{"id":11904,"date":"2022-01-14T17:29:00","date_gmt":"2022-01-15T00:29:00","guid":{"rendered":"https:\/\/BigJimIndustries.com\/wordpress\/?p=11904"},"modified":"2022-02-04T17:32:31","modified_gmt":"2022-02-05T00:32:31","slug":"nfts-bad","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2022\/01\/14\/nfts-bad\/","title":{"rendered":"NFTs Bad"},"content":{"rendered":"\n<p><a href=\"https:\/\/nautil.us\/the-worrisome-rise-of-nfts-13420\/\"><em>from Nautilus<\/em><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-worrisome-rise-of-nfts\">The Worrisome Rise of NFTs<\/h2>\n\n\n\n<p>An astrobiologist says non-fungible tokens do not bode well for our species\u2019s future.<\/p>\n\n\n\n<p>BY CALEB SCHARF<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/assets.nautil.us\/19058_4d9b45c6f8d4b9d814b0ca849a6c6dda.png?auto=compress\" alt=\"featured_image\"\/><\/figure>\n\n\n\n<p>Humans are very good at inventing commodities, and we\u2019ve been at it for a long time. See that pebble over there? Well, that\u2019s a better pebble than all these others, and if you give me something in exchange for it, I\u2019ll let you take ownership. It\u2019ll be\u00a0<em>your<\/em>\u00a0pebble, forever. And soon there will be a market in pebbles, a pebble community, pebble exhibitions and auctions filled with pebble speculators, pebble exchanges, and pebble artists.<\/p>\n\n\n\n<p>The deeper, evolutionary reasons why we do this\u2014or why any species commodifies objects or experiences\u2014are not immediately obvious. It could be a trait that supports social interaction and cohesion, helping distribute food and resources more efficiently throughout a population. Or perhaps it supports the signaling of individual fitness or intention that can guide our reproductive strategies. A behavior statistically favored in an intricate web of Darwinian selection, eking out a tiny advantage for the genetic lineage of anyone who plays along.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>If bits of data were more like Michelangelo\u2019s marble, the whole notion of NFTs would be irrelevant.<\/p><\/blockquote>\n\n\n\n<p>What further complicates this (as with any such trait) is the\u00a0<em>cost<\/em>\u00a0incurred for individuals or a species; the expenditure of resources and energy. The most explicit, and worrisome, example today is the emergence of commodities like cryptocurrencies or Non-Fungible Tokens (<a rel=\"noreferrer noopener\" href=\"https:\/\/www.theverge.com\/22310188\/nft-explainer-what-is-blockchain-crypto-art-faq\" target=\"_blank\">NFTs<\/a>). In simple terms, just as a cryptocurrency is meant to be infallibly secure and fair, an NFT is a way to assign secure provenance and ownership to a digital asset. That digital asset might be an image, a video, or some hybrid digital experience.<\/p>\n\n\n\n<p>[ <a href=\"https:\/\/nautil.us\/the-worrisome-rise-of-nfts-13420\/\" target=\"_blank\" rel=\"noreferrer noopener\">click to continue reading at Nautilus<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>from Nautilus The Worrisome Rise of NFTs An astrobiologist says non-fungible tokens do not bode well for our species\u2019s future. BY CALEB SCHARF Humans are very good at inventing commodities, and we\u2019ve been at it for a long time. See that pebble over there? Well, that\u2019s a better pebble than all these others, and if [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-11904","post","type-post","status-publish","format-standard","hentry","category-culture-art"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/11904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=11904"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/11904\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=11904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=11904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=11904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}