Crypto Fart

"Crypto art" is literally just "numbered prints, but each time I sign my name I also promise to burn down a local park."

In case you are fortunate enough to have not heard about this latest con:

Someone has convinced a bunch of innumerate artists that Dunning-Krugerrands are not a planet-incinerating Ponzi scheme. I've had to start blocking them on the Twits to avoid hearing about it, even the artists whose work I used to enjoy. They think that making a buck trumps setting the world on fire. "Proof of useless work" is a global suicide pact.

bombsfall:

If anyone wants to pay me crypto art prices to make them a gif or a png we can skip the middle man here. I'll even draw you up a special certificate that says it's your gif or png.

I can send you a paper copy too. Let's get nuts.

You wouldn't even have to use as much electricity as Delaware to do it. If you want I can like sent you a certificate dedicating a full year of our home's electrical use in your name, it can be part of the art.

jeremyzimmer:

How does this help rich people launder money?

tiny_cinema:

Could you write out the certificate in binary so it feels more legit?

Theophite:

Imagine if keeping your car idling 24/7 produced solved Sudokus you could trade for heroin.

Previously, previously, previously.

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7 Responses:

  1. thielges says:

    So this is just replacing the role of an art appraiser with validating a crypto-cert to authenticate the piece? Good luck with that. In a few decades checking an old cert will be like trying to find someone to read an old 9 track tape written in EBCDIC.

  2. Omer van Kloeten says:

    My initial reaction to NFTs was imagining someone thinking “Hey, how do criminals launder their real money? Trading art? Sure, let’s do that.”

  3. Dude says:

    As if to further pile on evidence that environment-killing cryto is just a newfangled Ponzi scheme: Ja Rule - washed-up rapper now known as being the biggest hype man for that other big rip-off, the Fyre Festival - just sold his personal Fyre Fest poster as an NFT for $122,000.

    Meanwhile, people and businesses are still waiting for stimulus and recovery money.

    Oh, but not to worry - our pal Musk-oil says you can now use shitcoin to buy Teslas and pay for the next inevitable rocket explosion... and that high-speed train that'll never get built.

  4. thielges says:

    Dammit! Even SRL has jumped on the NFT bandwagon. I won’t even bother to link to the story.

    They should just sell their actual pieces. I want that giant 10Hz whistle that is powered by a 12 cylinder Diesel engine.

    • jwz says:

      I am the mayor of this... 64 digit hash... of a certificate representing... a photograph of... a lawnmower engine bolted to a plank?

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