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Was with this author right up until it became another pitch for NFT's. "NFTs allow us to give value to the things we own so they aren't just data floating arou

Was with this author right up until it became another pitch for NFT's. "NFTs allow us to give value to the things we own so they aren't just data floating around on servers somewhere" I'm skeptical: https://www.fortressofdoors.com/the-degraded-blockchain-problem/ https://www.fortressofdoors.com/the-degraded-blockchain-prob...

Ericson2314 5y ago
Workers need wages, not sales. NFTs, even if they weren't hot garbage, fail on dimensional analysis grounds.
- tomrod 5y ago
  Expand on the last comment a bit? NFTs are effectively provenance and identifying distinctness, if I understand them right (might be a stretch)?
  - ackbar03 5y ago
    My take on nfts are that they are just the virtual version of the art market driven by the same dynamics, people with money to spare and actually looking to collect but mostly money laundering and tax evasion. I don't really feel like theirs a place for the average Joe retail crowd and they'll prob disappear as the hype dies down
    - prestigious 5y ago
      Spoken like someone who doesn’t know the first thing about NFTs
  - Ericson2314 5y ago
    Money/time vs money/work. When someine is retained with the former, they are free to work on larger or smaller projects without endangering there livelihood (in a first order way). When they are paid according to the latter, however, they are incentived to lower risk by making a small stream of minutae, essentially mimicking the former. Given some sort of power law, the long tail is relatively risk averse by definition, and thus compelled to live and work "at subsistence", putting out a stream of relatively low effort stuff. The stars, however, can save up to produce fewer, more expensive things. This promulgates the status quo, maintaining the power law.
pg_1234 5y ago
The profit angle is wrong. While creators would no doubt love a steady income, at every point in history the greatest art was produced when a few geniuses sacrificed their lives for it. Art as a day job not only produces mediocrity, it does so at a scale that drowns out true genius. Sucks for the creators, but throwing money at self proclaimed "creators" just gets you a giant pile of shit. It may not be fair, but true creators will press on in any environment, it's who they are. Cutting the money just trims the wannabes.

Ericson2314 5y ago

Workers need wages, not sales. NFTs, even if they weren't hot garbage, fail on dimensional analysis grounds.

tomrod 5y ago
Expand on the last comment a bit? NFTs are effectively provenance and identifying distinctness, if I understand them right (might be a stretch)?
- ackbar03 5y ago
  My take on nfts are that they are just the virtual version of the art market driven by the same dynamics, people with money to spare and actually looking to collect but mostly money laundering and tax evasion. I don't really feel like theirs a place for the average Joe retail crowd and they'll prob disappear as the hype dies down
  - prestigious 5y ago
    Spoken like someone who doesn’t know the first thing about NFTs
- Ericson2314 5y ago
  Money/time vs money/work. When someine is retained with the former, they are free to work on larger or smaller projects without endangering there livelihood (in a first order way). When they are paid according to the latter, however, they are incentived to lower risk by making a small stream of minutae, essentially mimicking the former. Given some sort of power law, the long tail is relatively risk averse by definition, and thus compelled to live and work "at subsistence", putting out a stream of relatively low effort stuff. The stars, however, can save up to produce fewer, more expensive things. This promulgates the status quo, maintaining the power law.

pg_1234 5y ago

The profit angle is wrong. While creators would no doubt love a steady income, at every point in history the greatest art was produced when a few geniuses sacrificed their lives for it. Art as a day job not only produces mediocrity, it does so at a scale that drowns out true genius. Sucks for the creators, but throwing money at self proclaimed "creators" just gets you a giant pile of shit. It may not be fair, but true creators will press on in any environment, it's who they are. Cutting the money just trims the wannabes.