Dear dear nettimers, Awake! The arts are kickin it! Maybe badly... Here is another, maybe relevant txt if you haven’t seen it!
<hey Daniel, I see that you have followed the NFT situation lately, I'm happy that I can share with you this article I wrote some days ago in Italy and now also translated > https://networkcultures.org/longform/2021/03/11/cats-frogs-and-cryptoartists-what-if-auteur-jpgs-become-a-luxury-good/ molly On Fri, Mar 12, 2021 at 11:57 AM Heidrun Allert (sie/she) < all...@paedagogik.uni-kiel.de> wrote: > Dear Brian, > > The hierarchie you present is a valuable framework. Interestingly enough, > Bitcoin advocates claim that mining Bitcoin is real labor, real machines, > real workers there. > > Best heidrun > > sent enroute > > Am 11.03.2021 um 18:20 schrieb Brian Holmes <bhcontinentaldr...@gmail.com > >: > > > > I can't answer the second question, but as to the first I believe that > there are three distinct forms of money that currently operate in a > hierarchy: > > -- Infinite money which is produced and deregulated in the financial > markets through the manipulation of information > > -- Institutional money which is produced and regulated within national > frames by governments seeking to stabilize social reproduction > > -- Sweat money which is produced on the ground through the exploitation of > labor paid at the bear minimum of survivability > > The last form of money is the most extensive one, it's the most common > coin, the basis of most livelihoods on earth. Institutional money, however, > has been carefully decoupled from sweat money; and infinite money has been > decoupled from institutional money in its turn. Institutional money began > to be produced through Keynesian management of national economies from the > 30s onward, it's inseparable from social democracy. Infinite money started > up after the postwar gold standard was abandoned in 1971, and became what > it is today with the introduction of computerized trading. > > What does infinite money mean to its owners? Financial capital is power > when it is applied to institutions or labor processes. However it can also > be used for status displays, what Veblen called "conspicuous consumption." > So you have to bring art back in. For better and mostly worse, "high" > culture remains the noisy ghost at the top of the capitalist pyramid. > > best, Brian > > On Thu, Mar 11, 2021 at 10:47 AM Felix Stalder <fe...@openflows.com> > wrote: > >> I'm sure many have followed the NFT art saga over the last couple of >> months and seen today's headline that somebody just paid $ 69,346,250 >> for a NFT on a blockchain, meta-data to claim ownership of the >> "originalcopy" of a digital art work. >> >> >> https://onlineonly.christies.com/s/first-open-beeple/beeple-b-1981-1/112924 >> >> I don't want to start a discussion on the revolutionary vs reactionary >> character of this emerging art market. All of that has already been >> said. If you want a close approximation of my perspective, I refer you >> to this: >> >> >> https://everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3 >> >> What I'm more interested in here is to ask two things. >> >> What -- after a decade of quantitative easing and crypto-currencies >> rising into the stratosphere -- monetary value is indicating for the >> segment that profited the most from these developments and what does >> that mean for the rest of us? >> >> And, assuming that this is not a cartoon version of a potlatch where >> wasting resources serves to put rivals to shame, how many different >> scams -- money laundering would be an obvious contender -- are being >> layered on top of one other to create this? >> >> Quite puzzled. Felix >> >> >> >> >> >> >> >> >> >> -- >> | |||||||||||||||||| http://felix.openflows.com | >> | Open PGP | http://felix.openflows.com/pgp.txt | >> >> # distributed via <nettime>: no commercial use without permission >> # <nettime> is a moderated mailing list for net criticism, >> # collaborative text filtering and cultural politics of the nets >> # more info: http://mx.kein.org/mailman/listinfo/nettime-l >> # archive: http://www.nettime.org contact: nett...@kein.org >> # @nettime_bot tweets mail w/ sender unless #ANON is in Subject: > > # distributed via <nettime>: no commercial use without permission > # <nettime> is a moderated mailing list for net criticism, > # collaborative text filtering and cultural politics of the nets > # more info: http://mx.kein.org/mailman/listinfo/nettime-l > # archive: http://www.nettime.org contact: nett...@kein.org > # @nettime_bot tweets mail w/ sender unless #ANON is in Subject: > > # distributed via <nettime>: no commercial use without permission > # <nettime> is a moderated mailing list for net criticism, > # collaborative text filtering and cultural politics of the nets > # more info: http://mx.kein.org/mailman/listinfo/nettime-l > # archive: http://www.nettime.org contact: nett...@kein.org > # @nettime_bot tweets mail w/ sender unless #ANON is in Subject: -- molly hankwitz - she/her http://bivoulab.org
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