I've been in mostly violent agreement with @smdiehl and others who call out cryptocurrency and its descendants for what they are—an end run around financial regulation at best, a massive fraud at worst. We all agree it makes no sense as a technology. But one thing worries me:https://twitter.com/smdiehl/status/1445795667826208770 …
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Look at people who collect comics. It's also not high art, and the scarcity value is entirely artificial. But these people actually love comics! And the people who make comics also love comics! They have passion. Big difference. NFT people just have greed.
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This is actually kind of an insightful conclusion: pure greed appears to have no positive side-effects. It only engenders trash. To get positive side-effects (including good art or interesting social tribes) you need to mix the greed with something else. I don't know, passion.
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You seem to be focusing on a specific type of person that undoubtedly exists in this sphere and perhaps even dominates it. But it cannot be denied that many genuinely talented artists (esp. in the generative art sphere) are experimenting with it or even fully embraced it.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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It’s crazy-making seeing people straight-faced hype NFTs as the future of art, when everyone outside the hype-zone has no idea what they are, and when shown, has to be convinced they’re actually a real thing. That’s not art. It’s straight up The Emperor Has No Clothes weirdness.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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