Poll of the Day > NFT of White Man being Auctioned will be, eh, Auctioned...

(+) Yeah! (+)

https://nypost.com/2021/09/25/christies-to-sell-nft-of-white-man-being-sold-as-slave/



Is It Offensive or Racist to Bid On It? (Poll Question)

I still need to understand the concept of NFTs first.

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Nichtcrawler X posted...

I still need to understand the concept of NFTs first.

It's like copyright but crypto-based. Most instances just consist of people wanting to own these things for the sake of owning them and not caring about other uses, but my understanding is that if they actually did want to pursue royalty payments or other such enforcement actions against unauthorized use, they'd be able to.

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adjl posted...

but my understanding is that if they actually did want to pursue royalty payments or other such enforcement actions against unauthorized use, they'd be able to.

I heard the opposite, hence me not understanding them.

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Nichtcrawler X posted...

I heard the opposite, hence me not understanding them.

Uh they might have standing to bring suit, but most companies are smart enough not to use stuff without permission and non-commercial use is unlikely infringe on the right.

Naked Fun Time
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He's done good art in the past but this sucks and literally makes 0 sense.

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if you're trying to make a picture of a white man being sold as a slave (which I'm not even sure what you're trying to say with the art), why would you do it on a street corner and take a picture where it looks nothing like that?

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Nichtcrawler X posted...

I still need to understand the concept of NFTs first.

Massive amounts of energy to produce something unique that someone needs to feel unique.
I'm wondering how long until computers make them nearly-useless and accessible instead of unique.

So, beanie babies but less fun and more destructive since it's for greedy adults.

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I understand how virtual coin takes up resources, but I'm confused how NFTs take up resources. Isn't it just making a JPG to sell??

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ReturnOfFa posted...

I understand how virtual coin takes up resources, but I'm confused how NFTs take up resources. Isn't it just making a JPG to sell??

It takes powerful computing. That requires energy.

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how does it take powerful computing to sell a jpeg

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pedro45 posted...

It takes powerful computing. That requires energy.

>__>

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Google it. It takes about a months worth fridge energy or the energy it takes to power a house for almost two days.
Idk how you guys think electricity or energy works, but it doesn't come out thin air quite yet.

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then how is it any different than selling anything else digitally

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https://theconversation.com/nfts-why-digital-art-has-such-a-massive-carbon-footprint-158077

"When you buy an NFT, youre buying a unique certificate of ownership, which is locked away on an immutable distributed database known as a blockchain. The creator of the artwork generally retains the copyright and in most cases, you own little more than bragging rights. Creators are also likely to pass the costs for creating your NFT files (or minting them) on to you (around US$100 as I write this).
Most of the time, what youll also be responsible for is an enormous carbon footprint.
Counting the carbon cost of NFTs
Because they depend on a blockchain, NFTs use a lot of energy. Most creators still use Ethereum, a blockchain secured using a similar proof-of-work system to Bitcoin. This involves an energy-intensive computer function called mining. Specialist mining computers take turns guessing the combination to a digital lock (a long string of random digits). The computer that correctly guesses the combination wins a reward paid in a cryptocurrency called Ether. The digital lock resets roughly every 15 seconds, and the competition continues. Ethereum uses about 31 terawatt-hours (TWh) of electricity a year, about as much as the whole of Nigeria.
Its very difficult to calculate exactly how much responsibility the NFT industry should take for Ethereums carbon emissions. Ethereum was going to run with or without NFTs. But with the growing demand for digital art, NFT buyers and sellers are becoming liable for an increasing share of Ethereums total energy use, and some artists are starting to think twice."

OK there we go. Yeesh how silly.

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ReturnOfFa posted...

which I'm not even sure what you're trying to say with the art)

Probably nothing more than eliciting a reaction from people

It's money laundering.

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Devolver Digital has it best. It's a non-fuckwithable tape.

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ReturnOfFa posted...

if you're trying to make a picture of a white man being sold as a slave (which I'm not even sure what you're trying to say with the art), why would you do it on a street corner and take a picture where it looks nothing like that?

Not a picture, but a short Video

Nichtcrawler X posted...

I still need to understand the concept of NFTs first.

You pay money for your wallet's ID to be next to a url (which currently points to an image or video) in a giant text file. It confers no legal ownership rights

ReturnOfFa posted...

I understand how virtual coin takes up resources, but I'm confused how NFTs take up resources. Isn't it just making a JPG to sell??

An nft is basically a cryptocurrency transaction with extra metadata (the url which currently points to the object you are "buying") so it had all the energy costs of a normal crypto currency transaction

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ReturnOfFa posted...

if you're trying to make a picture of a white man being sold as a slave (which I'm not even sure what you're trying to say with the art), why would you do it on a street corner and take a picture where it looks nothing like that?

That's why it's considered 'ART'