[NOA Prints]

Different point of view:)

[kuni]

Elon Musk's dropping a NFT. It's awful. Really really bad. Here take a look.

For better or worse I think we're beyond the point of no return on these things.

[poofly]

Best description of NFTs I've read so far....

'It’s like a “Certificate of Authenticity” that’s in Comic Sans, and misspelt.'

davidgerard.co.uk/blockchain/2021/03/11/nfts-crypto-grifters-try-to-scam-artists-again/

[Monkey]

Mar 15, 2021 20:51:22 GMT 1 NOA Prints said:

Different point of view:)

On the same topic (sorry if it has been shared already)

blog.duncangeere.com/the-environmental-cost-of-cryptoart/

Even if i find this more than exciting, that disastrous environmental cost will keep my away from it at the moment. Lot of people are saying that ETH 2.0 will solve most of those but it has been announced for years now but it is still not here. That medium post is pretty well written too:

everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3

Stay safe all

[ECL]

Mar 16, 2021 11:47:44 GMT 1 poofly said:

Best description of NFTs I've read so far....

'It’s like a “Certificate of Authenticity” that’s in Comic Sans, and misspelt.'

davidgerard.co.uk/blockchain/2021/03/11/nfts-crypto-grifters-try-to-scam-artists-again/

a good article, thanks for posting. 

[poofly]

Really good article here about how an artist right clicked his NFT listings and changed the pictures to that of a rug. Kinda defeats the purpose of the whole blockchain PoW 'authenticity' rather comically

cointelegraph.com/news/opensea-collector-pulls-the-rug-on-nfts-to-highlight-arbitrary-value

[jimmyjam]

---Financial Regulations

www.entrepreneur.com/article/367220

“Almost all currency transactions are carried out through banks or exchange houses, and this is what should happen with cryptocurrencies. When the flows go through regulated exchanges, it will be much easier to address possible irregularities, such as money laundering, and make sure that taxes are paid," he said.

"For this to happen, banks will need to open accounts for exchanges, so they must be regulated."

---Environmental Regulations

earther.gizmodo.com/the-regulations-that-could-help-reduce-bitcoin-s-carbon-1846446378

"There are still other options, including regulating machine producers. “Bitmain is responsible for producing the majority of these mining devices. Why not put a carbon tax on them?” de Vries said."

--- Complete Ban / Or like what India is considering making it illegal to hold Bitcoin or Cryptocurrency.

www.theverge.com/2021/3/15/22332677/india-cryptocurrency-trading-mining-possession-ban-law-report

"India is reportedly moving forward with a sweeping ban on cryptocurrencies. According to Reuters, the country’s legislature will introduce a bill that criminalizes trading, mining, issuing, transferring, or possessing cryptocurrency. The bill is likely to pass if it’s introduced, giving India some of the world’s strictest digital currency laws."

-- Again the more "quick" attention Bitcoin prices and NFTs the worse for the technology. It will only bring more attention from governments in the "wrong way" which is not what you want as bitcoin holder.

I'm going to take out at least 60 percent of my Crypto for a major dip. It's so high right now and I don't see another major stimulus for bitcoin from stimulus checks or a major company buying into this. I'll buy back at the dip. There are some HUGE hurdles coming up for Cryptocurrencies and NFTs soon.

When governments start to even talk about regulations (financial or environmental) or the idea cryptocurrencies have to go through BANKS... the price will tumble in one second. If even 1/4 of the countries make cryptocurrencies go through banks... have fun with that. Or if countries like India - with over a billion people - makes it illegal to even own any cryptocurrencies whatsoever. That will leave only criminals to hold it. 

[jones27]

D Face is dropping on Nifty Gateway Friday..

The 'scene' is quite refreshing - nobody is getting on that tired high horse about flipping nor trying to flog a Banksy postcard or paper rat giveaway.  

[jimmyjam]

Tim and Elon. It's fun watching these two billionaires use each other to make few more billions before regs come in and knock down the value of crypto.

Smart guys to really push hard for crypto right now - right before Coinbase IPO. They have the timing, again, down right with this next investment. This is how the Bay Area does it.

[kuni]

Mar 17, 2021 9:41:09 GMT 1 thevlad said:

Mar 16, 2021 20:58:31 GMT 1 derivitive said:

www.cnbc.com/2021/03/16/sothebys-enters-nft-world-in-collaboration-with-digital-artist-pak.html

It's all greed

The poor man's Beeple! 

Sotheby's & NFTs right now: 

Not sure if you caught top brass from Sotheby's talking about NFT's on Clubhouse last. night. I don't even know where to begin...I think the CEO said something along the lines of outside of a charity auction this is one of the first times they've worked directly with the artist on a consignment piece of art for auction.

There were a couple big collectors on who basically said "I'VE BEEN DYING TO GET INTO NFT but just haven't felt comfortable venturing into the markets but now that Sotheby's is saying this artist is credible I can feel comfortable jumping into him" 

On the announcement Pak's art mooned. 

[kuni]

Watching who's buying up all of the Cesar Piette pieces on NG and a good bunch of them are being purchased by usernames that i recognize from this site and//or people i follow on instagram. Pretty amusing...

[flatcolor]

NFT = No Fucking Thanks!

[lifeonwalls]

Interesting thread/read

twitter.com/jonty/status/1372163423446917122?s=21

It’s all a scam.

[acaipride]

I love how Elon played the NFT hype, golden moments to be cherished.

When Elon tweets the whole world listens.

