Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.

L4sBot@lemmy.worldmod to Technology@lemmy.world – 840 points –
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
markets.businessinsider.com

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

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What about the rights of the creator and fair compensation? That argument alone is driving the entire backlash against AI and AI created art whereby people's work was read and incorporated in some level without restriction, why not here too?

You bought it, it should be yours to do with in perpetuity as you please.

So you're pro-DRM then if it helps content creators sell one copy per customer?

People can buy multiple copies if so they wish to. Most digital sellers are perfectly happy to charge you multiple times for things you technically already own. Artificial scarcity by way of limiting a digital good is unethical.

I was under the impression that the main point of DRM was to prevent blanket copying of a product and sharing with others who haven't purchased said product.

If I buy an e-book I should be able to read it on any device I want. If I purchase software I should be able to install it and use it on as many devices I own that I want.

You can't buy a book, print off a ton of copies, and then sell those copies. You can do whatever you want with your book, lend out, give it away, but you're not allowed to profit off it.

Sure you are. You're allowed to sell it to a book store, and if it's somehow more valuable than what you paid when you bought it, you profit.

You can't make copies and then sell those copies to the book store

Legally I cannot, but physically the book does not come with a device that prevents me from doing so.

What about the rights of the creator and fair compensation

That's why you get paid up front for your work.

We should worry more about what corporations are doing with people's work, than what individuals are doing with what they've paid for.

Or simply, if someone's profiting off of someone else's work, then worry about the rules.

I guess this is kind of my point. The general left consensus on copyrights, creator's content, DRM, and AI is not founded a position of principles, it's foundation is seemingly only what serves the end goal which is whatever is perceived to help middle/lower class the most.

Which of course I can totally get down with, but I just resent that everyone covers their arguments as if it's coming from a principled idea when in actuality they hold little principles on the matter and just want an end goal.

Copyright only exists to serve society, to promote the creation of content. It's not about restricting anything, other than as far as it helps more people create, more creation happen. Corporations stomping on individuals does not promote creation.