throw some buzz words out there and people will part with money. Fear of missing out. It’s like the lottery: a tax on the dumb or desperate. It’s all kinds of wrong. Welcome to Capitalism I guess.
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If i ever needed to launder money, nft’s would be my first stop, gotta assume a fair amount of these are just that
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I’m so happy to see this reblogged everywhere. Not just because FoldingIdeas is a great essayist but it’s BRUTAL.
Sadly the people who keep going on about the beautiful brocade on the Emperor’s new clothes will ignore it or turn off angrily in a few minutes.
Motherfuck these scams and every single artless, soulless asshole involved.
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Im busy trying to figure out how to sue hitpiece for stealing my idea.
I was just wrapping up minting Fin25’s tracks as NTFs.
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people aren’t really seeing the bright side of this whole phenomena, it’s like trap music, after the saturation of this people will be starving for the real thing again.
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These people are conditioned to tiers of grifterdom, with some combination of fool, greater fool, and manipulators, many greater fools don’t know how credulous they are, and many fools think they’re they manipulators.
Hypercapitalism and these asinine proxy wars between the 5% and 1% is really tiring to see pushed in all popular media.
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Here is bro’s LinkedIn for anyone interested. In case, you know, you want to…reach out.
https://www.linkedin.com/in/roryfelton
Drips with compassion and charity for the working musician.
Bros will be bros, but I am just so disappointed in a lot of the artists who’ve gotten on this vaporhype scam wagon (including, I’ve just recently learned (or consciously acknowledged) AFX 
). When someone tells you you can make more than maybe a couple of years worth of your music sales from selling a digital image…that should immediately set off some alarms and tell you somethings not right here.
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compared to trap, I guess “real thing” is gunsta hiphap? : )
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Help yourself mate.
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I am not surprised, it is straight out of the pretence of caring playbook, rich people are rich for a reason, they like money, some pretend they don’t, some pretend their kind of wealth is different, but it isn’t, it is all based on greed.
Edit: FWIW I don’t really care, but I do find the hypocrisy laughable.
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Wait a sec, can I shut down Spotify if I mint other ppls crappy tracks?
I mean, like steal from the spotty and give to the poor (artist) obviously.
There’s a lot of repetition here… I get that it seems mental, and for what it’s worth, I wholeheartedly agree that almost all of it is total bullshit and there has to be a lot of money laundering involved.
However, in an attempt to steer the conversation away from the “omg chimp NFTs humanity is fucked the internet is evil burn all the witches” spiel, I think there could be interesting conversation to be had. So, I offer up a few talking points:
- to me, there’s a more interesting side of the market, with musicians selling part of their actual copyright as NFTs. So instead of it being owned by record companies, the artist keeps a majority ownership, generates more income off the bat than the music likely would in the first year or two of sales, and makes money whenever someone sells on their NFT… Equally, some major artists have also sold entire or large chunks of catalogue, again, as a choice to give up a share of future profits in exchange for an immediate influx of money
- You might find it distasteful that one of your favourite artists has made some NFTs. But what if the sale of those NFTs is allowing them to devote more time to making the music that you love? Or allowing them to make a better living from that music? Do you really begrudge them that? Is it really acceptable to say that they’re dead to you?
- Spotify has fucked all musicians way way more than the NFT market. They trained society to place almost zero value on music and pay out disgracefully small sums to artists, who have no control over beyond whether or not to be on the platform. And in a world where it’s desperately hard to build an audience without being on streaming services, selling an actual thing for a price online, is more akin to the old model of selling CDs or tapes. And if you can throw in extras - bits of artwork, pictures, unique content - that generates a deeper connection with fans, and is much better matched to our current lifestyles (rarely do we look inside a CD sleeve any more for info and extra content, but our phones are always with us for digital versions, we can show them to other people etc…) surely that can be a good thing
- How long is it until a fully automated, online service crops up, that constantly trawls the internet for you looking for copyright infringements and automatically deals with the legal side of stuff? All for a monthly subscription, of course. Seems all artists are gonna need it, and nobody can afford lawyers except the big record labels
Now, I’m gonna go watch that video someone posted above which will probably disagree with everything I’ve said… 
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Yes, absolutely. Because a.) they are taking in active role in yet another scam based on the illusion of scarcity (and on the back of the potential to democratize art digitally, no less) and b.) expending abhorrent amounts of emissions to do so.
I find it morally repugnant. And I don’t get on much with art created by people whose morals I so fundamentally disagree with (call me narrow minded, i do not gaf). Grimes, Arca and Afx old records will forever mean what they mean, but I want nothing to do with whatever they do next considering it was funded by a hyperstylized version of everything that is wrong with this world (ok Ill probably listen to Afx…begrudgingly).
I am exhausted talking about this. Anyway it’s a non-starter until it becomes sustainable; its not even up for discussion. And I think the other issues you listed - while mostly all certainly problems - should be addressed some other way than the electricity spent by hundreds of thousands of GPUs solving math problems to create this idea that this particular digital code (digital code) is “unique” and therefore “valuable”. While the video I’m sure does a great job, this article also serves to express well the issues with NFT and crypto.
https://everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3
Cryptoart remakes digital artworks as primarily tokens of monetary worth, content and concept secondary to an asset that has market value.
Cryptoart creates artificial scarcity for digital objects, creating an “original” which can be owned for the purpose of resale.
Cryptoart recreates some of the worst aspects of existing art markets, pitting the super-stardom of those who have gotten lucky or who already had money and connections to play with against the realities of countless others who will see no such return.
Cryptoart offers no intellectual property protection and there is no regulatory structure in place to keep copyrighted materials from being minted into and sold as NFTs, with or without the consent of the creator or copyright holder. Once an NFT is minted, there is no way to remove it from the blockchain or secondary market.
Cryptoart smart contracts offer no legal protection, and any talk of contracts baked into the NFT “requiring resales to cut in the artist” or “compensate gallery workers” depend entirely on the goodwill of the purchaser.
Cryptoart lets a few artist early adopters get rich from a system made to reward investors, not artists.
The value system a fully functioning NFT marketplace creates is reprehensible. We cannot let it get there.
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I can relate…I just dont even understand the lingo leave alone the why and hows …as long as I have my gears, my job, food, and my space to sleep and shelter, "they can have it "…I gave up long time ago when social media account became a thingy.
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With years of cassette, CDRs, Napster, Soulseek and whatnot, I think there was no need for training at all.
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Spotify is awful, but using NTFs to solve its problems is like using bloodletting to cure a fever. I second xidnpniss’s recommendation of that Everest Pipkin article
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I know right, even me and @xidnpnlss haven’t found anything to argue about.
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so anyways @Fin25 when does your NFT drop – looking forward buying one!
If I had a clue what one actually was I’d tell you.
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basically an URL to a website … easy … then you say 20 NFTs available and then we trade them like soccer cards “your Fin25 NFT against two of my rare AFX NFTs”
By the way one question:
Are artists (like photographers e.g.) who only print 10 photos and write on it “3 out of 10” assholes because they could print much more?
To me NFTs are dumb the way they are used right now. I’d see a future when there is more than just a GIF … like why not always add something unique to it that nobody else has. (project file maybe… background information – like a booklet that made your bought CD shine against that soulseek mp3 download)
Of course in general the answer to “Do I need blockchain for that” a “No”.
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