Every time I think about NFT art I just get angry again at how stupid the whole thing is, not like stupid as in "new faddish stuff may not hold water", stupid as in literally the entire premise is fucking idiotic, you're paying for a receipt that says "i paid money" and that's it.
ME: "give me twenty dollars and I will say the word 'the' to you" YOU: deal ME: "the" YOU: great, thanks man
~ LATER ~
YOU: so now I own Josh saying "the" that one time THEM: so he can't say "the" anymore? YOU: no he can, but
THEM: but he can't say it for $? YOU: no he can, but THEM: but he can't say it like thaaaat, exactly? YOU: no, he can but THEM: oh, but only you control that one moment when he said it like that, you have exclusive rights to that! YOU: no, he filmed himself and posted it on his youtube TEHM: What...did you...buy? YOU: it! With $. THEM: so what's the point of buying it when it's free and you don't have any control over it? YOU: it's non-fungible, no one else can buy it, it's mine THEM: what is YOU: the record of the event of me having paid money for having a record of the event THEM: okay i guess you really just like having been there in person for him saying "the", that's-- YOU: oh, I wasn't there, it's just the url of the youtube video he posted THEM: he sold you a URL YOU: well I don't actually know if it was Josh who sold it to me THEM: uh THEM: so his, like, broker sold it to you? YOU: maybe? I mean, SOMEONE sold it to me. I have no idea if they know him. THEM: uh YOU: or had the "rights" to sell it to me THEM: uh YOU: anyway I'll sell it to you, the receipt, for a hundred dollars
I have somewhat simplified the mechanics and details of the process in this set of tweets because it really really doesn't fucking impact how fundamentally stupid and money-wasting the entire thing is, it's blockchain stupidity colliding with art speculation & theft stupidity
Postscript: the issue isn't lack of sufficient control over purchased art. Art as a commodity that rich people throw money at to make artists knife-fight over a living wage or a rare rare lottery win is a shitty situation! But NFT art purchasing does nothing to fix that.
The core of the NFT art sales development is: what if the art speculator whales were primarily wealthy tech bros? What if the artist's actual control over their work was further eroded? What if sale of digital art was no easier but WAS tied to a specific wasteful cryptocurrency?
You want to revolutionize the nature of artmaking, establish a fucking universal basic income and let people make whatever art they want to because they're not grinding under the wheel of late capitalism. Cryptocurrency and art speculation don't do shit for artists writ large.
Platonic Solid Snake: