I can buy a drink or a snack or a few quarts of gasoline with that $5 bill (but not a roll of film!). And I can be fined more of those dollars if I violate copyright law. If I hack into and steal someone's NFT, there are no consequences I know of.
That is because the level of consensus has not yet been reached - quite possibly may never be reached.
I was in a shopping mall today, and sitting side by side I saw what I would describe as a "standard" bank cash machine ("ATM") and a Bitcoin ATM.
That Bitcoin machine is evidence of an increase of consensus around that currency.
You can't eat, wear, decorate your wall, or drive a bitcoin. It has no intrinsic value like oil, tobacco, wheat, cotton, cloth, oranges, steel, negatives, or photo prints.
Same applies to a dollar bill.
Same applies to a dollar bill.
I disagree it's political with what we're talking about. Understanding how money works ties into the reason NFTs have little or no value. You have to understand one, to understand the other. Money has inherent value., Currency does not necessarily. NFT's are similar to currency. Neither have inherent value. That's why we should be careful investing in NFTs rather than buying actual prints.
You have a hard job separating economic from political. I'm not jealous of you as that's a difficult job. For example, how can we speak of rising costs for photography especially film without discussing inflation, distribution issues, import duties, etc? All those have political overtones. How do you talk about the discontinuance of Velvia without discussing government regulation of chemicals? Likewise, these have political overtones as well.
Not a problem - just don't discuss the overtones
So if I paint a white line on top of my local hill and cycle across it, can I claim that I am the winner of the Alpe d'Huez?
I found the whole concept incomprehensible as it seems do most of my fellow members. I read the concept of a NFT but trying to make sense of it was like trying to make sense of the "Hu's on first base" sketch. It seems so ridiculous that like the sketch I ended up laughing at the whole thing
It's a version of the "Emperor's Clothes" concept isn't it?
That apart I have to say that frankly I have seen better pics in our Photrio Gallery. The one labelled Paris,France, 2020 had me in tucks of laughter. It is one fist and wrist in the air between two sets of houses. It could be anywhere and anybody
The short description of what is taking place i.e. demonstrators raising their fists in the air against police violence is supposed to be conveyed by what we see?????? Maybe we are meant to use our imagination as is the case when admiring the Emperor's clothes
So if I paint a white line on top of my local hill and cycle across it, can I claim that I am the winner of the Alpe d'Huez?
I suppose it all fits in with the concept of NFT
pentaxuser
"Who is on first?" is an Abbott and Costello routine. Hu's on first is a photograph of a LA Dodges' player.
You can claim that you are the winner of the Alpe d"Huez without painting a white line on top of your local hill and cycling across it. Why make it more difficult than it needs to be?
Surely I'd have to take a picture of me on a bicycle crossing the white line on the top pf a hill to give a touch of authenticity at least?
I could claim to be Superman as well but I'd need to provide a photograph of me emerging from a telephone booth surely?
Me winning the Alpe d'Huez stage of the Tour might be the easier pic
pentaxuser
I think that it would be better to have the photographer flying alone side you. More intimate and personal.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?