Thursday, April 1, 2021

Holiday: Have a lucky coin that is entirely fungible.

Have a lucky coin that is entirely fungible.

Lucky coin: Finding a coin heads up on the ground is an auspicious sign. The free clink in your pocket is a sure sign that you have someone or something’s favor. Remember to use that coin and its luck fast so that it doesn’t have the chance to sour.

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NFT’s are for fools. As today is a day for fools, I will waste a bit of my time on them. NFT’s, or non-fungible tokens, are a hot topic right now. I primarily think they are bad because they create a sense of value by creating false scarcity. Digital assets are infinitely reproducible and NFT’s just want to use art as a way to add legitimacy to the token collection craze. This also entirely ignores the real environmental cost of running supercomputers just to maintain a decentralized currency so that people can say they own a URL.

Crypto may be here to stay but I for one am not impressed by its impact on art.

Be excellent to everyone.
-Ceph

 

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