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Reasoning like this is why the world is insane. These comparisons are not equals. There is no bargain or great deal, there is only euphoria from people who figu
by bsenftner 6y ago
Reasoning like this is why the world is insane. These comparisons are not equals. There is no bargain or great deal, there is only euphoria from people who figured out a new way to shake the money tree. And "shaking the money tree" is a deep an understanding as many of these NFT grifters go. This is a signal, and that signal is increasing levels of fraud. Laypeople "share the fact" that the environmental expense of these NFT are what legitimize them, which is a bastardization of the concept to the degree they can't see the difference between the correct distinction and the pop culture watered down vague description.
- adnzzzzZ 6y agoWhy are you calling artists making a fair living off their work grifters and scammers? What's your problem?
- bsenftner 6y agoArtist making a fair living sell their art, this selling of NFTs is not them selling their art, they are selling an immaterial bragging right. It's insane.
- adnzzzzZ 6y agoIt's irrelevant what it is or isn't, people are paying money for their art. How can you tell someone like this guy https://twitter.com/deekaymotion https://twitter.com/deekaymotion who recently starting making good money off his work that he's a grifter?
- iamacyborg 6y agoWhat proportion of the NFT mania is actually artists making money vs grifters and scammers making money?
- adnzzzzZ 6y agoIf there are artists making money that previously weren't then that proportion is irrelevant. It's a completely voluntary system, no one is forced to use it or care about it.
- iamacyborg 6y agoExcept for the many artists who are having their work stolen.
- bsanr2 6y agoThose are unauthorized. Too bad to the collectors who gave their money to scammers, but those NFTs are worthless the moment the artist declares them forgeries.
- iamacyborg 6y agoWorthless according to who? It's not like the artist can take ownership of the NFT
- bsanr2 6y agoThe value of an NFT is in its provenance, just as with traditional works. If you forge a Mondrian, it won't be worth as much as an original Mondrian. It's even worse for NFTs since anyone can own the file data; the value of the NFT is almost purely its relationship to the artist.