[trutannus]

> Because artists haven't generally backed themselves [into a] very unhealthy social scene of greed and deception

Except they absolutely have. The contemporary art market is exactly what you describe. There's sharks sitting in tanks of embalming fluid being sold for tens of millions of dollars just to be put in storage, and people laundering their money in art investment schemes. The contemporary art market is absolutely an unhealthy social scene of greed and deception.

[raspberry1337]

You're absolutely right, and I personally find 'modern' art unappealing and a scam (banan on wall 30k plz), but this is because it is being used a commodity in a rotten, oligarchic financial system where we bail out corrupt bankers at the cost of the people.

With crypto, the pollution is built into the system. It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on walls.

[trutannus]

> It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on walls.

So is the contemporary art world. The contemporary art world is vastly polluting as well. How much GHG do you think is generated to run a museum, or warehouse, transport aircraft, ect, filled with bad contemporary art?

[TomSwirly]

This is a wild argument. You're comparing apples and anteaters.

No-one is proposing that contemporary art is some sort of technological breakthrough that will completely revamp society, make everyone rich and change finance for the rest of time.

(Also, I'm sorry, but I do NOT believe that contemporary art consume even a tiny fraction of the power that cryptocurrencies do when nearly all of it sits in a handful of warehouses and never moves, just changes ownership abstractly. You would really need to prove this claim.)

[trutannus]

Right, but you're taking my comment out of context here. The point I'm making is that dismissing Crypto for this reason makes little sense.

[raspberry1337]

Well, I find it as bad as you seemingly do, but I cannot deny that apparently some people like that kind of art.

[DebtDeflation]

>The contemporary art market is exactly what you describe.

Yes, there are strong parallels between the art market and the NFT market. The main one being that money laundering seems to be the primary purpose of both. But at least art does provide people with some level of subjective enjoyment beyond that.

[falcolas]

At least they have the shark, and can just lock it away if they wish. Something no NFT buyer can claim.

[trutannus]

I'd agree that a rotten shark in a tank has more substance to it than an NFT. Shame it's in embalming fluid. You could eat it if you fall on hard times otherwise.