First, may I say it's such a pleasure to have these discussions with people such as your good selves! If you are wondering why I say that, I've just signed off on my last post at ATS, having finally had enough of the ignorance...
In essence i agree with all that you guys have added, but to add a bit more...

To Nab..
Resizing a JPEG image helps hide the most obvious effects of tampering, but there might still be clues left if the quality is not too bad. To name a few: inconsistencies in sharpening, shadows, colorimetry, digital noise, etc.
True - there are often traces left by clumsy work, and once you get down to below say half original size or less, it's really hard to do any serious analysis at all. And as for Youtube quality.. - useless.
Anyway, given we do get access to a useful original, there is still the very basic question - how difficult is it to manipulate an image in such a way that there are no traces of tampering?
It would require a lot of work. First the modification must be done without leaving any telltale sign, which is hard. Drawing something in Photoshop or copy-pasting CGI is not enough, a specific type of noise must be applied, and since cameras' firmware apply interpolation and sharpening filters they must be matched.
Getting the EXIF and compression parameters right and section and sub-section ordering and flavor (many different ways to encode JPEG) is the easy part. Then comes the bigger challenge of figuring out the encoding rules that the camera uses in parts that are not displayed in JPEGSnoop: just like junk DNA, these parts are seemingly meaningless, but not random. They can't be copied from an original because the new thumbnail, with a different size than the original, offsets everything that follows, which usually breaks unwritten rules...
Again, also true,
however, don't forget there are other tricks available to the hoaxer that can make life easier - eg re-photographing an image can give you all the right noise, compression patterns, sharpening, most of the exif data, etc.. (I won't go into further detail on the why's and wherefore's on that technique..

).
It is much easier to pretend that the original JPEG is lost, and only copies stored on flickr or ATS media remain.
Yes, but I don't think it's the majority of images that will cause a 'problem'. But one really good, knowledgable hoaxster could create quite a 'kerfuffle'..

I actually find it a little surprising that no truly good hoaxer has yet sprung up - the quality of the stories and evidence being provided by the current crop of fakers is just awful. With a lot of knowledge and a bit of cooperation, possibly/probably coordinated across the web, I reckon we are due for a few really big hoax attempts.
To Buckwild:
Not all tools are made available to the public, this is probably why Micah Kimo Johnson have big names (magazines, etc..) sending him material before they buy it.
Fair point, but as Nablator has elaborated, the issues are 'validation' methods are all quite well known - and while there is a degree of complexity in creating a 'perfect' hoax image, it is by no means out of reach of anyone with the desire and motivation. And the number of gullible folk out there - many with wallets - is plenty of motivation!
You sure raised a valid point but not all hoaxers are that good.
Yep, but it will only take a couple of goodun's to do a lot of damage. Having said that, in a way i think it's good - the more and better the hoaxes, the more people realise, once they get busted, that things can be faked very effectively and they become a lot more wary and hopefully look at the evidence surrounding the image instead.
That's (more than) probably why people like Jaime Maussan never want to give away original vids & pics when asked (I did in the past)
It's interesting to note that Jaime is now, in many circles, seen as the kiss of death! (Am I misreading that?) I think the mere fact that money grabbing (expletive)s like him are willing to offer money, and that the creators of the images and videos are seeking it so desperately, largely gives them away. I know if it was me, I would be posting my images freely and inviting the world to examine and interrogate my originals..!
(I'd look for endorsements *afterwards!*) I only use material (video-captures) that comes from astronomers and guess what ? That way I found, what I estimate, based on different criterias, what imo (& to my knowledge) constitutes the best UFO video ever.
Sounds interesting... but...
The video-capture is interesting in many ways (non-exhaustiv list)...
While all that is very intriguing, in a way this is my very point. At the end of the day, what would be the best possible outcome on this footage you have?
That it is unexplainable? That it is somehow proven alien? If the latter, I'm sure you would have that evidence by now! Thing is, I presume this event has not been recorded again, and is a one off? So, as I said above, in the grand scheme of things, what do you really have?
And even if you have several similar pieces of footage, then unless there is something compellingly alien (or whatever) about each of them.. well, all you have is several similar unexplained things, even if they are beautifully captured...
The thing is, I know I am not wasting my time and there is a reason why, I've seen UFOs. So I do not need to be convinced by anything or anyone. I don't believe, I just know, I know what features to look for (specialy in the flight behavior).
I don't quite get this - how can you 'know' what features to look for? Do you just mean "impossible with our known technology"? After all, a ufo is just an unidentified flying object - I've seen plenty of them too, but none that *now* make me think that we have been et-visited, or that my world view of aerodynamic possibilities is completely wrong. And while I wouldn't currently call myself an amateur astronomer (once was, but too lazy these days), I spend a
lot of time stargazing - it's one of my favorite pastimes. And I've yet to see any convincing footage that is so inexplicable or unexplainable to require alien intervention.. (And the alien hypothesis would not be my first choice for technologies/behavior that was simply unrecognisable.. it's not really a valid hypothesis anyway - it is based on no evidence whatsoever..)
Are ETs visiting/monitoring us ? That I do not know...but if this is true, then it's implications are just unmeasurable imo.
Well, yes, of course the implications would be large... but if all that they cause is a few odd lights in the night sky...? Not really all that interesting imo. If however they even just dropped in for five minutes in a very public way, shared a bit of undeniably alien technology, left a few books or videos about their culture

... now that would have implications...

But if belief in aliens requires that they be sneakin' around in the night sky (with lights on??), infiltrating gov'ts in a way that is effectively undetectable and the like, it just sounds like some tinfoil from those people who desperately want to blame society's woes on anything they can get a handle on, or perhaps dream that alien samaritans will be our salvation (or, in a huge conflagration kill off everyone who has made their life a misery, saving only the 'true of heart', etc..) - well, count me out.
Please note I'm not saying you are in that group, Buck, but
I'm looking for something a bit more compelling than a really cool one-off video..
Anyway, it's all good! Keep searching the skies, and I'd love to hear all about your find, when you are ready (if ever).
PS It's a beautifully balmy night here, and I'm about to hop on my little scooter and go for a ride of about 25km to a local beach, on some isolated backroads through sugar cane plantations (and lots of bugs!), well away from lights. I'll have my camera, as usual, but it's all satellites, planets, stars, planes and meteors around here most nights (oh and the 3/4 Moon tonight, of course..)
PPS - I've just checked the weather radar, and there is a big line of storms racing towards me, so I'm puttin' off my night ride, maybe tomorrow. Dang.
"To wear the mantle of Galileo, it is not enough that you be persecuted by an unkind establishment. You must also be right." - Robert L. Park (..almost)