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John Cleese Sells the Brooklyn Bridge as an NFT

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Re: John Cleese Sells the Brooklyn Bridge as an NFT

#381

Earlier quoted context omitted.

This is not true. Digital items do not have an original. In fact creating the digital item itself creates multiple copies in the process, and every viewing of it creates infinitely more copies.

> Digital items do not have an original Sure, except in the case of NFTs which is the subject of this discussion. Then there is one original (the NFT that the original creator created) and it has exactly one owner. Anything else is a copy.

The point is that without an original, an NFT is just a receipt pointing to one of many completely identical - and fungible - items.

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#382

Earlier quoted context omitted.

I was actually starting to accept NTF’s, until I noticed the price—-$69 to register your bits. This stopped me flat. To all you pumped up to be the next Zuck, I would be coding a NFT site. Oh yea, I heard these companies take your word that the bits are yours. People are ripping off online artists/originators.

> $69 to register your bits. This stopped me flat. I've briefly looked into a NFT markets and the cost was a few 10s of cents. Where were you looking?

Ethereum gas fees probably. I've minted several pieces on Rarible and it was like ~$20-30 each time (and gas was relatively "low" at the time).

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#383
post #366
post #256

Earlier quoted context omitted.

> People doubting that a thing is actually art at all seems to be a fairly consistent marker of something being good art. Survivorship bias. The successes are highly visible, and we never hear of the failures. > If readymades are art, if a blank canvas is art, then art is just a scam! Ceci n'est pas une pipe. All art is a kind of deception.

I'd point out that one thing about "con job" art like that is that, compared to craftsmanship art, where there's a steady paycheck for skilled work, "con art" is, well, the lottery. Tons of people try, and the vast majority make absolutely nothing. Meanwhile, in craftsman's art fields (all of the many ingredients that go into filmmaking, videogames, etc), if you're merely competent at what you do, it's like being a p…

> every person who's gotten a degree-equivalent level of skill/effort into skilled art has earned a living doing it

Not for the folks I know. I know plenty of authors, painters, photographers, and ex-film-students who need day jobs. It's practically a trope. These are people with degrees in the subject who have already made professional money at it, but can't make enough steady money with it.

(guessing here) If you met these people on the job, you'd know a lot more gainfully employed folks simply by definition.

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#384

Earlier quoted context omitted.

> $69 to register your bits. This stopped me flat. I've briefly looked into a NFT markets and the cost was a few 10s of cents. Where were you looking?

Ethereum gas fees probably. I've minted several pieces on Rarible and it was like ~$20-30 each time (and gas was relatively "low" at the time).

Well. If anyone needed another reason not to use Ethereum NFTs...

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#385

There are children going hungry at school, people with trivial to fix but prohibitively expensive medical issues, and silicon valley millionaires are spending more than many will make in a year by purchasing bullshit. Shit's on fire, yo.

> Shit's on fire, yo. Let them eat cake. Can anyone else hear the guillotines being sharpened? Seriously though this obscene inequality can only lead one place, and we were lucky that they were morons on January 6th and not organized properly. Ironically the revolution will be stoked by those first up against the wall in the name of engagement . It won’t be televised but it will be on Instagram.

Just curious why you mentioned the Jan 6 riot, where the only person killed was a small white female that was shot by a black trigger happy cop, and not the 40+ people killed, billions of dollars in business and personal property damage, thousands of injuries and violent attacks caused by the BLM and Antifa riots?

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#386
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post #42

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Is physical art any different? If anything this is a democratization of the wealthy auction scene. A new tier of field to play. Alternative assets come in all shapes in sizes. I can store wealth in gold, comics, wine. Why not my name on a ledger listed as owner of nothing in particular other than the price I paid for it? The amount of hate they get on HN should be a clue that everyone is being over analytical and log…

Physical art is different. (hang with me here, but..) "Investing" in a Picasso is an investment in a long-term store of cultural value that you speculate will appreciate more quickly than the S&P. Probably because you bet that the 1% will see outsized gains compared to the 99%. Maybe you also like the art and want to be the only person in the world who can display it. Also it can be very useful as a tax dodge. "Inves…

Patronage is the worst counterpoint (if you meant it as one.) Buying an NFT from an artist you like is direct support.

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#387
post #327

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I see what you're saying that the authenticity and the connection have some value. That value is intrinsic to the object itself though. NFT is asking us to pretend that that "intangible connection" can be parceled out for speculators as collectible magic numbers while the real lightsaber hopefully sits in Lucasfilm's warehouse.

NFTs imply there is a platform which supports the contract and blocks all non-ownership AND people will use no other platforms

Not necessarily.

It would be more impressive if Jack can sell his first tweet, once on each major platform. Now they are somewhat fungible, non fungible titles. If one is worth more than the other, why?

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#388
post #337
post #301

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to the moon!

Joke aside, what's to prevent anyone from selling an NFT for "the first NFT"? They've done it for tweets... And what would that make of their claim of "verifiable unique" ownership?

A claim of ownership requires one thing ... other people to believe it.

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#389
I used to think NFTs include the copyright for the underlying work ... but I've just been educated and it seems you don't even own the copyright of the underlying work. That stays with the artist.

All you literally have is a few bits on a blockchain that say you paid so and so money to say you own the work on the blockchain. That's it.

And not every blockchain mind you. Just that specific blockchain. On another blockchain someone else can own the work.

NFTs are ridiculous if they don't act as a registry of actual ownership. I don't know why people think otherwise.

Re: John Cleese Sells the Brooklyn Bridge as an NFT

#390
post #296

Earlier quoted context omitted.

This NFT is not "The Brooklyn Bridge", this NFT is "Remember when John Cleese sold the Brooklyn Bridge NFT". Do you think nobody wants the bragging rights of owning that? I certainly do, but not for $50k, which it already has.

This isn't really convincing. If NFTs are only valuable when celebrities sell them as part of a fad, then they have absolutely failed to meet the "correspondence to ground" point.

How about if somebody sells NFTs and then becomes famous? Maybe they become famous for NFT art, maybe not.

Chances are most will expire worthless, but a select few may be early works from people who go down in history.

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