You know, unpopular opinion, but while I'm normally someone who dunks on this kind of thing I think NFTs are exactly the kind of conceptual contradiction and metanarrating that art has been trending to for the last three decades and I think while it will get tired and pass,
it's just as useful & intellectually engaging as other art trends over the past few decades.IoW,I don't see why the NFT being worth so much more than a JPEG is inherently any crazier than an original piece of art being worth way more than a perfect reproduction
The conceptual "specialness" is just as debatable and abstract a notion, it just feels "fake" because its digital which is in and of itself an idea to unpack and explore in art. and certainly I can imagine an art class spending 3-4 weeks on NFTs fruitfully.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Nathan Tankus

Nathan Tankus Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @NathanTankus

29 Nov 20
This paper's analysis of the MMT position isn't very serious.

1) It randomly cites a hodge podge of historical examples without any discussion of one. It relies on readers ignorance and kneejerk reaction that a"token"like a cowrie shell must be"debt free".It's a shell!
2) the discussion of government bonds related to MMT is barely worth commenting on its so bad. No one who says that government securities are a form of money says that they are literally exactly identical to other forms of money.
This criticism is also inconsistent with the criticism that immediately follows it which is trying to de-emphasize the immediate role of an instrument because there is an interrelation of financial instruments that leads to payment clearing. One can say the same of T-Bonds
Read 22 tweets
23 Oct 20
Finally got around to listening to this and it is excellent. The discussion of the community reinvestment act you never realized you needed.
What I especially appreciated about @rmarchiel's analysis is it shows why a digital fiat currency is politically so important. A point that strangely @BCoeure made with @TheStalwart @tracyalloway on oddlots.
That is, people's ideas about what money is and what they can demand of money design, in the absence of intense historicized monetary education, is often determined by the immediate materiality of money. When money is a bank deposit, it is seen as inherently private.
Read 7 tweets
7 Oct 20
Something I've been thinking a lot about lately is people have kept on looking for some "replacement" for the dollar. First the Euro, then the Yen, sometimes some gold-backed (or oil backed?) middle eastern currency. Sometimes Bancor/SDRs, nowadays the Yuan (a decade ago BRICs).
but replacing the dollar doesn't make sense without the political shift to a new hegemon and for all the talk (both real and imagined) of the U.S.'s relative decline there's just nothing like it. Moreover, we DON'T WANT a New Hegemon. That would suck.
Equalizing the world will mean actually moving to a world without a hegemon. But it won't look "multipolar" in the sense of the early 21st century of multiple "major currencies". It will be a world of more distributed power- a world of swap lines as alliance politics.
Read 6 tweets
2 Jul 20
I really appreciate this very, very generous profile from @petercoy but I do want to disagree with the headline, which is reinforced by the article. I do have a credential- the intersection of my whiteness, maleness and cisness. 1/N
That I'm a white cis male who dresses in dress shirts and dress slacks(and have done so since I was 19)has given me a passport into conferences,events and more.I crashed conferences without paying during high school that I would have been barred from if I looked any other way 2/N
IN 2010 I attended a mainstream economics PhD students conference where students presented their job market papers and I asked basic questions about their assumptions and methodology. That would not have been tolerated if I didn't have all those "credentials" 3/N
Read 21 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!