Like the singularity/superintelligence subculture that came before it, both the Martians and the NFT people have an apocalyptic vision of a future where things are fundamentally different. I mean apocalypse not as the end of the world, but that all is swept away and starts afresh
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Not just young artists unfortunately! It's a get rich quick scheme that appeals to all kinds of ages that want to get rich quick, particularly those who haven't succeeded in the commercial art market.
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But, yes, it's the quintessential pyramid scheme (or as they're now called to avoid prosecution, an MLM marketing scheme) mixed with rewarmed techno utopian hype that's very attractive to hedge fund bros and people who don't think about visual art as a form of communication.
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The really insidious part is that Herbalife makes it clear that you need to be actively recruiting people to be successful. Most of those grifted by NFT are trying to recruit so that those they recruit can be successful like them, not so that the recruited can benefit them.
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Most of the people hopping into NFT have no idea that it's a pyramid scheme that relies on fresh blood all the time, and aren't in on the grift the way Herbalife people are. It's one of the best grifts I've ever seen.
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And yet it just seems to be about quick speculative gains for most people.
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Holy crap this was a great thread.
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Dude, please start an email newsletter. I will pay you to read these thoughts in detail.
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Hey, thanks for sharing this thread from
@Pinboard. Read the whole version here:https://threader.app/thread/1450879412442828808 …
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