NB: The bit about NFT and smart contracts is at the end. As I discussed yesterday, being able to resell digital art via an NFT means that the price of art falls to zero. Let's assume that I'm correct and, through a combination of technology and changing social attitudes, no one wants to pay for music, books, films, or art any more. What are the ways that art and artists could get funded? Here are a few sketched out ideas - they all overlap a little. And then a brief discussion about how…
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At the moment, it is not possible to sell a 2nd hand eBook or MP3. This seems fairly reasonable because a re-seller might keep copies of their original files after selling them. This would allow the re-seller to undercut the original publisher and sell the file multiple times. We tend to label this "Piracy". Someone buys a DVD, rips it, then either sells or gives away copies. The Blockchain book that I'm reading suggests NFTs as a way to combat this (stop giggling at the back). Let's say…
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This is a small proof-of-concept. It relies on PGP - but you could use Keybase, GPG, or any other hard-to-use encryption program. Background Suppose you want to support an artist and give them money. That's easy. Most artists take PayPal, bank transfer, or cash. But how can you prove that you've paid an artist for a specific piece of work? That is, in essence, all an NFT is - the seller signing a statement that the buyer has sent them money related to a thing. Whether that claim can be…
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David Bowie invented the NFT in 1997. The "Bowie Bond" allowed you to directly invest in an artist's catalogue and receive royalty payments based on their sales. Here's how it worked: You pay money to the artist (Bowie) Artist uses that money to buy the rights to their back catalogue Every time one of the songs from that catalogue is sold, or played on the radio, the artist gets paid Investors receive a share of that payment It's a primitive "smart" contract. Money flows back to the…
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Way back in the early days of the Social Web, the writer Cory Doctorow invented Whuffie. Think of it as a way to formalise "upvotes" and "likes" on social media. Whuffie, a form of digital social reputation, replaces money and is a constantly updated rating that measures how much esteem and respect other people have for a person. This rating system determines who gets the few scarce items, like the best housing, a table in a crowded restaurant, or a good place in a queue for a theme park…
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(A hastily written and grumpy post.) Another day, another Blockchain Bullshit project. Someone "claimed" one of my Tweets and added it to the Blockchain. I'm not particularly happy about that. Nor am I happy with the hoops I had to jump through to contact the company and remove my work. You can read the whole sorry thread on Twitter. But, mostly, I'm unhappy with this whole scammy "industry". Now my Tweet is an "NFT" - Non-Fungible Token - tradeable with other people for cold-hard-cash. …
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