4 ms·

So in other words NFTs are scams just like designer clothes, luxury watches and fancy cars.

by aj3 5y ago

paulcole 5y ago
The definition of a scam is not something that other people like that you dislike.
dboreham 5y ago
In that context most human activity is a scam.
- postalrat 5y ago
  It's hard to accept this.
kilbuz 5y ago
If you're talking about mass-produced watches sure. But visit, say, Rexhep Rexhepi's or the Gronefeld brothers' workshops, and you would be hard pressed to come away without an appreciation for hand-finished mechanical movements that border on art.
- aj3 5y ago
  Yes, but if you buy the watch you can put it on your hand, use it and show it to me. NFT is more akin to a photo of an invoice from the workshop you attended - it might have some sentimental value to you, but it's not a watch, does not have intrinsic value and I don't have to respect it.
  - carlosdp 5y ago
    You're taking a digital item and complaining it doesn't exist irl. It's only an "invoice" to the physical world, it can actually be used for things in the digital world, like gaining access to private chat rooms / spaces or getting early access to product drops.
    - soco 5y ago
      Also a digital item should have a value irl otherwise it won't get any respect irl. What you describe here is similar to any old-style password or subscription code, while a NFT art doesn't give you access to anything extra.
    - mosdl 5y ago
      That already existed before, we called them customer lists or mailing lists.
- danShumway 5y ago
  And which side of that continuum between craftmanship and lazy brand-markup are NFTs actually on? I don't look at the NFT artwork I'm seeing sold online and find myself filled with an appreciation for incredible, intricate, hand-finished work. Digital apes in particular are incredibly derivative and feel very mass-produced, this is the kind of artwork that would sell for maybe $50-100 tops as a commission. Except honestly not even for that much money, because part of the commission price is being able to choose what gets made, you can't just recolor the same image and give it a little cigarette and an earring. It's all well and good to talk about designer watches that are perfectly constructed masterpieces, but NFTs aint that. They're the $3 mass-produced digital watches that are getting a brand slapped on them and then sold purely for the name. The only thing more mass-produced than the bored ape collection are the silly pixel avatars on Twitter; we're not really talking about significant skill or craftmanship or even creative expression here. Zoom in on some of the images in the bored app collection, the artist is very literally copying and pasting parts of the drawing between pictures, that's why they all look the same. It just feels really silly to try and artistically compare some cookie-cutter Photoshop templates to a hand-crafted watch.
  - miracle2k 5y ago
    > It's all well and good to talk about designer watches that are perfectly constructed masterpieces, but NFTs aint that. Nonsense. NFTs are neither mass-produced digital watches nor Rolexes. They are simple watches - some mass produced and some artworks created by skilled craftsmen.
    - danShumway 5y ago
      And you would claim that the pricing reflects artwork quality, and that it's not just mostly empty social signaling? Then how many of the highest-selling NFTs of all time are cryptopunks?
      - miracle2k 5y ago
        Sure, a good bunch are (looks like 20% to 50%, depending on your percentile chosen). But the Cryptopunks are, generative and a collectible yes, but by all accounts a labour of love, an experiment before its time, given away for free at a time when no one gave a damn; it's not exactly the mass-production story you suggest.

So in other words NFTs are scams just like designer clothes, luxury watches and fancy cars.

by aj3 5y ago

So in other words NFTs are scams just like designer clothes, luxury watches and fancy cars.

paulcole 5y ago

The definition of a scam is not something that other people like that you dislike.

dboreham 5y ago

In that context most human activity is a scam.

postalrat 5y ago
It's hard to accept this.

kilbuz 5y ago

If you're talking about mass-produced watches sure. But visit, say, Rexhep Rexhepi's or the Gronefeld brothers' workshops, and you would be hard pressed to come away without an appreciation for hand-finished mechanical movements that border on art.

aj3 5y ago
Yes, but if you buy the watch you can put it on your hand, use it and show it to me. NFT is more akin to a photo of an invoice from the workshop you attended - it might have some sentimental value to you, but it's not a watch, does not have intrinsic value and I don't have to respect it.
- carlosdp 5y ago
  You're taking a digital item and complaining it doesn't exist irl. It's only an "invoice" to the physical world, it can actually be used for things in the digital world, like gaining access to private chat rooms / spaces or getting early access to product drops.
  - soco 5y ago
    Also a digital item should have a value irl otherwise it won't get any respect irl. What you describe here is similar to any old-style password or subscription code, while a NFT art doesn't give you access to anything extra.
  - mosdl 5y ago
    That already existed before, we called them customer lists or mailing lists.
danShumway 5y ago
And which side of that continuum between craftmanship and lazy brand-markup are NFTs actually on? I don't look at the NFT artwork I'm seeing sold online and find myself filled with an appreciation for incredible, intricate, hand-finished work. Digital apes in particular are incredibly derivative and feel very mass-produced, this is the kind of artwork that would sell for maybe $50-100 tops as a commission. Except honestly not even for that much money, because part of the commission price is being able to choose what gets made, you can't just recolor the same image and give it a little cigarette and an earring. It's all well and good to talk about designer watches that are perfectly constructed masterpieces, but NFTs aint that. They're the $3 mass-produced digital watches that are getting a brand slapped on them and then sold purely for the name. The only thing more mass-produced than the bored ape collection are the silly pixel avatars on Twitter; we're not really talking about significant skill or craftmanship or even creative expression here. Zoom in on some of the images in the bored app collection, the artist is very literally copying and pasting parts of the drawing between pictures, that's why they all look the same. It just feels really silly to try and artistically compare some cookie-cutter Photoshop templates to a hand-crafted watch.
- miracle2k 5y ago
  > It's all well and good to talk about designer watches that are perfectly constructed masterpieces, but NFTs aint that. Nonsense. NFTs are neither mass-produced digital watches nor Rolexes. They are simple watches - some mass produced and some artworks created by skilled craftsmen.
  - danShumway 5y ago
    And you would claim that the pricing reflects artwork quality, and that it's not just mostly empty social signaling? Then how many of the highest-selling NFTs of all time are cryptopunks?
    - miracle2k 5y ago
      Sure, a good bunch are (looks like 20% to 50%, depending on your percentile chosen). But the Cryptopunks are, generative and a collectible yes, but by all accounts a labour of love, an experiment before its time, given away for free at a time when no one gave a damn; it's not exactly the mass-production story you suggest.