[wompa]

news.artnet.com/opinion/beeple-everydays-review-1951656

Really interesting look at what 69m gets you. That auction was an utter shill by crypto insiders trying to make headlines around NFTs (and it worked)

[acaipride]

But hey, keep believing the loudest mouths in this forum.

[vernaxley]

Mar 18, 2021 15:15:49 GMT 1 wompa said:

news.artnet.com/opinion/beeple-everydays-review-1951656

Really interesting look at what 69m gets you. That auction was an utter shill by crypto insiders trying to make headlines around NFTs (and it worked)

$69m sets the bar very high for a piece of average art which simply means it has further to fall. Good luck with the secondary market on that one. 

[startimeash]

Probably not even an NFT, either, in the strictest sense...

news.artnet.com/market/beeple-everydays-controversy-nft-or-not-1952124

[kuni]

Mar 17, 2021 23:14:36 GMT 1 thevlad said:

Mar 17, 2021 18:00:54 GMT 1 kuni said:

Watching who's buying up all of the Cesar Piette pieces on NG and a good bunch of them are being purchased by usernames that i recognize from this site and//or people i follow on instagram. Pretty amusing...

Name and shame! Dare you! 😁

Nah don't want to get blocked. People with the same NFT username as they have on here and/or IG...

Joe on UAA: NFT's aren't real art they're a scam!

Also Joe: GIVE ME ALL THE CESAR PIETTE NFT'S!

[vernaxley]

Mar 18, 2021 18:02:34 GMT 1 startimeash said:

Probably not even an NFT, either, in the strictest sense...

news.artnet.com/market/beeple-everydays-controversy-nft-or-not-1952124

Here's what Christies said: " Christie’s is the first major auction house to offer a purely digital work with a unique NFT (Non-fungible token) — effectively a guarantee of its authenticity ."

Here's what he Guardian said about Christies: www.theguardian.com/artanddesign/2010/oct/17/christies-forger-art-scam

And The Wine Spectator: " www.winespectator.com/articles/news-analysis-christies-is-counterfeit-crusaders-biggest-target-42436

And The Art Newspaper: www.theartnewspaper.com/archive/christie-s-sued-over-fake-painting-sale

[theclash]

Mar 18, 2021 18:20:32 GMT 1 derivitive said:

Mar 18, 2021 18:04:41 GMT 1 kuni said:

Nah don't want to get blocked. People with the same NFT username as they have on here and/or IG...

Joe on UAA: NFT's aren't real art they're a scam!

Also Joe: GIVE ME ALL THE CESAR PIETTE NFT'S!

If anyone is using my name, they are an impostor. NFTs are a scam.

They are cleary a derivative derivitive

[sleazus1slord]

knownorigin.io/iheart

[Black Wolf]

Does anyone have any info on the DFace release tomorrow on Nifty?

[set0312]

Mar 18, 2021 20:06:40 GMT 1 Black Wolf said:

Does anyone have any info on the DFace release tomorrow on Nifty?

A bit worried that the open edition is gonna be $1000 or so. 

[Spenie]

I don't get it at all, must be my age, paying a lot of money for a screen saver.

[quinn]

Mar 18, 2021 22:14:00 GMT 1 Spenie said:

I don't get it at all, must be my age, paying a lot of money for a screen saver.

im of the same opinion I just don’t get the attraction one bit. It’s like we’ve run out of stuff to collect and this is what’s left....feels Soulless

[jimmyjam]

www.coindesk.com/bitcoin-rich-list-shrinks-price-rally

Possible sign of the pump and dump - "dump" part starting. Some of the big whales are slowly getting out now while the price is really good.

[badcollector]

Mar 18, 2021 23:22:30 GMT 1 jimmyjam said:

www.coindesk.com/bitcoin-rich-list-shrinks-price-rally

Possible sign of the pump and dump - "dump" part starting. Some of the big whales are slowly getting out now while the price is really good.

Jimmy, respectfully you’re an idiot who knows nothing about crypto.

[lv90210]

Mar 19, 2021 5:43:51 GMT 1 badcollector said:

Mar 18, 2021 23:22:30 GMT 1 jimmyjam said:

www.coindesk.com/bitcoin-rich-list-shrinks-price-rally

Possible sign of the pump and dump - "dump" part starting. Some of the big whales are slowly getting out now while the price is really good.

Jimmy, respectfully you’re an idiot who knows nothing about crypto.

Respectfully..... hahahah !

[Deleted]

Really interesting thread. I don't understand the appeal of NFTs at all, but completely prepared to accept the fact that's due to me being in my early 40s and times a-changin'. If NFTs make people happy in the same way that a painting hung on a wall does, good luck to them.

The thing I find particularly confusing about NFTs is it seems they can be anything: an artwork; a few seconds of a basketball game; Pokemon cards; a tweet; a tube of imaginary Pringles. I can't get my head around how you can extract a credible art market from that muddle. I don't understand where the differentiation is between a Beeple mosaic of not-very-good drawings and a Charizard card, when they're all just pixels in a digital file. Again, me not understanding something makes no difference to the legitimacy of it.

It also seems like you can't actually own an NFT, right? It's always held by someone else, be it artist or company, so it's more like an indefinite lease? And if the person/company holding it disappears your NFT can go with it?

Lastly, given how extremely environmentally unfriendly the NFT world is, it seems a risk for established artists to say they're fine with damaging the environment if it makes them lots of money. Younger people, who are surely largely the market for NFTs, are generally far more environmentally conscious than older generations, so I would expect a big backlash against NFTs and their effect on the planet. Haven't seen a credible explanation for how to make NFTs carbon neutral (planting trees does not realistically 'offset' carbon emissions).

Sorry for the massive waffling post.