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All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

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Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#251

Post by CryptoPunk »

coderintherye wrote: post #4

In case anyone missed it, the artist was also double-dipping on the sale: https://amycastor.com/2021/03/14/metakovan-the-mystery-beepl...

The article is baseless speculation, like this:

>>The name of this game is “number go up.” This is about pumping B20, so holders and Metapurse can benefit when they go to sell the token—i.e., get more ETH, buy more NFTs, rinse, repeat.

First of all, the buyer putting the art up on a digital museum is exactly what you'd expect from someone spending $70 million on an NFT. The author spins it as some scandalous revelation.

Similarly, the buyer selling tokenized shares in their art collections is being cynically spun as nothing more than a "number go up" game, which completely discounts the value this business model could provide, in democraticizing art ownership, enabling art to be more readily used as financial collateral to access liquidity, etc.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#252

Post by CryptoPunk »

nj999999 wrote: post #97

I typically launder large amounts of money through traditional art purchases. I store these assets at freeports throughout the world. Many of my friends do the same. As an older, less tech-savvy gentleman, would you recommend NFT Art as a useful way to launder money? The cut Christie's takes on my 'transactions' is borderline usurious.

This is what anti-crypto LARPing looks like.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#254

Post by flycaliguy »

jjeaff wrote: post #63
viraptor wrote: post #30

Earlier quoted context omitted.

> Quantity over quality? No, performance art. The act of creating that many not-terrible pieces is meaningful on its own.

Except they are all pretty terrible.

Yes but they did grow into a hugely popular Instagram account so let’s let this age a bit. Frankly I find people with the assumption that it won’t age well to be the most pretentious in the room.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#255

Post by ghego1 »

viraptor wrote: post #23
tablespoon wrote: post #17

Earlier quoted context omitted.

> I'm not sure I get this point of view. I think that Beeple is basically just a rando-tier DeviantArt/Tumblr artist, and much of his art is cringe to boot. Since someone purportedly paid the equivalent of $69 million in ETH for it, it's noteworthy that there's no there there.

Cringe doesn't mean bad - I would say 90% of Jim'll paint it is cringe and awesome https://jimllpaintit.tumblr.com/ And having 5000 daily pieces is art by itself.

Thanks for this! I really like his work, I think I'll buy a poster :-)

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#256

Post by arbol »

yarcob wrote: post #230
spoonjim wrote: post #222

Earlier quoted context omitted.

Even if it’s painting the tape it’s an expensive proposition at close to $10 million in Christie’s fees.

10 million in ETH. How easy is it to exchange large sums like that? (Genuine question, I have no idea)

If it's going to another Eth address then it's as simple as sending a transaction. Fees are a problem these days but they could've sent it for as little as 1-2usd to as high as 30-100usd. Higher fees mean faster processing.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#257

Post by ghego1 »

texasbigdata wrote: post #110
Animats wrote: post #3

Didn't it come out that there was some pre-existing commercial relationship between buyer and seller? Was this a real transaction?

So if you buy two things from one vendor, where the first time you had a good experience, it’s now fake? That’s like the core crux of SaaS!

I think that the point is that the price paid for transaction two might not reflect just the value of transaction two, but also part of transaction one. This would imply that the two parties are collaborating to inflate prices. Which in art is not difficult to imagine since both parties have a very strong interest to report inflated prices.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#258

Post by arbol »

TeMPOraL wrote: post #118
Kiro wrote: post #81

Earlier quoted context omitted.

Yeah, and regarding using just raw IPFS hashes there's this comment further down the thread indicating not even that is enough (I know too little of IPFS to verify but seems legit): https://twitter.com/jonty/status/1372169695277760519

I'm two years out of date on what's going on with IPFS, but assuming the core ideas didn't change: that Twitter comment is technically right, but with caveats. IPFS, as a P2P system, only contains the files individual users are hosting. There's no fundamental obligation to rehost other people's content - but there are various incentive schemes[0]. The address itself is a hash of file contents, so if someone were to r…

Moving IPFS to the crypto world has made it more of a success. I need distributed storage for an app I'm developing and I'm far more comfortable paying people to host the content instead of relying on goodwill.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#259

Post by arbol »

dgellow wrote: post #96
pharmakom wrote: post #61

the art perfectly captures someone desperately trying to be relevant despite having nothing to say.

That doesn’t really match reality though. He did the vast majority of this work when he wasn’t relevant in any way. It’s not like he became famous in 2007 and continued publishing to milk the cow. For a decade almost nobody cared, then he became a meme artist.

But there's not really anything being said in the art despite adopting the facade of political commentary. I think the parent commenter was correct in this respect.

Re: All 5000 Images in Beeple’s $69M Magnum Opus:What I Found Isn’t So Pretty

#260

Post by user-the-name »

fastball wrote: post #247
user-the-name wrote: post #240

Earlier quoted context omitted.

You mean, buying drugs?

Yes. Using Bitcoin to buy drugs from other people is not fraud. It's transactional.

Here's the thing: While I have nothing against drugs, and think them being illegal is ridiculous, the fact that they ARE still illegal means that those who sell them are, by and large, not nice people. Giving them money is not a good thing.
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