Making arguments to these believers on technical grounds (like all the foundational issues with various blockchains) is as we say in Polish, like throwing dried peas against the wall. Technical problems will be solved, what matters is that they have seen the promised land.
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You make as much headway trying to convince Mars nuts that we can't even keep people alive in the Earth desert yet unsupplied, or the strong AI people that we don't need to start making plans for immortality. Because you're not in a debate about technology but about the Millenium
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What such beliefs have in common is that they offer a positive, transformative vision of a future made better by technology, with a story about why it is achievable and inevitable. Whereas the real world right now doesn't offer much hope or positive future at all. So you get NFTs
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To all the fraud, speculation, and just basic insanity in this space, the NFT crowd can answer that they're replicating the same thing that happens in high finance, except now it's a different set of people who get to participate. The Fed creates money out of nothing, why not us?
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I think recognizing the spiritual hunger that sits at the core of these movements (and remember how many in the space are young people!) is an important step to understanding them. Crypto culture is a mirror world that feeds off of the unexamined failures of the real world.
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And it is also, like everyone points out, a massive scam that will hurt regular people the longer the bubble is allowed to inflate. But it's not just "name a star", it's "name a star" with the promise that you'll get to visit in a rocket very soon, if only enough people believe.
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And I deserve a goddamned medal for 12 tweets on this without a single mention of Communism.
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Pinboard Retweeted Jer Warren
Here
@nyquildotorg makes a good point, that NFT culture in particular is also Herbalife for young artists, promising them self-reliance and the ability to live off their work if they buy in, assuring them that every garage band can be U2 on the blockchain.https://twitter.com/nyquildotorg/status/1450889518291173376 …Pinboard added,
Jer Warren @nyquildotorgReplying to @PinboardI think a key differentiator here, though, is that people aren't spending money they can't afford on like, mars posters and stuff, encouraging all their friends that aren't into mars. Every person who gets grifted into participating in NFT makes the grift more attractive.8 replies 22 retweets 134 likesShow this thread -
Replying to @Pinboard @nyquildotorg
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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Replying to @fifilamoura @Pinboard
I think "young" here meant "not established"
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Yeah, I'll take that correction. Once upon a time I was a visual artist myself; I remember the frustration and difficulty of trying to break into a hermetic world of galleries and rich people. Back then, the great hope seemed to lay in the web, now there's this stuff.
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Replying to @Pinboard @nyquildotorg
More an additional note because I've had to explain to quite a few older (in age) artists (both trad and digital design) I know that it's basically a pyramid scheme. If you're not "in the system" the art market part of the art world can seem very opaque.
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