|
Log in to post
|
Print Thread |
|
|
|
|
|
Off-Topic
|
Joined: Jun 2021
Posts: 1,688
Expert
|
Expert
Joined: Jun 2021
Posts: 1,688 |
AFAICS it's a bit like buying a signed limited-edition print. Other people can have copies of the print, but only the buyers have the signature. The whole blockchain thing of course has other applications, but this, I think, paints a pretty good picture of what's going on with digital art NFTs. You create a valueless entity and engage with other speculators in the hope of driving it up. Conceptually, it's like selling a notarized statement that someone owns the RAM token of the MP3 of "My Way" you played on your computer on a certain occasion.
Last edited by Mark Hayes; 03/31/22 04:27 AM.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: May 2012
Posts: 2,902
Veteran
|
|
OP
Veteran
Joined: May 2012
Posts: 2,902 |
AFAICS it's a bit like buying a signed limited-edition print. Other people can have copies of the print, but only the buyers have the signature. The whole blockchain thing of course has other applications, but this, I think, paints a pretty good picture of what's going on with digital art NFTs. You create a valueless entity and engage with other speculators in the hope of driving it up. Conceptually, it's like selling a notarized statement that someone owns the token of the MP3 of "My Way" you played on your computer on a certain occasion. I’m not sure that they are all valueless. Sure, there are some that are valueless but imagine that Picasso had created an NFT of the scribble he did on the napkin. That would not be valueless.
LyricLab A.I assisted chords and lyric app. Export lyrics and import directly into Band-in-a-Box 2024. https://lyriclab.net Play-along with songs you know and love, download SGU files https://playiit.com/
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jun 2021
Posts: 1,688
Expert
|
|
Expert
Joined: Jun 2021
Posts: 1,688 |
AFAICS it's a bit like buying a signed limited-edition print. Other people can have copies of the print, but only the buyers have the signature The whole blockchain thing of course has other applications, but this, I think, paints a pretty good picture of what's going on with digital art NFTs. You create a valueless entity and engage with other speculators in the hope of driving it up. Conceptually, it's like selling a notarized statement that someone owns the token of the MP3 of "My Way" you played on your computer on a certain occasion. I’m not sure that they are all valueless. Sure, there are some that are valueless but imagine that Picasso had created an NFT of the scribble he did on the napkin. That would not be valueless. I'm not saying the associated art is valueless. In your Picasso scenario, the art would have its usual value and the NFT would have whatever value is generated by speculation. You could actually buy and sell the painting and the NFT separately. One is a painting, the other is a cryptographic entity on a blockchain. You could even create an NFT of the NFT, and buy and sell that independently of the other two. You might become rich that way!
Last edited by Mark Hayes; 03/31/22 04:40 AM.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: May 2012
Posts: 2,902
Veteran
|
|
OP
Veteran
Joined: May 2012
Posts: 2,902 |
AFAICS it's a bit like buying a signed limited-edition print. Other people can have copies of the print, but only the buyers have the signature The whole blockchain thing of course has other applications, but this, I think, paints a pretty good picture of what's going on with digital art NFTs. You create a valueless entity and engage with other speculators in the hope of driving it up. Conceptually, it's like selling a notarized statement that someone owns the token of the MP3 of "My Way" you played on your computer on a certain occasion. I’m not sure that they are all valueless. Sure, there are some that are valueless but imagine that Picasso had created an NFT of the scribble he did on the napkin. That would not be valueless. I'm not saying the associated art is valueless. In your Picasso scenario, the art would have its usual value and the NFT would have whatever value is generated by speculation. You could actually buy and sell the painting and the NFT separately. One is a painting, the other is a cryptographic entity on a blockchain. You could even create an NFT of the NFT, and buy and sell that independently of the other two. You might become rich that way! I’m not sure I understand your point. Some art is made on the computer. It is only digital. There is no physical painting. You could argue the music is an example of “digital art”.
LyricLab A.I assisted chords and lyric app. Export lyrics and import directly into Band-in-a-Box 2024. https://lyriclab.net Play-along with songs you know and love, download SGU files https://playiit.com/
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jul 2000
Posts: 25,877
Veteran
|
|
Veteran
Joined: Jul 2000
Posts: 25,877 |
I think that it would be very enlightening if you keep us informed. Thank you.
