I mean this is exactly the real art world all over innit.poprock wrote:Shady people will always find ways to launder money in plain sight.
Dinostar77 wrote:Theres alot of good uses for blockchain tech …
Dinostar77 wrote:However what blockchain was that NFT created on? Is it recognized by any governing body in the USA or any other country when it comes to digital art rights? No. As far as i understand it there are no globally agreed definitions, laws etc on digital art rights especially when backed by a NFT. So its the wild west, lawless and speculation run amok. Anyone who pays any money for any digital arr backed by a NFT at present is a fool.
Diluted Dante wrote:Well, I dont agree it has value. That should put an end to the mattee.
poprock wrote:Wait until the digital archivists weigh in on the conversation. (It might take a few years, they’re a careful, slow to act, bunch.) When that token of authenticity is all that’s left, because your animated digital Pepe meme can’t be viewed on anything but ancient 2021-era computing tech, and your million-dollar investment is suddenly not worth the inheritance tax your kids have to pay to own it, what happens then? Who can they complain to? The court case is gonna be a cracker.
Really? what kinds of uses?Dinostar77 wrote:... . Theres alot of good uses for blockchain tech, digital art and NFTs isnt one of them in my humble opinion.
poprock wrote:I did call myself out as the old man shouting at clouds in my first post on the subject. I’m serious about the digital archiving though. It’s a huge problem and hasn’t been well handled by the art world so far. Lots of early digital art is already lost.
Is it really that much more transformative than just using a database?poprock wrote:I know a lot of tech bros in the law world are very excited about what they can use the blockchain for. Consensus is the basis of law, after all.
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