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6529

@punk6529

12 Jan

1/ On Why NFTs Are The Worst Way To Sell Digital Art*

*Except for all the others that have been tried

Winston Churchill famously said: “democracy is the worst form of government – except for all the others that have been tried.”

2/ I always read critiques of cryptocurrencies, blockchains and NFTs, well-meaning or otherwise, with interest.

Often, there is something you can learn, something can be improved, nothing is perfect, nobody is perfect.

I believe in human progress and that things can improve.

3/ After I finish the "what I have learned" part, I then invert the essay/thesis that I just read and ask myself:

"OK, what is the alternative, what is the other way that it can be done? If the author was in charge of the world, how would they do it?"

Read 30 tweets

6529

@punk6529

11 Jan

1/ On Preserving A Digital Image for 100 Years

Have you ever thought about this in the non-NFT world?

It is basically an unsolved problem, as far as I can tell.

Let's work through an example:

2/ Let's lay out a scenario to make it real:

a) You are, say, 30 years old and will pass away at 80, halfway through this exercise
b) You have a 1 year old.
c) Your 1 year old will have a kid at 30 and pass away at 80.
d) Your grandkid will be 70 years old in 100 years

3/ What are we trying to preserve?

Let's keep it simple - the few tens of thousands or hundreds of thousands of digital photographs you have taken over the years.

Some family, some artistic

You are not world historical; you are one of us

Read 28 tweets

6529

@punk6529

6 Jan

Another day
Another opportunity to

SEIZE THE MEMES OF PRODUCTION!

Humans and ideas are in a constant environment of memetic competition.

And the winning memes determine what type of society you are in. Think about the vast range of societal approaches today and in the past.

It is just one meme winning more or less than another

"freedom"
"family values"
"sexual revolution"
"human rights"
"states rights"
"God"
"fairness"
"piety"
"social equity"
"social cohesion"

are all memes, encoded short-hand concepts.

they rule everything around us

Read 5 tweets

6529

@punk6529

1 Jan

1/ On how to make it in crypto as a normal person.

There is one rule only: SURVIVE!

2/ Survival means four decisions:

a) Should you invest?
b) How much you invest?
c) In what should you invest?
d) Are you levered?

All of these are hugely personal, relate to your view of the world, your financial situation and, most of all, your psychology

3/ The purpose of this thread is not convince people who are not invested in crypto to invest in crypto.

Nor is it to convince you to invest more in crypto.

On average, anon, I am trying to get you to invest *less* in crypto so you can survive over the long-run

Read 56 tweets

6529

@punk6529

17 Dec 21

1/ On NFT Rights Delegation

This is a shorter thread, but I want to flag the topic so we start finding solutions because the longer we wait, the worse the problem will get.

We need to be able to segregate and delegate rights associated with NFTs.

Let me explain

https://twitter.com/punk6529/status/1461742366696652809

2/ We previously discussed best practices in security.

At the high-end, where the 6529 Museum now operates, this means a gnosis multi-sig wallet kept cold (with even the keys broken up, distributed globally, not easily accessible)

https://twitter.com/punk6529/status/1461742366696652809

3/ This is a wonderful setup for security, but a nightmare for composability because it is a huge pain in the rear to get the wallet active and even if you have it active, engaging with new/unknown contracts puts the whole wallet at risk

Read 13 tweets

6529

@punk6529

9 Dec 21

https://twitter.com/punk4156/status/1469046349492633606

1/ On 4156

Today, and in the coming days and months, we will get to see the outcome to a question that I have pondered since I first followed 4156 (a long time ago)

I have very warm feelings for this ape. But are these feelings for the ape or for the voice behind it?

https://twitter.com/punk4156/status/1469046349492633606

2/ I see this ape and I think "provenance, not copyright";

Oddly, I see this ape and still think "punk maxi"

Now that the voice and the image have split, that the identity has split, what will I feel?

3/ I think, in my mind, the twitter account and the voice is still 4156.

I think if I am referring to this voice in a few weeks, I will still say "4156", not "the artist formerly known as 4156".

This part is quite clear to me (at least today)

Read 13 tweets

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