Thanks Sandra
That is a fascinating read and very much on topic.

B

On Sun, 28 Mar 2021 at 15:37, Sandra Braman <[email protected]> wrote:

> This piece from 1996 on art and various forms of capital in the digital
> world has some things to say that are pertinent to this interesting
> conversation. You'll see some theorists not as present in ongoing
> conversation these days as they were then, but I stand on the piece.
>
> "Art in the Information Economy"
> http://people.tamu.edu/~braman/bramanpdfs/011_art.pdf
>
> Sandra Braman
>
> On Sun, Mar 28, 2021 at 5:00 AM <[email protected]> wrote:
>
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>> Today's Topics:
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>>    1. Re: what does monetary value indicate? (Molly Hankwitz)
>>    2. Re: what does monetary value indicate? (Brian Holmes)
>>
>>
>> ----------------------------------------------------------------------
>>
>> Message: 1
>> Date: Sat, 27 Mar 2021 18:50:30 -0700
>> From: Molly Hankwitz <[email protected]>
>> To: Michael Goldhaber <[email protected]>
>> Cc: [email protected]
>> Subject: Re: <nettime> what does monetary value indicate?
>> Message-ID:
>>         <CAH5TXpxUg4Lor3z=BLftTdqghDAk=
>> [email protected]>
>> Content-Type: text/plain; charset="utf-8"
>>
>> Hi Michael,
>>
>> Or, maybe, originality has been all along, a fictional history, and a
>> signifier for fictional social relations in much art history, if only to
>> justify value through ?scarcity? (genius and originality are rare) or
>> create its justification (there is only one original) and to obscure modes
>> of artistic production not about ?sole? authorship and individual
>> creativity? Somewhere along the line, ?originality? was seen to be a
>> valuable asset in art making, taught, told, produced, encouraged, and then
>> it died many deaths as a concept; as something to strive for or achieve or
>> practice or expect? ?Death of the author?, digital reproducibility,
>> post-medium conditions, AI Art, all seemingly question or consider at
>> least
>> art without ?originality?.
>> We have replaced this expectation instead with collectivity,
>> collaboration,
>> stakeholders, or, much more importantly, maybe, the artist as an
>> ?original?
>> interpreter of systems. So, I?m thinking that the new artist might be more
>> akin to an economist who comprehends the communication of value or an
>> artist who digs deeply into AI enough to transform it...originally. This
>> appears to me by way of Paglen, Steryel, and others to be a trend. Artist
>> as ?administrative author? or initiator of a system, through which
>> communities can act, somewhat recursively to establish value, and/or
>> prosper via, for instance, a shared currency?
>>
>> (Fresh from MoneyLab events)
>>
>> Molly
>>
>>
>>
>>
>> On Sat, Mar 27, 2021 at 4:02 PM Michael Goldhaber <[email protected]>
>> wrote:
>>
>> > On Mar 27, 2021, at 1:27 PM, Molly Hankwitz <[email protected]>
>> > wrote:
>> >
>> >
>> > ..how original is original when originality died long ago ?
>> >
>> >
>> > Yes, originality died with the second cave painting, but has been reborn
>> > many times since, even if only evident to new generations. Depending  on
>> > the fineness of your mesh, it is always relatively rare, and thus, with
>> so
>> > many trying for it today, perhaps easily not seen. But I bet still
>> around.
>> >
>> >
>> > Best,
>> >
>> > Michael
>> >
>> >
>> >
>> > --
>>
>>
>> molly hankwitz - she/her
>> http://bivoulab.org
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>> ------------------------------
>>
>> Message: 2
>> Date: Sat, 27 Mar 2021 23:28:14 -0500
>> From: Brian Holmes <[email protected]>
>> To: Molly Hankwitz <[email protected]>
>> Cc: a moderated mailing list for net criticism
>>         <[email protected]>
>> Subject: Re: <nettime> what does monetary value indicate?
>> Message-ID:
>>         <
>> canuitgwqjvwcrzinuz6z51jyrwwzng0jw-gxohdbtstzmev...@mail.gmail.com>
>> Content-Type: text/plain; charset="utf-8"
>>
>> On Sat, Mar 27, 2021 at 8:51 PM Molly Hankwitz <[email protected]>
>> asked:
>>
>> Artist as ?administrative author? or initiator of a system, through which
>> > communities can act, somewhat recursively to establish value, and/or
>> > prosper via, for instance, a shared currency?
