Hitpiece, NFTs, and other music on the blockchain nonsense (1 Viewer)

[pete]

Too funny.

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[pavlos]

Lol

 

[Lili Marlene]

Unlicensed digital trading cards stored on the blockchain? 2022 is so cool.

It's a method of opening new markets and people love new markets so maybe Panini will start an official licensed version.

 

[magicbastarder]

patrick freyne had a decent article in the IT at the weekend on NFTs. doesn't seem to be paywalled?

What the hell are NFTs and what do they mean for art?

Populist uprising or environmentally destructive fad – either way, there’s lots of cash in digital non-fungible tokens

www.irishtimes.com

 

[pete]

The absolute Twitter meltdown last night over “my music being sold as NFTs without permission” was a thing to behold.

 

[Lili Marlene]

patrick freyne had a decent article in the IT at the weekend on NFTs. doesn't seem to be paywalled?

What the hell are NFTs and what do they mean for art?

Populist uprising or environmentally destructive fad – either way, there’s lots of cash in digital non-fungible tokens

www.irishtimes.com

It's a good piece but very little in it about how NFTs are 100% about money laundering and rich people just finding new places to put their money and avoid taxes.

 

[MacDara]

The absolute Twitter meltdown last night over “my music being sold as NFTs without permission” was a thing to behold.

In all seriousness, artists might have a defamation case here, in terms of their music’s related artwork being ‘appropriated’ in such a manner that it gives the impression they support the NFT grift. Sure, their music wasn’t ‘stolen’, but there’s real potential for reputational damage (if not outright encouraging fans to sink their money into the ponzi scheme).

 

[David Kronenbourg]

the vitriol around nfts. i don't get it. my missus makes them.

 

[Lili Marlene]

the vitriol around nfts. i don't get it. my missus makes them.

anything good? A ponzi scheme is great if you're in early and I have nothing personally against NFTs for that reason.

 

[David Kronenbourg]

anything good? A ponzi scheme is great if you're in early and I have nothing personally against NFTs for that reason.

why is it a ponzi scheme? digital art is 100% valid. the art industry, one of the scummiest in the world, has attached the value to the object.

 

[rettucs]

not even gonna try and understand what this is about. I'll just sit back and enjoy the outrage.

 

[magicbastarder]

every time i see a headline, i wonder why NTFS is in the news.

 

[Lili Marlene]

why is it a ponzi scheme? digital art is 100% valid. the art industry, one of the scummiest in the world, has attached the value to the object.

All capitalist markets are a ponzi scheme comrade. Like I said, it's all good, if I can stumble onto a way of making a pile of cash from crypto i'll take it, it's probably less immoral than the actual stock market where there are suffering workers getting squeezed at the bottom. We get the ponzi schemes we deserve.

 

[David Kronenbourg]

Non Functioning Testicles. Someone can use that band name if they want

 

[shitepipe]

Wow, I hadn't heard about this. The brazenness of it is pretty fucking funny I have to say.
I don't see what people's problem is with NFTs (excepting the environmental impact which is obviously pretty significant)- the problem is the massive hyperinflated unregulated investment bubble around them. But there's little difference between them and, say, Tesla in that regard.

 

[David Kronenbourg]

Wow, I hadn't heard about this. The brazenness of it is pretty fucking funny I have to say.
I don't see what people's problem is with NFTs (excepting the environmental impact which is obviously pretty significant)- the problem is the massive hyperinflated unregulated investment bubble around them. But there's little difference between them and, say, Tesla in that regard.

Right or building giant sculptures out of precious metals dug from the ground

 

[shitepipe]

Right or building giant sculptures made of precious metals dug from the ground

Ugh, so passé

 

[David Kronenbourg]

All capitalist markets are a ponzi scheme comrade. Like I said, it's all good, if I can stumble onto a way of making a pile of cash from crypto i'll take it, it's probably less immoral than the actual stock market where there are suffering workers getting squeezed at the bottom. We get the ponzi schemes we deserve.

Gonna make an NFT out of this post

 

[Lili Marlene]

Gonna make an NFT out of this post

Just work out a way where i get 10% of the proceeds every time it's posted.

A good conspiracy theory I came across the other day is that the end point of NFTs is just going to be people paying to post memes on social media. Everytime you post a wojack meme you pay the owner of the NFT 10 cent.

 

[MacDara]

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