6529 Profile picture
3 Oct, 6 tweets, 3 min read
1/ So a friend asked me about this tweet - "doesn't this piss you off?" and I thought I would tweet my answer.

The short answer is "no"

Yes, at some level @Vince_Van_Dough / @StarryNight_Cap / @zhusu & "mystery billionaire" & 6529 are competing for certain pieces, but...
2/ ...it is much more important that our individual efforts aggregate to help the NFT art space.

It is easy to think about this in reverse.

If 6529 was the only buyer of generative art at >1,000 ETH, would the space be better or worse off?
3/ Another lens:

In a year, do I hope that there are 30 people/funds/daos competing for these top generative pieces or just the 3 of us?

I hope that there are 30, even though it will make things harder for 6529 Museum as a permanent buyer, not seller
4/ Another lens:

We are the only 3-4 people out of 8,000,000,000 who have ever been willing to spend more than 1,000 ETH on a piece of NFT generative art.

If we were doing statistical human rarity scores, I have more in common with this group than anyone except my parents 🀯
5/ It is an unusual feeling to be this early, this alone.

I am 100% certain we are right, but it is strange to think that only 2-3 other people *in the whole world* who feel as strongly about this as we do.

I was very early once before in my life, but not quite this early.
6/ So the game goes on.

I have won some rounds, @Vince_Van_Dough has won some rounds, mystery-$B-aire has won some rounds.

It is all good.

Rule #6 is that we don't run out of JPGs, and the 6529 Museum is certainly at no risk of that πŸ˜‰

πŸ™

β€’ β€’ β€’

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

Keep Current with 6529

6529 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!

PDF

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 @punk6529

5 Oct
1/ On A Pathway To An Open Metaverse

We are going to make a run at changing the arc of history.

It is a Return of the Jedi vs the Death Star style mission.

They have the money and the power. We mostly have our brains, our community and gm.

But it might be just enough
2/ A step back.

6529 has been involved in crypto since BTC summer 2013.

From the first day, I was convinced that BTC and its successors would change the world, make it a better world, decentralize power away from choke points, and that this was a net good for humanity
3/ I played a small role in BTC's development and acceptance.

Small in the scheme of things, but important to me, and, at the time, it was a "risky" move.

And since then I have been waiting for our more decentralized social systems to emerge.

And waiting, and waiting...
Read 54 tweets
3 Oct
1/ On ETH Gas Prices

Are Ethereum gas prices expensive for buying, transporting and storing art?

My πŸ”₯ take is that they are very inexpensive relative to what they are replacing

Is this because 6529 buys 1,000 ETH pieces? NO!

We will work it out on less expensive pieces
2/ I just bought some 0.1ETH "gm" pieces (so about $350) and have been paying about $35 in gas (10% of the price), so 90% to the artist and 10% in distribution costs.

Is that a lot 🐳or a little 🀏?
3/ Well, what is my alternative in IRL?

~ For any physical object you buy at retail for $350, not just 'art' but the cool vase on your bookshelf, somewhere between 40% to 75% of the cost is 'distribution' costs - from transportation to middlemen to the cost of the store / staff
Read 14 tweets
2 Oct
1/ So as someone who has three full Art Block Curated horizontal collections (sets), some instant reactions to this.

These are not conclusive and I reserve the right to change my mind as I process it more
2/ This set for sale was ~a floorish set with a reserve a bit above the floor.

So we should think through who is the buyer for that at Christies and why are they buying it?
3/ First of all, I think horizontal ABC collections are a niche within a niche (gen art) within a niche (NFTs).

Right now, the collectors who care about them most I think are @VonMises14 and me.
Read 11 tweets
1 Oct
1/ On NFTs 2030

However bullish you are on NFTs, you are wrong.

You are insufficiently bullish.

6529 has gone to the mountaintop and there is almost nothing in life that 6529 is as sure of as this
2/ First, the usual anti-FOMO advice.

The rest of this thread is giga-bull NFTs in general as a technology.

This does not mean that you should ape in the PFP collection "Silver Snails". Most individual NFTs are heading to zero.

Now back to the main event
3/ 6529 first came across BTC in 2011-2012 and ignored it.

It was not until August 2013 in my apartment in NYC when I actually engaged, read the white paper, downloaded a node, bought a BTC and sent $20 of BTC across the world instantly.
Read 44 tweets
30 Sep
1/ my first "warhol" was a $20 poster in my first apartment in NYC decades ago. that and a Lichtenstein poster. and my own photos on the walls.

2/ And one of my best dates in my early years in NYC was some type of gala at the MOMA.

I wore a tux, she a red dress, we got drunk and we stared at red tomato soup cans
3/ Once I had some money, I searched for a tomato soup can for years, but market is not liquid, not transparent.

One day I happened to see one. It was out of budget. I balked. Next day I went back. Balked again. Next day went back.
Read 4 tweets
29 Sep
1/ I have no idea why, but for the last couple of days I have had this on auto-repeat.

[Editor note: 6529 will shortly return to 83-tweet long tweetstorms about NFTs. We have no idea what this is about. We checked. He is definitely not crying]

2/ Ignore the editor. He is a nerd.

Also the first tweet was not totally accurate.

There was a new Tesla software update yesterday for "immersive sound" and this was the 1st song I heard on the radio and the speakers sounded great and now I can't stop playing it.
3/ Also we are awash in visual goodies in NFTs.

We need more phat beats in NFTs. Many more.

tenor.com/view/brendon-u…
Read 5 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!

:(