>> >
>>
>> I am fascinated by the concept of the artist as "initiator of a system,"
>> it's the most profound and still-relevant notion of art to come out of the
>> late 20th century. To initiate a system is to open up the field in which
>> something like orientation or valuation can take place. Exactly what the
>> orientations and values must be is not initially prescribed, but still,
>> the
>> coordinates and the terms of measure are made available and shared, as we
>> all know from software and activist movements and even love (let's think
>> co-initiators).
>>
>> But the demon of contradiction wants me to take something so admirable
>> into
>> a more troubling direction, which could have some bearing on Felix's
>> question of NFT motivations.
>>
>> There were these two dudes, I happen to know their story, Leo Melamed, the
>> star trader of the Chicago Mercantile Exchange, and Milton Friedman -
>> well,
>> you get the picture. Leo went to listen in on the classes given by ol'
>> Milt
>> at the University of Chicago, notably because of the idea that in a world
>> of floating currency values, futures markets would easily emerge. Money
>> could be made from the possible future values of money - it fired
>> Melamed's
>> imagination. When Nixon suspended the Bretton Woods treaties and opened up
>> the floating world, Leo commissioned Milt to write an authoritative paper,
>> and the two co-initiators went to Washington to institute a new world
>> order. Legal to boot. Friedman rang the bell at the opening of the
>> International Monetary Market on May 16, 1972. It opened up the entire
>> computational space of financial derivatives. You can read Melamed's prose
>> if you're curious, but you gotta see the look on Friedman's face:
>> https://bit.ly/3rvC1t8
>>
>> NFTs are gesturing toward a new market, a hitherto unknown territory of
>> abstraction. For a financier this would be the equivalent of the voyages
>> of
>> discovery - Christopher Columbus. The everyday lives will get colonized
>> later on. Right now these people have the sense of establishing, not just
>> an asset class, but something new under the sun. They feel like world
>> movers.
>>
>> The weird thing is that I think many of us can imagine it, at least a
>> little bit. Do you remember what it was like, co-initiating
>> social-computational systems? Maybe you still do it?
>>
>> Around that time back in the early 70s, the conceptual artist Marcel
>> Broodthaers was ironically exploring what he called "the conquest of
>> space." It was about Columbus and the art market and the Apollo Program.
>> Certainly with the symbolic space they opened up - now the Globex trading
>> platform -  Friedman and Melamed oriented the whole neoliberal period.
>> They
>> discovered a new America. They created and administrated what you might
>> call an effective abstraction, which has not yet ceased to govern the vast
>> lifeworlds of just-in-time production and distribution. This is the
>> terrifying other side of initiating systems.
>>
>> NFTs are not going to rule the world. This is an attempted conquest of
>> art-market space. But the desire it attempts to symbolize is significant.
>> What kind of currency would a computational oligarchy need for the era of
>> accelerated technological change and asymptotically granular population
>> control that is emerging as a possibility right now, through the
>> ubiquitous
>> applications of AI? In the best of cases this would have to be a truly
>> common currency, enabling resilience, adaptation, transformation for the
>> future 9 billions of human earthlings - and infinite other species. In the
>> worst of cases, it would be the currency of a veritable state-financial
>> nexus, the kind David Harvey talks about, where privatized monetary
>> creation is the enabler of hyper flexible bureaucratic control.
>>
>> Frankly, just reading the newspapers, I see a huge struggle going on over
>> the initiation of systems. Either you get eco-socialism, or you get the
>> nexus.
>>
>> Meanwhile I see lots of artists trying to invent new blockchain
>> currencies.
>> But who is the Marcel Broodthaers of the onrushing AI era? And how would
>> *they* express themselves?
>>
>> curiously, Brian
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