XatolostoTechnology@lemmy.worldEnglish·2 months ago“Should art be regulated by the SEC?” NFT artists file lawsuit(arstechnica.com)external-linkarrow-up1101arrow-down112message-square51fedilink
arrow-up189arrow-down1external-link“Should art be regulated by the SEC?” NFT artists file lawsuit(arstechnica.com)XatolostoTechnology@lemmy.worldEnglish·2 months agomessage-square51fedilink
minus-squareTodd BonzalezEnglisharrow-up29arrow-down3·2 months agoedit-22 months agolinkfedilinkIf pieces of art metadata are being traded like securities, then yes, the SEC should regulate their trade. It should have absolutely nothing to do with the “art” associated with that metadata, it should just be regulated for what it is.
minus-squaretechnocritEnglisharrow-up1arrow-down16·2 months agoedit-22 months agolinkfedilink it should just be regulated for what it is. Ok soooo how should metadata be “regulated”?
minus-squarerand_alpha19arrow-up13arrow-down1·2 months agolinkfedilinkAlright, reading is hard, but here we go. If: pieces of art metadata are being traded like securities Then: yes, the SEC should regulate their trade They should be regulated according to securities legislation. Wow! We did it! Does little baby get it now?
minus-squareTodd BonzalezEnglisharrow-up12arrow-down0·2 months agolinkfedilinkYou don’t regulate the metadata, you regulate its trade as a financial security. But you knew that, you’re just being obtuse.
If pieces of art metadata are being traded like securities, then yes, the SEC should regulate their trade.
It should have absolutely nothing to do with the “art” associated with that metadata, it should just be regulated for what it is.
Ok soooo how should metadata be “regulated”?
Alright, reading is hard, but here we go. If:
Then:
They should be regulated according to securities legislation. Wow! We did it! Does little baby get it now?
You don’t regulate the metadata, you regulate its trade as a financial security.
But you knew that, you’re just being obtuse.