I’ve no problem with digital assets for games and stuff. I play them just enough that I can see the appeal, and I don’t mind businesses monetising them. I find surveillance-for-marketing much more concerning.
I don’t think NFTs are good for any of the things people currently claim they’re good for. I think people are using the “new technology hype” to make some quick money. I’m envious of the money, but also glad I don’t have that kind of short-term-trickery mind-set. Eventually I think NFTs or similar will become useful in global scale systems, like supply chains. If every company/agency in a supply chain could have access to a shared, consistent, trustworthy log of the production, transport and border crossing of resources then trade and resource sharing should get smoother and fairer (after an initial period of exploitation and protectionism). It might be the tool we need to usher in the Star Trek utopian future I dream of…
Whenever I see anything about Crypto mining and all that shit it’s always about some Kazakh kid whose job it is to live in this massive old warehouse full of computers keeping them cool with a leaf blower in the dark. It’s like a fucking Terry Gilliam film.
Almost 10% of Kazakhstan’s power consumption is Crypto mining. No wonder their fuel prices are shooting up so rapidly.
Maybe. But for me I also want to see that sustainable Proof-Of-Stake claim made “real”. Cause the energy used to mint and sell one is straight up immoral atm.
FWIW if you want to understand NFTs/smart contracts/crypto, I think this video (which is veeery long but worth it IMO) is a brilliant takedown of the whole thing:
It sucks, especially as people tend to recommend distrokid. So I guess Bandcamp is the only option left, to have full control of what is online and who collects the money.
Bandcamp is indeed the only option for me but for another reason: it tends to attract people who really care about music, not those that just want music to flow like tap water.
the good thing is that it’s a quick and easy way to see which ‘artists’ care about (the illusion of possible) money rather than actual artistic expression and integrity. i wish i’d started keeping a list of all of them, maybe some kind soul will compile them all at some point, just so there’s a record of who was a proven scammer.
lols… idiots. they got flamed to fuck on twitter and instagram. they turned off comments on their IG account. sounds like they accessed the spotify API and turned the entire spotify library into NFTs w/o saying anything to anyone.
some serious grift. site looks empty and dead now. FBI, web hosts, etc and DMCA got mega notified by tons of people for copyright theft.
what a bunch of idiots. really. just awful. did they think that because it’s possible to embed a spotify player that meant it could be an NFT?
It’s representative of the ‘space’ (vomit) as a whole. People with a very small sphere of competence who don’t know anything about about the real world at all. As illustrated by the hilarious Dune situation mentioned above.
My favourite was the ‘powerful women’ NFTs (pictures of women! ‘By women, for women’) which were of course made and sold by some Russian dudes. The idea that ‘pictures of women’ on the Internet that you can buy a link to is a feminist statement… is so many layers removed from reality that I can only gaze in awe
one of the people involved in the Hitpiece thing is Mc Serch from 80s/90s hiphop era. 3rd Base i think was the name of the band. he also worked A&R for some labels after his band went away… so you’d think he’d have known better.
so many of these things are built on pure hype and someone thinking they have some brand new idea that will change everything… they go around planning and talking it up and feeling important for a while because they have nothing else really going on or it fits the climate they live in to be that way or whatever… “having an iron in the fire” so to speak… when really it’s all just empty bullshit and a grift/scam etc. designed to serve someone’s ego and nothing else.