BIAB 2024 Win Audiophile. Software: Studio One 6.5 Pro, Swam horns, Acoustica-7, Notion 6; Win 11 Home. Hardware: Intel i9, 32 Gb; Roland Integra-7, Presonus Studio 192, Presonus Faderport 8, Royer 121, Adam Sub8 & Neumann 120 monitors
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jun 2021
Posts: 1,688
Expert
|
|
Expert
Joined: Jun 2021
Posts: 1,688 |
You could argue the music is an example of “digital art” Not in question. Which is why audio tokens of songs are sold, for download or streaming, on services like Apple Music or personal websites. My point is that creating an NFT creates nothing new of value, it only provides a way for people to (A) speculate, in the hope of making money, (B) donate to people they like, or (C) fool around with fun tech stuff for the hell of it. Nothing wrong with any of that, per se, but as outlined in the wiki article, there are reasons for caution.
Last edited by Mark Hayes; 03/31/22 04:58 AM.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: May 2012
Posts: 2,902
Veteran
|
|
OP
Veteran
Joined: May 2012
Posts: 2,902 |
You could argue the music is an example of “digital art” Not in question. Which is why audio tokens of songs are sold, for download or streaming, on services like Apple Music or personal websites. My point is that creating an NFT creates nothing new of value, it only provides a way for people to (A) speculate, in the hope of making money, (B) donate to people they like, or (C) fool around with fun tech stuff for the hell of it. Nothing wrong with any of that, per se, but as outlined in the wiki article, there are reasons for caution. Or (D) own something they love.
LyricLab A.I assisted chords and lyric app. Export lyrics and import directly into Band-in-a-Box 2024. https://lyriclab.net Play-along with songs you know and love, download SGU files https://playiit.com/
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Nov 2003
Posts: 614
Journeyman
|
|
Journeyman
Joined: Nov 2003
Posts: 614 |
To my way of thinking NFT's are as likely to be pirated and resold as anything else. To do that, one would have to break the encryption.
Byron Dickens BIAB. CbB. Mixbus 32C 8 HP Envy. Intel core i7. 16GB RAM W10. Focusrite Scarlett 18i 20. Various instruments played with varying degrees of proficiency. https://soundcloud.com/athanorsoundlabs
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Oct 2008
Posts: 730
Journeyman
|
|
Journeyman
Joined: Oct 2008
Posts: 730 |
NFTs are supposed to gain value due the limited availability of whatever it is you are selling. It is the proof of ownership that is the limited part. I think it is a scheme and probably will be hugely popular. Who knows what is going to happen with all this stuff?
My wife asked if I had seen the dog bowl. I told her I didn't even know he could.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Apr 2010
Posts: 5,139
Veteran
|
|
Veteran
Joined: Apr 2010
Posts: 5,139 |
Old Phineas Taylor Barnum is smiling for sure.  Regards, Bob
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jul 2019
Posts: 275
Apprentice
|
|
Apprentice
Joined: Jul 2019
Posts: 275 |
I hate to upset you, but yes it can be done.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: May 2012
Posts: 2,902
Veteran
|
|
OP
Veteran
Joined: May 2012
Posts: 2,902 |
I hate to upset you, but yes it can be done. You would have to hack, undetected, into thousands upon thousands of computers on which copies of the block chain ledger are stored. It’s not possible. NFTs can be lost and they can be stolen but they can’t be pirated.
