this is totally different, because it’s blockchain.&lt;p&gt;Except the blockchain only keeps the url, so the “content” doesn’t get any of the properties of the blockchain</text></comment>