NFTs (thread now extremely NSFW)

rhetorical of course, because who wants to deal with that.

better just to assume that later this year they'll switch to proof of stake. in the meantime, we can trust that regulators have got their eyes on this and _totally_ understand what's going on

oh it's stupid as shit, don't get me wrong. I also doubt that its climate change impact is even 1/10000 of cryptocurrency in general.

Also, I kind of feel like part of what makes digital art fun and interesting is that it's *not* a unique object and is infinitely copiable. Like KM, part of the enjoyment of your art for me (which, again, is awesome) is very much in the fact that we can all enjoy it together through hotlinks on an ILX thread or an accessible website. So it feels extremely artificial to create a "the one" version of an evil guide dog gif or whatever just so someone can have the bragging rights. Not that I would knock you for it if you did it, bc not being able to monetize is an understandable problem for a digital artist who has to live in a capitalist society. But it feels more like creating a piece of memorabilia of the art than the art itself in a way.

thanks man alive, and yeah i agree that it tends to go against the unique property that made digital art unique in the first place.

overall, though, digital art is just a small part of what this will become, like everyone is saying. it's bringing attention to it now, because it's interesting that beeple made $69M at an auction (a week after setting a record for selling a NFT for $6M somewhere else). but later? it sounds dumb, but you could mint something like Celebrity A's first kiss with Celebrity B, and that's a really odd thing to memorialize and trade and spend money on, but so are fortnite outfits.

i guess i'm saying, please unite together to destroy this thing now while it's relatively small, rather than letting it grow until the point when another previously non-carbon intensive classification of "objects" decides to industrialize

but really - and here's where i realize i just have to walk away (from the world?!?) - i could make the same argument on a cryptocurrent subreddit or something, and it would be just as futile

The only way I would be into NFTs if they released nanites that ate the flesh off the buyer and simultaneously uploaded the video to twitter.

Also, I kind of feel like part of what makes digital art fun and interesting is that it's *not* a unique object and is infinitely copiable

it isn't inherently though? It depends on what the art _is_ like, does it only exist on Netscape Navigator 3.0 or Mac OS9.2 ... that was a bit of the Rhizome.org / digital art "issue" ... and while it has way more variables than fixed media art (i.e. video), there are definite similarities. ... I remember one piece by the Vasulkas that had to be shown on a particular brand of CRT monitor, for example. A lot of this stuff is the province of museum preservation staff and archivists.

until now

*mints the province of museum preservation staff and archivists*

Gonna mint my dick lol

Wait there seem to be bandwith issues

my bandwidth is fine

*mints yr dick*

actually, might as well mint a dick! if people participate in the whole thing they should do stuff like that

omg -- actually, gonna suggest this to a friend to do for realz

went to look up whether anyone had NFTed boobs yet, revealing... SpankChain

https://www.youtube.com/watch?v=pVyFp8OxbDY

Wild guess that this disruptive technology flopped, but maybe the time is now

many benifits of boobs poll

Karl Malone, I suppose the word “dox” might be slightly hyperbolic, but there were apparently up to six lists angrily circulating of artists who were “engaging” with NFTs.
― Kim, Friday, March 12, 2021 7:41 AM (yesterday) bookmarkflaglink

who made those lists? honestly, i want to follow them on twitter.

reflexively separating myself from anyone who is promoting this right now, it's like everyone half the people in an apartment complex starting an Ayn Rand bookclub. fine, do it, but I will also hang a xerox of alan greenspan farting as his toes get tickled on my the door to my apartment, make fun of all of them, and make sure that everyone knows Not Me

Seeing a lot of techno utopian ppl pushing hard online for this with music atm. I totally understand embracing a pyramid scheme to make a buck because there's less money in music these days, but positioning doing this as a revolutionary act is pretty depressing (which I'm seeing online from some "community-based" music spaces/people/thinkers/charlatans)

i'm hoping that the crypto / NFT people will soon realize that they're actually more interested in the crypto part than the art part, and then they will never talk about art ever again and just go make money and move to their island with thiel

please RT into my butthole

congratulations new #NFT artists: you've speculated yourself into an evolving, exciting new butthole!!