LyricLab A.I assisted chords and lyric app. Export lyrics and import directly into Band-in-a-Box 2024. https://lyriclab.net Play-along with songs you know and love, download SGU files https://playiit.com/
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jul 2019
Posts: 275
Apprentice
|
|
Apprentice
Joined: Jul 2019
Posts: 275 |
And you really think that there are people out there that cannot do that. Not many, but they are there. They are called hackers.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Sep 2010
Posts: 6,665
Veteran
|
|
Veteran
Joined: Sep 2010
Posts: 6,665 |
NFTs are supposed to gain value due the limited availability of whatever it is you are selling. It is the proof of ownership that is the limited part. I think it is a scheme and probably will be hugely popular. This is 100% accurate. It's already hugely popular. But it's not sustainable. The value of NFTs is entirely based on the expectation that the future value of the NFT will rise, because people are expecting someone in the future will pay more than they did. But the price of something can't continue to rise forever, as people don't have an infinite amount of disposable income. At some point, an NFT will reach an equilibrium price, where the perceived future price is lower that the selling price. Since the only value of an NFT is that it will have a higher price in the future, the last person to purchase the NFT will be stuck holding something of negative value - they can only sell at a loss. The tipping point for NFTs happens when collective value of negative valued NFTs outweights the sum speculative value of new NFTs. At that point, it's game over for that NFT market.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Sep 2010
Posts: 6,665
Veteran
|
|
Veteran
Joined: Sep 2010
Posts: 6,665 |
You would have to hack, undetected, into thousands upon thousands of computers on which copies of the block chain ledger are stored. It’s not possible. NFTs can be lost and they can be stolen but they can’t be pirated. The blockchain assumes it's too big to fail. Unfortunately, there are a lot of sufficiently large bad actors who could prove this wrong. The people who say the blockchain "can't" be hacked are either promoting cryptocurrencies, or lack sufficient imagination.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Mar 2018
Posts: 5,791
Veteran
|
|
Veteran
Joined: Mar 2018
Posts: 5,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jun 2021
Posts: 1,688
Expert
|
|
Expert
Joined: Jun 2021
Posts: 1,688 |
The people who say the blockchain "can't" be hacked are either promoting cryptocurrencies, or lack sufficient imagination. Well, a blockchain certainly can’t be hacked by doing something naughty on thousands of personal computers at once, but that wouldn’t be the ticket anyway. You’d find a vulnerability and exploit it from a single node, injecting your toxic transaction and turning it loose to replicate.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: May 2012
Posts: 2,902
Veteran
|
|
OP
Veteran
Joined: May 2012
Posts: 2,902 |
It is an interesting debate for sure on whether the block chain can be hacked or not. I am sure that individual exchanges and wallets can be hacked (for example via the normal phishing type attacks) and the contents of that wallet or exchange can be stolen.
This is the same with any financial institution that has a digital offering.
The difference is that crypto is not regulated and these exchanges don’t have the means or insurance or processes to pay the clients back for what they have lost. Savvy investors know this and mitigate this risk by taking care of their credentials and researching what exchanges/block chains to get involved with. They also don’t put all their eggs in one basket.
But how would someone hack the actual block chain? If anyone has knowledge of how the block chain actually works and has any feasible theories on how this could be done I would love to know because the Bahamas are waiting for me
Last edited by JoanneCooper; 03/31/22 07:01 PM.
LyricLab A.I assisted chords and lyric app. Export lyrics and import directly into Band-in-a-Box 2024. https://lyriclab.net Play-along with songs you know and love, download SGU files https://playiit.com/
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jul 2019
Posts: 275
Apprentice
|
|
Apprentice
Joined: Jul 2019
Posts: 275 |
Asking how it would be possible is rather like asking a magician how he does a spectacular trick. You have nothing to fear about it happening to your piece of music. Anyone capable of doing such a thing is highly unlikely to try and do it with a $1 piece of music.
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-Topic
|
Joined: Jan 2015
Posts: 1,906
Expert
|
|
Expert
Joined: Jan 2015
Posts: 1,906 |
The value of NFTs is entirely based on the expectation that the future value of the NFT will rise, because people are expecting someone in the future will pay more than they did. ... which is, of course, the way all speculation works, from commodities to art. The trick is to estimate the effect well, and often enough, to gain more than the bad estimates lose.
Jazz relative beginner, starting at a much older age than was helpful.
Kawai MP6, Korg M50, Ui24R, Saffire Pro 40.
AVL:MXE Linux; Windows 11; Win8.1: Scarletts
BIAB2022 UltraPAK, Reaper, a bunch of stuff.
|
|
|
|
|
|
|
|
|
|
|
|
Ask sales and support questions about Band-in-a-Box using natural language.
ChatPG's knowledge base includes the full Band-in-a-Box User Manual and sales information from the website.
|
|
|
|
|
|
|
|
|
|
|
User Video: Next-Level AI Music Editing with ACE Studio and Band-in-a-Box®
Band-in-a-Box® 2024 German for Windows is Here!
Band-in-a-Box® 2024 für Windows Deutsch ist verfügbar!
