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#nft

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christophs@diaspora.glasswings.com
Christoph S

NFTs Were Supposed to Protect Artists. They Don't. - The Atlantic

#nft #blockchain

We took that shortcut because we were running out of time. Seven years later, all of today’s popular NFT platforms still use the same shortcut. This means that when someone buys an NFT, they’re not buying the actual digital artwork; they’re buying a link to it. And worse, they’re buying a link that, in many cases, lives on the website of a new start-up that’s likely to fail within a few years. Decades from now, how will anyone verify whether the linked artwork is the original?

#wtf

https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/

NFTs Weren’t Supposed to End Like This

When we invented non-fungible tokens, we were trying to protect artists. But tech-world opportunism has struck again.

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hypolite@friendica.mrpetovan.com
Hypolite Petovan

Yesterday, @˗ˏˋ wakest ˎˊ˗ gave me a compelling alternate narrative for #NFT as patronage rather than speculation vessel or multi-level marketing scam. Patrons pay for the art to be made but it can still be published publicly. Unlike Patreon, artists don’t have to hide anything behind a paywall.

Granted, it isn’t the most popular narrative, both in volume of money exchanged and in volume of interest on social media, but it has a faint redeeming quality to it that I enjoy.

One person like that
anonymiss@despora.de
anonymiss

The markets are crazy! #NFT are just jpegs! Dog coins! Cat coins! #Tesla ! #GameStop!

Everyone is going to get burned! Don't they realize about discounted cash flows?!!! These #people are ruining everything! #Green #energy?!

source: https://www.pingthread.com/thread/1454612829248630790

#Crypto is a bubble! Tech is a bubble! VC is a bubble! Biotech is a bubble! Passive investing is a bubble! Web 3.0 is a bubble! Green energy is a bubble! The #Metaverse is insanity! Cant they see??!! They are all wrong!

#money #news #twitter #problem #society #capitalism #environment #climate #future #economy #internet #bitcoins

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christophs@diaspora.glasswings.com
Christoph S

Peng-Kollektiv: Mit Kryptokapital Grenzen hacken

netzpolitik.org: Machen nicht die Spekulanten die meiste Kohle, wenn die Aktion funktioniert?

Peng: Der letzte Investor hat die Arschkarte, soweit ich das System verstanden habe. Aber ganz sicher bin ich mir auch nicht, vielleicht können das eure Leser:innen hier ergÀnzen.

Hehe, sehr gut zusammengefasst!
#blockchain #kryto #NFT

https://netzpolitik.org/2021/peng-kollektiv-mit-kryptokapital-grenzen-hacken/

: start

netzpolitik.org - Plattform fĂŒr digitale Freiheitsrechte

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hypolite@friendica.mrpetovan.com
Hypolite Petovan

Beyond the ridiculous pyramid scheme of #NFT, not sure the "let's show NFT is good actually by expressly going against the personal wishes of the creator of a graphics software we've been using without giving them credit" is the smart play. đŸ€ź
https://twitter.com/secondrealm/status/1449897775496409088

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dappexpert@diasp.org
dappexpert

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