— Z_tbd (@weinventyou) March 13, 2021

i haven't heard back yet from my friend -- i fear she has minted "a dick" without me, and screwed me out of my share of dick sales

https://io9.gizmodo.com/dc-comics-tells-artists-to-stay-out-of-nft-business-or-1846466427

I’m on @withFND 🌐

0x2B867e8B4EfDB9a792a5A9C5524B7f61CF143b4Ahttps://t.co/m8iEeChAzw

— Aphex Twin (@AphexTwin) March 14, 2021

ready for the funny part? this is his pinned tweet

We will spend a portion of the money on planting trees and either donating to permaculture projects or setting them up ourselves, depending on how much we get .

— Aphex Twin (@AphexTwin) March 14, 2021

looooooooooooooooooooooooooooooooooooool

I feel like the world has come full Nathan Barley

What is the point of releasing music this way?

$$$

I'd like to discuss how 99% of NFT art is terrible art per se, also.

None of it is good.

I mean like what’s the point of an NFT music release. Is it just mp3s with an extra unique tag on it or something?

Basically when we are all in the meta-verse and you want to play that Feelies mp3 in your digital bar you will be sued by the rightful owner of the track, dogelol_elon44.

the whole concept of NFTs is the most boring thing ever

most boring thing ever

I agree. The fact that it has attracted $$$ makes it fascinating to those who find money an all-consuming obsession. afaics, it is a digital + blockchain version of a lithograph signed by the artist and hand-marked as "x of 100".

nah it's a contemporary giclee

This is useful background on the Beeple sale:

https://nettime.org/Lists-Archives/nettime-l-2103/msg00041.html

Short version is it is a scam where Business A, controlled by Vignesh sund4resan, sold the work to Business B, controlled by Vignesh sund4resan, to artificially inflate the value of share tokens in Business A.

lol zero surprise there

Update: looks like I can’t get my NFTs back. Even though fraud has been confirmed and I know exactly where my NFTs are sitting at this very moment.

Hacker wins. Secondary market purchaser wins. I lose.

Going to explore other options if I can. Doesn’t sit right with me.

— Michael J. Miraflor (@michaelmiraflor) March 14, 2021

Unsurprisingly, already being hit by hacks.

Does Bitcoin suffer from much hackerage?

(I am totally out the loop with these things as you might have guessed)

One of the longtime criticisms of bitcoin is that you have basically no fraud protection, which is in turn one of a number of its touted features that are actually bugs.

Like the various mechanisms that make credit card transactions more complex also enable you to stop/reverse/challenge them.

@tokenizedtweets 0xe128c547520aa0ad6409ba0a0f30dbcd07098024

— Bean (@Franq_the_Tanq) March 15, 2021

sorry, context is that was someone tokenizing this screenshot of an interaction i had with the #crypto #community last night

Unintentional cryptoart pic.twitter.com/oVFUrhLNkf

— the most touchiest person, right now (@weinventyou) March 14, 2021

After arguing with musician friends (irl!) about NFTs, I listened to this podcast to get some more context and hear what the pro arguments are (it's Mat Dryhurst, who has been the lone defender on techno twitter): https://open.spotify.com/episode/2trxojvIclKsl7IVcynbuG?si=s_2S9ykkQIipnengPyG-9A

I'm not convinced at all but it was an interesting listen. Obviously I have sympathy for my friends in bands that were previously eking out a living through touring, and I'm sure they can make some money from this given that they have existing hardcore fans. But even if we put the environmental issues aside entirely, normalizing blockchain usage and turning all artists into speculative commodities seems very bleak.

A speculative NFT asset has no potential to generate income for anyone but a very well-known artist. Much as with streaming, this is a technology being promoted by people who don't understand anything about the music/art business as great for musicians/artists.

My friend isn't talking about millions, more like hundreds for a touring indie act with a relatively small (in global pop terms) but dedicated fanbase.

But yeah I agree that the NFT evangelists are interested in money and tech/protocols, not art.

fuck around

my brother and I collaborated on our first NFT, check it out https://t.co/YQFstF6VVL

— of Montreal~she/he/they/them (@xxofMontrealxx) March 15, 2021

find out

oooooo fuck we didn't realize NFT's were so bad for the environment!!! this will be a one and done then, thanks for the heads up!

— of Montreal~she/he/they/them (@xxofMontrealxx) March 15, 2021

<3 kevin obv lol

My next release will be on an amazing physical, analogue NFT - a flat, circular polyvinyl chloride disc* with the audio literally engraved into it. Limited in number, each unique object exists even if the platform goes down.

*disc will require some specialist equipment to listen

— Posthuman (@posthuman) March 9, 2021

i am going to burn down the rainforest and mint it as as a NFT