Wir waren fleißig und haben über 50 neue Funktionen und eine erstaunliche Sammlung neuer Inhalte hinzugefügt, darunter 222 RealTracks, neue RealStyles, MIDI SuperTracks, Instrumental Studies, "Songs with Vocals" Artist Performance Sets, abspielbare RealTracks Set 3, abspielbare RealDrums Set 2, zwei neue Sets von "RealDrums Stems", XPro Styles PAK 6, Xtra Styles PAK 17 und mehr!
Paket | Was ist Neu
Update Your PowerTracks Pro Audio 2024 Today!
The Newest RealBand 2024 Update is Here!
The newest RealBand 2024 Build 5 update is now available!
Download and install this to your RealBand 2024 for updated print options, streamlined loading and saving of .SGU & MGU (BB) files, and to add a number of program adjustments that address user-reported bugs and concerns.
This free update is available to all RealBand 2024 users. To learn more about this update and download it, head to www.pgmusic.com/support.realband.htm#20245
The Band-in-a-Box® Flash Drive Backup Option
Today (April 5) is National Flash Drive Day!
Did you know... not only can you download your Band-in-a-Box® Pro, MegaPAK, or PlusPAK purchase - you can also choose to add a flash drive backup copy with the installation files for only $15? It even comes with a Band-in-a-Box® keychain!
For the larger Band-in-a-Box® packages (UltraPAK, UltraPAK+, Audiophile Edition), the hard drive backup copy is available for only $25. This will include a preinstalled and ready to use program, along with your installation files.
Backup copies are offered during the checkout process on our website.
Already purchased your e-delivery version, and now you wish you had a backup copy? It's not too late! If your purchase was for the current version of Band-in-a-Box®, you can still reach out to our team directly to place your backup copy order!
Note: the Band-in-a-Box® keychain is only included with flash drive backup copies, and cannot be purchased separately.
Handy flash drive tip: Always try plugging in a USB device the wrong way first? If your flash drive (or other USB plug) doesn't have a symbol to indicate which way is up, look for the side with a seam on the metal connector (it only has a line across one side) - that's the side that either faces down or to the left, depending on your port placement.
Update your Band-in-a-Box® 2024 for Windows® Today!
Update your Band-in-a-Box® 2024 for Windows for free with build 1111!
With this update, there's more control when saving images from the Print Preview window, we've added defaults to the MultiPicker for sorting and font size, updated printing options, updated RealTracks and other content, and addressed user-reported issues with the StylePicker, MIDI Soloists, key signature changes, and more!
Learn more about this free update for Band-in-a-Box® 2024 for Windows at www.pgmusic.com/support_windowsupdates.htm#1111
Band-in-a-Box® 2024 Review: 4.75 out of 5 Stars!
If you're looking for a in-depth review of the newest Band-in-a-Box® 2024 for Windows version, you'll definitely find it with Sound-Guy's latest review, Band-in-a-Box® 2024 for Windows Review: Incredible new capabilities to experiment, compose, arrange and mix songs.
A few excerpts:
"The Tracks view is possibly the single most powerful addition in 2024 and opens up a new way to edit and generate accompaniments. Combined with the new MultiPicker Library Window, it makes BIAB nearly perfect as an 'intelligent' composer/arranger program."
"MIDI SuperTracks partial generation showing six variations – each time the section is generated it can be instantly auditioned, re-generated or backed out to a previous generation – and you can do this with any track type. This is MAJOR! This takes musical experimentation and honing an arrangement to a new level, and faster than ever."
"Band in a Box continues to be an expansive musical tool-set for both novice and experienced musicians to experiment, compose, arrange and mix songs, as well as an extensive educational resource. It is huge, with hundreds of functions, more than any one person is likely to ever use. Yet, so is any DAW that I have used. BIAB can do some things that no DAW does, and this year BIAB has more DAW-like functions than ever."
|
|
|
|
|
|
|
|
|
|
|
|
Forums66
Topics81,660
Posts735,521
Members38,528
| |
Most Online2,537
Jan 19th, 2020
|
|
|
|
|
|
|
|
|
Dansk
Deutsch - Windows
Español
Français - Windows
Italiano - Windows
Nederlands
Polski
Português
Svenskt
русский
Japanese
Simplified Chinese
Traditional Chinese
Korean