tag:blogger.com,1999:blog-654754338632526091.post7949501505246394446..comments2024-03-17T11:56:45.322-07:00Comments on Photos and Stuff: NFTs, Value, Communitiesamolitorhttp://www.blogger.com/profile/15743439184763617516noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-654754338632526091.post-52496592091465667912021-09-13T08:56:18.982-07:002021-09-13T08:56:18.982-07:00Help me out here. I mean, I don't own a house ...Help me out here. I mean, I don't own a house or a car, just some broken film cameras of dubious resale value. I think the NFT on offer is very attractive. Oh wait, I get it: you're redlining me because I live in Scarborough!David Smithhttp://designartcraft.com/photo/manifesto-idiom.htmnoreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-39572839205167263032021-09-13T08:31:50.963-07:002021-09-13T08:31:50.963-07:00This is where we run into the borders of my ignora...This is where we run into the borders of my ignorance!<br /><br />I know only that one can maintain multiple wallets (anonymous containers for cryptocurrency) and that one can borrow cryptocurrency. The mechanics of all these things I do not know.<br />amolitorhttps://www.blogger.com/profile/15743439184763617516noreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-13278353308132438402021-09-13T06:34:34.036-07:002021-09-13T06:34:34.036-07:00OK I'll bite: lets say I had an NFT made of th...OK I'll bite: lets say I had an NFT made of <a href="https://tinyurl.com/4r9a59re" rel="nofollow">this</a>. Collateral for the eight grand?David Smithhttp://designartcraft.com/photo/manifesto-idiom.htmnoreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-51904708867586730022021-09-12T15:21:16.187-07:002021-09-12T15:21:16.187-07:00Something worth noting as an addendum here, I am p...Something worth noting as an addendum here, I am pretty sure that if you haven't got $8000 worth of ETH handy, you can borrow it pretty easily. And since at the end of the week you still have both the $8000 in ETH and your NFT, you can just give the former back, pay the fees, and wait for the idiot with $10,000 in real money.<br /><br />I dunno what it would cost, but I can't imagine it's more than a, what, a couple hundred bucks?<br />amolitorhttps://www.blogger.com/profile/15743439184763617516noreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-15409103779901912102021-09-10T08:56:11.854-07:002021-09-10T08:56:11.854-07:00You're not wrong. There's a ton of really ...You're not wrong. There's a ton of really schlocky stuff on there. People in a better position to know than me think there's a lot of wash trading going on. People with multiple wallets and a supply of crypto they're reluctant to cash out are buying art from themselves, or their friends to pump up the apparent valuations.<br /><br />If you want to sell some shitty sunset collection for $10,000, what better than to construct a trail of transactions selling and reselling it for $1000, $3000, and then $8000? If you happen to have ETH lying around with a notional value of $8000, you can just do that with very little effort or expense, and then you can still turn your ETH into money (maybe) if you want.<br /><br />Then you wait for an idiot with $10,000 in real money to walk by.<br /><br />I mean, it's obviously happening. It's such a trivial and obvious scam someone's doing it. The question is: is this a drop in a large bucket, or is this pretty much most of what's going on? <br />amolitorhttps://www.blogger.com/profile/15743439184763617516noreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-11705793463634348092021-09-10T08:25:07.081-07:002021-09-10T08:25:07.081-07:00Photogs who'd like to cash in on this craze wh...Photogs who'd like to cash in on this craze while it lasts should probably brush up on their photoshop skills. <br /><br />It seems straight-up photography isn't fisher-price-toy enuf for the blockchain set. <br /><br />Think arrested development: that's the market.David Smithhttp://designartcraft.com/photo/manifesto-idiom.htmnoreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-14389284536602912942021-09-10T03:11:22.179-07:002021-09-10T03:11:22.179-07:00Yeah I'm getting a pretty strong 'grasping...Yeah I'm getting a pretty strong 'grasping at straws' vibe off this crowd. Kind of sad. Invermectin for the impecunious artist.David Smithhttp://designartcraft.com/photo/manifesto-idiom.htmnoreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-82095885937441719622021-09-09T16:30:51.212-07:002021-09-09T16:30:51.212-07:00once I owned a part of a race-horse (well, of seve...once I owned a part of a race-horse (well, of several race-horses, actually) - we even called ourselves a syndicate, heh. Race-horses seem to be mid-way in terms of scamminess - value, OK yeah... utility... well, there's the industry of entertainment, of winning races and of winning bets, and technically one could eat a horse, or ride a horse, or use it to haul things around... but... basically a scam, really. [stone seal]Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-14999603841135049172021-09-09T11:46:55.230-07:002021-09-09T11:46:55.230-07:00It's definitely a scam!
The question that ari...It's definitely a scam!<br /><br />The question that arises next, though, is "so... how is it different from regular commerce, and/or from the normal Fine Art market?"<br />amolitorhttps://www.blogger.com/profile/15743439184763617516noreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-9120144097134873582021-09-09T11:46:18.790-07:002021-09-09T11:46:18.790-07:00There's a few tweeters that seem to be somewha...There's a few tweeters that seem to be somewhat or a great deal in on NFTs, but they seem thoroughly confused by what it actually is. They lean either "I dunno, but it feels like the future..." or "I dunno, but I sold/am trying to sell a thing and make some money..."<br /><br />The real "community" seems to be separate from photographers, and exists, I guess, largely on discord servers.amolitorhttps://www.blogger.com/profile/15743439184763617516noreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-77214812210147164942021-09-09T10:06:56.901-07:002021-09-09T10:06:56.901-07:00I still don't understand... Bitcoins, NFTs, Yo...I still don't understand... Bitcoins, NFTs, YouTube influencers, etc... How can something that looks so much like a scam not be a scam?<br /><br />MikeMike C.https://www.blogger.com/profile/11279776665185060446noreply@blogger.comtag:blogger.com,1999:blog-654754338632526091.post-82422609085703175202021-09-09T02:40:06.649-07:002021-09-09T02:40:06.649-07:00Where's the NFT mob?Where's the NFT mob?David Smithhttp://designartcraft.com/photo/manifesto-idiom.htmnoreply@blogger.com