629
submitted 1 year ago* (last edited 1 year ago) by yesman@lemmy.world to c/technology@lemmy.world

The way I read the article, the "worth millions" is the sum of the ransom demand.

The funny part is that the exploit is in the "smart" contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.

you are viewing a single comment's thread
view the rest of the comments
[-] Buddahriffic@lemmy.world 5 points 1 year ago

How would NFTs make any difference for Sony losing rights to a game and removing it from their servers? They still know who purchased it from their own records but still removed access entirely.

[-] deft@ttrpg.network 2 points 1 year ago

That's not what's being said here. Not Sony losing rights to a game, just entirely being unable to provide proof of ownership on digital content.

I've had Microsoft do this to me for Minecraft during their transition to owning it where they claimed I didn't own the game. I had to legitimately email them a picture of a receipt I owned to get my account back. Had I not had that receipt I'd not have the game.

I've never had Sony do this but I hear they've done this exact thing to people in other ways usually DLCs.

With NFTs there's a third party undeniable proof of purchase and ownership. It takes that whole side away from the distributor giving power to the consumer.

In a better world I could then sell that NFT and proof of purchase and the company would honor it for the person I sold it to allowing for the resale of digital content.

[-] sukhmel@programming.dev 3 points 1 year ago

It seems like this would solve the wrong problem with digital ownership. Even now the problem is not how to prove it, the problem is that you have to prove, and also that it's not ownership

this post was submitted on 17 Dec 2023
629 points (95.6% liked)

Technology

60148 readers
2081 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS