zlacker

[parent] [thread] 3 comments
1. rasz+(OP)[view] [source] 2022-01-21 00:02:11
>will reveal it’s not the authentic one

you think there is a central authority deciding authenticity?

replies(2): >>creato+H8 >>dmarco+d9
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2. creato+H8[view] [source] 2022-01-21 01:00:39
>>rasz+(OP)
There is! Even though crypto is supposed to be decentralized, OpenSeas has taken up the task of marking fraudulent/fake NFTs on their website. They are usually still purchasable on the blockchain, but the websites through which you view the NFTs show it as suspicious, stolen, or fraudulent.

Makes you wonder if they should have just used a centralized ledger in the first place if this was going to be how things are run.

replies(1): >>dmarco+K9
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3. dmarco+d9[view] [source] 2022-01-21 01:04:02
>>rasz+(OP)
You can see the wallet that setup the smart contract, when it happened, and also see all the transaction history of NFTs in the collection.

That’s one of the advantages of a public ledger. Anyone can run the forensics. No need of a central authority.

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4. dmarco+K9[view] [source] [discussion] 2022-01-21 01:08:56
>>creato+H8
Opensea indeed helps reduce the noise but you can also do it yourself. If you show me a fake BAYC NFT(Bored Ape Yacht Club) I can tell you if it’s authentic just by looking at the blockchain (smart contract address and transaction history for instance)
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