The media is the message: you can't escape. In 2017, about the blockchain's capacity of transforming anything into a financial transaction, and its possible effects: https://startupsventurecapital.com/the-financialization-of-life-a90fe2cb839f
The financialization of life also means that anything can be turned into a speculative bubble Cheers salvatore On Fri, Mar 12, 2021 at 6:01 PM Molly Hankwitz <[email protected]> wrote: > Money is interesting! What about “old money” and “new money”? You may have > had to grow up along the Eastern seaboard or in post-aristocratic EU to > know the diff, but old money is inherited wealth in the form of assets and > new money (nouveau riche) is that category of newly monied who somehow got > money suddenly, on their own without being part of old money...this is more > social class than economy, but...whatever...there is money in assets, tied > up in assets for generations, right? > > molly > > On Fri, Mar 12, 2021 at 8:18 AM patrice riemens <[email protected]> wrote: > >> Aloha, >> >> Let me say that First Dog on the Moon has, not for te first time, the >> definitive, if not answer, then at last commentary on the issue: >> >> >> https://www.theguardian.com/commentisfree/2021/mar/12/cryptoart-what-is-it-and-can-you-eat-it >> >> Enjoy! >> have a nice day and don't become fungible! >> p+7D! >> >> ps: ALL FDotMoon cartoons (& merchandise too! ;-) on the website: >> >> https://firstdogonthemoon.com.au/ >> >> (It's Australian, oeuf corse ...) >> >> Op 11-03-2021 18:19 schreef Brian Holmes <[email protected]>: >> >> >> >> 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 <[email protected]> >> 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: [email protected] >> # @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: [email protected] >> # @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: [email protected] >> # @nettime_bot tweets mail w/ sender unless #ANON is in Subject: > > -- > > > molly hankwitz - she/her > http://bivoulab.org > # 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: [email protected] > # @nettime_bot tweets mail w/ sender unless #ANON is in Subject: -- *Art is Open Source *- https://www.artisopensource.net *Nuovo Abitare - *https://abitare.xyz/ *Human Ecosystems Relazioni* - https://www.he-r.it/ *Ubiquitous Commons *- http://www.ubiquitouscommons.org
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