NFT... why do idiots pay for digital stuff that anyone can download?

Thread: NFT... why do idiots pay for digital stuff that anyone can download?
If you want to use the photo, in let's say a magazine, wouldn't you need to own an original copy?
 
Redviper said:
If you want to use the photo, in let's say a magazine, wouldn't you need to own an original copy?
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Not really, you can buy a license.

At my job we produce some materials that are PR (they can be used freely for news purposes) but if a person or company wishes to use the file in a commercial manner we can license it for a X amount of time for a fee.
 
Dreamlord said:
Most of the times, it is financial investment. Plonking some money down into the art market.
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Makes sense, but the person that is investing still has idiots to buy it later from him, kinda like a scalper but with pointless goods.
 
The art market is its own little world. Most of it makes little sense and it relies on the idea that art will retain its value. Also, said value is mostly perception, rather than actual value.

It is not an easy to invest market, as in there is no guarantee that whatever art you buy will increase (or even keep) its value, nor that you will actually find anyone to buy it.

I know people who have spent a lot of money on art and their choices have not been particularly wise. If you factor in that art galleries take a 50% cut when they sell, all prices are inflated.

My view on art for common mortals is, buy something because you love it and you want to see it every day on your walls. Do not buy to invest. People who buy art as investment are the multi millionaires.
 
  • This tbh
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I get cryptocurrency, but I just cannot imagine NFTs ever becoming a thing. I've spent hours looking into them and listening in on Clubhouse rooms with people who are deep into it, but there's just no world where a simple unique identifier is going to be worth anything to most people. The only reason "originals" are worth anything in the physical realm is because 100% perfect copies are not possible.
 
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Zefah said:
I get cryptocurrency, but I just cannot imagine NFTs ever becoming a thing. I've spent hours looking into them and listening in on Clubhouse rooms with people who are deep into it, but there's just no world where a simple unique identifier is going to be worth anything to most people. The only reason "originals" are worth anything in the physical realm is because 100% perfect copies are not possible.
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This, a million times.

I mean, any motherfucker can print screen a Monalisa or a Scream painting or even print a copy and put them in a house or whatever... but if you own the real painting, you know Da Vinci and Van Gogh painted the fucking real thing, it's a piece of history. It's like owning the masters of a recording, or something like that. But "digital" can be copied and even improved upon. Such a nonsense concept.
 
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I used to work on a design studio, my boss was an artist himself, a photographer. He almost dragged me into that world of art exhibits and art galleries.

I tell you, you can almost sense something is wrong when you get in lol. Not to mention that most of the great local artists were damn near broke all of them, showing fancy faces to the public.

I noped out. 🤣
 
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Yeah, for about half a decade I spent quite a bit of time trawling the London galleries, most of them in Mayfair and around. I really do love art, but not the ridiculous commercial crap of the last few decades. I bought a few paintings mostly from new artists, some just finishing art school, some established for a few years. I met a number of artists who have gone through bankruptcy (for the love of Lucifer I can never spell this word correctly), I met students who after art school went into office jobs, met some who produce really good art but struggle to sell...

I bought one expensive painting (£3k) and have regretted it, mostly because it is too large.

Out of the 30 or so pieces of art I have bought (most between £50 and £500), this small lacquer painting I bought from a small shop in Vietnam is still in my three favorites. And I bought it for £50.

gD6Oogj.jpg
 
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I agree with you guys.. but isn't this basically like cosmetic items in games?

people want to fe unique and own shit nobody else has
 
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how best to drive a reputation for yourself in the information era where all kinds of intermediary forces get in your way (whether it blurs the boundaries of ownership laws (or not)) ...

i'm here nor there about encryption but the value of identifying who truly owns what / time cannot be overstated in a system that values spoils of war and a shifting tide of personal to intellectual property rights

mostly i just wanna get to a point where nothing can be infiltrated and adjusted by outside forces without acknowledging the unique history
 
Eneru said:
I agree with you guys.. but isn't this basically like cosmetic items in games?

people want to fe unique and own shit nobody else has
Click to expand...

The problem is that the only thing unique is the identifier. The actual digital file attached to it can be copied infinitely.
 
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Dreamlord said:
Yeah, for about half a decade I spent quite a bit of time trawling the London galleries, most of them in Mayfair and around. I really do love art, but not the ridiculous commercial crap of the last few decades. I bought a few paintings mostly from new artists, some just finishing art school, some established for a few years. I met a number of artists who have gone through bankruptcy (for the love of Lucifer I can never spell this word correctly), I met students who after art school went into office jobs, met some who produce really good art but struggle to sell...

I bought one expensive painting (£3k) and have regretted it, mostly because it is too large.

Out of the 30 or so pieces of art I have bought (most between £50 and £500), this small lacquer painting I bought from a small shop in Vietnam is still in my three favorites. And I bought it for £50.

gD6Oogj.jpg
Click to expand...
I appreciate art (I'm a musician, after all, even though I don't make a living doing so) and I see the value in owning tangible things like paintings and sculptures. Some of my favorite places on earth are museums. But this NFT thing? Fuck this shit! lol
 
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