Re:The Unreasonable Ecological Cost of CryptoArt
by bsenftner on Friday March 12, 2021 @07:15AM
(#26434937)
Reasoning like this is why the world is insane. These comparisons are not equals. There is no bargain or great deal, there is only euphoria from people who figured out a new way to shake the money tree. And "shaking the money tree" is a deep an understanding as many of these NFT grifters go. This is a signal, and that signal is increasing levels of fraud. Laypeople "share the fact" that the environmental expense of these NFT are what legitimize them, which is a bastardization of the concept to the degree they can't see the difference between the correct distinction and the pop culture watered down vague description.
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Re:The Unreasonable Ecological Cost of CryptoArt
by adnzzzzZ on Friday March 12, 2021 @07:29AM
(#26435066)
Why are you calling artists making a fair living off their work grifters and scammers? What's your problem?
Re:The Unreasonable Ecological Cost of CryptoArt
by iamacyborg on Friday March 12, 2021 @07:50AM
(#26435246)
What proportion of the NFT mania is actually artists making money vs grifters and scammers making money?
Re:The Unreasonable Ecological Cost of CryptoArt
by adnzzzzZ on Friday March 12, 2021 @08:03AM
(#26435380)
If there are artists making money that previously weren't then that proportion is irrelevant. It's a completely voluntary system, no one is forced to use it or care about it.
Re:The Unreasonable Ecological Cost of CryptoArt
by iamacyborg on Friday March 12, 2021 @08:46AM
(#26435746)
Except for the many artists who are having their work stolen.
Re:The Unreasonable Ecological Cost of CryptoArt
by bsanr2 on Friday March 12, 2021 @12:40PM
(#26438436)
Those are unauthorized. Too bad to the collectors who gave their money to scammers, but those NFTs are worthless the moment the artist declares them forgeries.
Re:The Unreasonable Ecological Cost of CryptoArt
by iamacyborg on Friday March 12, 2021 @01:08PM
(#26438798)
Worthless according to who? It's not like the artist can take ownership of the NFT
Re:The Unreasonable Ecological Cost of CryptoArt
by bsanr2 on Sunday March 14, 2021 @05:12PM
(#26459248)
The value of an NFT is in its provenance, just as with traditional works. If you forge a Mondrian, it won't be worth as much as an original Mondrian. It's even worse for NFTs since anyone can own the file data; the value of the NFT is almost purely its relationship to the artist.
Re:The Unreasonable Ecological Cost of CryptoArt
by bsenftner on Friday March 12, 2021 @07:39AM
(#26435145)
Artist making a fair living sell their art, this selling of NFTs is not them selling their art, they are selling an immaterial bragging right. It's insane.
Re:The Unreasonable Ecological Cost of CryptoArt
by adnzzzzZ on Friday March 12, 2021 @07:46AM
(#26435210)
It's irrelevant what it is or isn't, people are paying money for their art. How can you tell someone like this guy https://twitter.com/deekaymotion who recently starting making good money off his work that he's a grifter?