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99.9% probability it's a forgery. But many people stand to make a lot of money if it's sold so they'll try to find enough experts to say it's legit and everyone
by fumeux_fume 5y ago
99.9% probability it's a forgery. But many people stand to make a lot of money if it's sold so they'll try to find enough experts to say it's legit and everyone wins.
- daenz 5y agoThere's an interesting application of the "greater fool" theory too. Even if the original buyer finds out it was forged, they potentially stand more to gain by continuing the charade and selling it to the next person. It becomes "real" by sheer collective distortion of reality.
- iamacyborg 5y agoThis is a great explanation of the NFT market
- bryanrasmussen 5y agowait, genius idea, scan this and put it inside of an NFT along with the video of you burning the original! So much money!
- cinntaile 5y agoHow so? The analogy breaks down immediately. You're not trying to sell forgery?
- iamacyborg 5y agoYou realise a ton of NFT’s are selling stolen art or breaching someone’s copyright, right?
- cinntaile 5y agoI don't keep track of that, but I'll take your word for it. It doesn't invalidate what I said though. NFTs have more purposes than selling "stolen" art.
- rhn_mk1 5y agoWith NFTs you're trying to sell something worthless too.
- cinntaile 5y agoThis is an endless debate which I won't get myself into.
- paulcole 5y agoDefine worthless
- rhn_mk1 5y agoI'm actually not sure how. What makes a forgery worth less than the original?
- paulcole 5y agoWorth less and worthless are two very different things.
- rhn_mk1 5y agoBut they aren't they related? There's clearly some dilution of value between an original and a forgery. I'm positing that NFTs are even more divorced from "originality" than forgeries – by a factor terrible enough to make them worthless. But I'm not good enough to disentangle the mystery of originality and put the problem in concrete terms.
- paulcole 5y ago> I'm positing that NFTs are even more divorced from "originality" than forgeries – by a factor terrible enough to make them worthless. But what does “worthless” actually mean? Does it mean something you happen to personally dislike? Does it mean something else?
- fivea 5y ago> 99.9% probability it's a forgery. But many people stand to make a lot of money if it's sold so they'll try to find enough experts to say it's legit and everyone wins. If only there was a NFT assuring it's provenance.
- sixQuarks 5y agoThe most expensive painting ever sold turned out to be a ridiculously obvious forgery, so I concur with your statement.