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An artwork that's a bunch of 1s and 0s and totally reliant on the presence of electricity in order to be seen. Someone's having a laugh - all the way to the ba

An artwork that's a bunch of 1s and 0s and totally reliant on the presence of electricity in order to be seen. Someone's having a laugh - all the way to the bank

blacksmith_tb 6y ago
Of course the $60M is also a string of zeros and ones unless it's converted into something tangible...
- sunshinerag 6y ago
  nice insight
- fortyseven 6y ago
  Going to go ahead and assume a glossy color print out of your "digital property" at Kinkos is going to make your imaginary scam purchase more tangible.
PretzelPirate 6y ago
The eventual goal in the NFT space is interoperability with other service. For example, this NFT may eventually give me the ability to display a verified copy of this art in a virtual world. Other people can display the same art, but theirs wouldn’t be verified. This is like me buying a high-quality replica of a statue and displaying it at home. It may be good enough for me, but not for people who care about owning “the original”, which this NFT would represent. As we go closer and closer to spending our time in 3D worlds (which already require electricity to be seen) and owning property in them (think second life, decentraland, eve online), the value of physical “originals” vs digital “originals” starts to blur.
- pixelbath 6y ago
  It's a nice thought, but "the original" of nearly all (current) digital goods is a meaningless concept when all copies are identical. I can see this sort of thing being meaningful for some of the specific things you mention (virtual property and the like), but all I currently see is a gold rush to tie digital assets to NFTs before the feeding frenzy is over. I'm seeing people tying art assets they didn't even create to NFTs and calling those "original" which only adds value for the creator of the NFT instead of the asset itself. Congrats to Beeple for being able to cash out something he was otherwise doing for free anyway, though. I hope any artist doing similar has similar results.
  - scsilver 6y ago
    Its not meaningless if you have legal rights to it. NFT's are just an accessible way of justifying rights of some sort. I'd rather use an NFT than iLok or something.
- EricE 6y ago
  >the value of physical “originals” vs digital “originals” starts to blur. People have been spouting this for decades but it still isn't remotely sane. Until you no longer need to exist in teh physical world there will ALWAYS be a bright line between the two. Shed your corporeal form and then we can talk.
- monkeydreams 6y ago
  I struggle to find a use-case for which NFT is the answer. NFTs are not presentable, in the same way that an original artwork is presentable. They do not denote ownership or IP control of the article in question (which would be a use case, albeit one with much more efficient answers). And nothing prevents people from registering the NFT token against artwork they do not own, possess or control. I just cannot see how this is anything other than a process for turning coal into a passing vanity. This has the stink of coin bros all over it.
deleted 6y ago
[deleted]

An artwork that's a bunch of 1s and 0s and totally reliant on the presence of electricity in order to be seen. Someone's having a laugh - all the way to the bank

blacksmith_tb 6y ago

Of course the $60M is also a string of zeros and ones unless it's converted into something tangible...

sunshinerag 6y ago
nice insight
fortyseven 6y ago
Going to go ahead and assume a glossy color print out of your "digital property" at Kinkos is going to make your imaginary scam purchase more tangible.

PretzelPirate 6y ago

The eventual goal in the NFT space is interoperability with other service. For example, this NFT may eventually give me the ability to display a verified copy of this art in a virtual world. Other people can display the same art, but theirs wouldn’t be verified. This is like me buying a high-quality replica of a statue and displaying it at home. It may be good enough for me, but not for people who care about owning “the original”, which this NFT would represent. As we go closer and closer to spending our time in 3D worlds (which already require electricity to be seen) and owning property in them (think second life, decentraland, eve online), the value of physical “originals” vs digital “originals” starts to blur.

pixelbath 6y ago
It's a nice thought, but "the original" of nearly all (current) digital goods is a meaningless concept when all copies are identical. I can see this sort of thing being meaningful for some of the specific things you mention (virtual property and the like), but all I currently see is a gold rush to tie digital assets to NFTs before the feeding frenzy is over. I'm seeing people tying art assets they didn't even create to NFTs and calling those "original" which only adds value for the creator of the NFT instead of the asset itself. Congrats to Beeple for being able to cash out something he was otherwise doing for free anyway, though. I hope any artist doing similar has similar results.
- scsilver 6y ago
  Its not meaningless if you have legal rights to it. NFT's are just an accessible way of justifying rights of some sort. I'd rather use an NFT than iLok or something.
EricE 6y ago
>the value of physical “originals” vs digital “originals” starts to blur. People have been spouting this for decades but it still isn't remotely sane. Until you no longer need to exist in teh physical world there will ALWAYS be a bright line between the two. Shed your corporeal form and then we can talk.
monkeydreams 6y ago
I struggle to find a use-case for which NFT is the answer. NFTs are not presentable, in the same way that an original artwork is presentable. They do not denote ownership or IP control of the article in question (which would be a use case, albeit one with much more efficient answers). And nothing prevents people from registering the NFT token against artwork they do not own, possess or control. I just cannot see how this is anything other than a process for turning coal into a passing vanity. This has the stink of coin bros all over it.

deleted 6y ago

[deleted]