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Because artists haven't generally backed themselves by weaponized ASICs and a very unhealthy social scene of greed and deception (not to mention pollution)
by isoprophlex 5y ago
Because artists haven't generally backed themselves by weaponized ASICs and a very unhealthy social scene of greed and deception (not to mention pollution)
- trutannus 5y ago> Because artists haven't generally backed themselves [into a] very unhealthy social scene of greed and deception Except they absolutely have. The contemporary art market is exactly what you describe. There's sharks sitting in tanks of embalming fluid being sold for tens of millions of dollars just to be put in storage, and people laundering their money in art investment schemes. The contemporary art market is absolutely an unhealthy social scene of greed and deception.
- raspberry1337 5y agoYou're absolutely right, and I personally find 'modern' art unappealing and a scam (banan on wall 30k plz), but this is because it is being used a commodity in a rotten, oligarchic financial system where we bail out corrupt bankers at the cost of the people. With crypto, the pollution is built into the system. It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on walls.
- trutannus 5y ago> It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on walls. So is the contemporary art world. The contemporary art world is vastly polluting as well. How much GHG do you think is generated to run a museum, or warehouse, transport aircraft, ect, filled with bad contemporary art?
- raspberry1337 5y agoWell, I find it as bad as you seemingly do, but I cannot deny that apparently some people like that kind of art.
- TomSwirly 5y agoThis is a wild argument. You're comparing apples and anteaters. No-one is proposing that contemporary art is some sort of technological breakthrough that will completely revamp society, make everyone rich and change finance for the rest of time. (Also, I'm sorry, but I do NOT believe that contemporary art consume even a tiny fraction of the power that cryptocurrencies do when nearly all of it sits in a handful of warehouses and never moves, just changes ownership abstractly. You would really need to prove this claim.)
- trutannus 5y agoRight, but you're taking my comment out of context here. The point I'm making is that dismissing Crypto for this reason makes little sense.
- falcolas 5y agoAt least they have the shark, and can just lock it away if they wish. Something no NFT buyer can claim.
- trutannus 5y agoI'd agree that a rotten shark in a tank has more substance to it than an NFT. Shame it's in embalming fluid. You could eat it if you fall on hard times otherwise.
- deleted 5y ago[deleted]
- DebtDeflation 5y ago>The contemporary art market is exactly what you describe. Yes, there are strong parallels between the art market and the NFT market. The main one being that money laundering seems to be the primary purpose of both. But at least art does provide people with some level of subjective enjoyment beyond that.
- cinntaile 5y agoWhat are weaponized ASICs?
- formerkrogemp 5y agoRegular ASICs with machine guns? ASICs used for mining I suppose.
- cinntaile 5y agoIt's unclear to me how ASICs used for mining are weapons.
- Jordrok 5y agoI suppose you could call them weapons of environmental destruction.
- cinntaile 5y agoI suppose you could call everything produced by man weapons of environmental destruction, but that doesn't make it very useful.
- trutannus 5y agoYou dilute the meaning of the word at that point. Weapons are specific tools that are used with intent to cause harm. If something happens to cause harm without intent, and you define it as a weapon, the word becomes useless.
- cinntaile 5y agoYou formulated it clearer and better than I did.
- formerkrogemp 5y agoI suppose in the sense that concentration of mining power makes a cryptocurrency vulnerable to 51% attacks or that concentration of mining power centralizes influence and cryptocurrency in a way philosophically antithetical to the principle of decentralized cryptocurrencies.
- mr_spothawk 5y agothe fashion industry is incredibly wasteful... promotes all sorts of un-healthy lifestyle behaviors... relies on sweatshops.