Bitcoin In Thailand

[My Penis is hungry]

Yep, describes Bitcoin perfectly. It's not a currency no matter how much the early people wanted it to be.

 

USA, Oz, you have to pay tax on your earnings. 

 

 

[Coss]

And now there's NFTs - non fungible tokens.

When people such as the inestimable, awesome, "Ye" (Kanye West)  "drop" a picture of a hand-written note - “Do not ask me to do a (expletive) NFT.”    yo no that something is pointless.  LINK

Yes even though people have paid in the millions for NFTs, that's just FSA - "first sucker advantage". 

On this very page there is a pixel that is an NFT and only viewable by you. I will sell it to you for USD 250,000,000

For details on it's precise location, send money to my account.

Clue: it's Hexadecimal colour is either #f0f1f5 or #ffffff

[Coss]

OH WAIT....    I've just invented an entity that is so rare, so individual, so inexhaustibly excellent and thanks to differences in spatial frequency perception, it will never lose value, ever.

One is available.

It is number three of a series of five, and all five must be present in the same room to be viewable.

Send money etc....

[khunsanuk]

Hi,

Right, and anybody can actually copy an NFT as in most cases they are just a digital picture. But somehow you 'own' the 'original'.

Sanuk!
 

[My Penis is hungry]

Sorry but I do get NFT

 

In the arts similar "products" already exist and are in use.

 

Not forgeries, but works of art that can easily be forged.

 

Photographs can be copied reasonably easily, when I was very involved with a photographic gallery this was often a subject. Most of the artists hand printed, but some used lab photos.

 

What made them unique was a simple issue number

 

Video work, even online art is essentially a easily copied work of art, and a NFT

 

NFT's are being seen within the art world as a legitimate viable solution and apparatus of art.

 

So while many new things may seem stupid to old grumpy white men, they do have legitimate uses,

 

The providence of artwork is a huge issue, so NFT is a great solution for some artworks

[Mekong]

Non-fungible tokens (NFTs)

‘Huge mess of theft and fraud:’ artists sound alarm as NFT crime proliferates

The digital marketplace for NFTs grew to an estimated $22bn last year but companies face challenges monitoring stolen art
Article

[My Penis is hungry]

From the link

 

In theory, blockchain technology was supposed to make it easier for digital artists to sell unique tokens of ownership, offering buyers a permanent record of ownership linked to the work.

For some artists, the technology opened up a new way to earn money : Kenny Schachter, a New York-based video artist and art writer, embraced NFTs early and said he has made hundreds of thousands of dollars in the past year, after three decades working within an art world in which video art rarely sold.

“We’re in an incredible mushrooming of opportunity for digital artists,” said Schachter. “It’s 1,000% better than a year ago, two years ago, when there was no marketplace for any of this art.”

 

As usual you'd expect a news article to take the angle they did

 

Farnkly though, and I do know, live with have best mates with many artists, they all seem to like the basic idea

 

Like I mentioned, many genres are open to copying.

 

What fails here is people not checking on if the real artist is the one selling the work.

 

As with all counterfeits it's the first step in providence

 

 

[khunsanuk]

Hi,

>As with all counterfeits it's the first step in providence

In the case of digital art, does it really matter though if you have the original or a copy as they will be identical.

Unless of course you bought it purely to speculate on its value.

Sanuk!
 

[My Penis is hungry]

Yes it does matter, artist sells that as a object or limited edition, it's end "use" is for the buyer.

 

I guess what the larger picture is, do the copies give money back to the artist? Only if authorized by the artist

 

Thinking that way it's similar to software, you don't want copied made

 

 

[khunsanuk]

Hi,

Obviously there is a difference for the artist, but I was talking about the buyer's perspective.

Sanuk!