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17: Madex ON: How Fiat Money Ruined Art
In this episode of The Block Reward, Scott Dedels, hosts a conversation with Madex about the detrimental effects of fiat money on the art world and the potential for Bitcoin to enact positive change. They discuss the devaluation of art due to the focus on quick sales and volume over quality, and the manipulation of art prices. Madex criticizes the rise of NFTs as a scam, exploiting people's financial insecurities. They explore the ethical issues surrounding financial scams in the art market and the psychological impact on individuals seeking quick financial wins. The episode also touches on the importance of quality and effort in art production, the need for skilled labor, and the use of Bitcoin to incentivize creativity and craftsmanship.
Madex is an artist, mastermind, and revolutionary, as well as the creative director of Bull Bitcoin, the greatest self-custody, Bitcoin-only company on Earth.
What We Discuss:
(00:03:34) Explanation of how Bull Bitcoin enables Canadians to live without a bank account and transact entirely in Bitcoin.
(00:15:30) Bitcoin promotes personal responsibility and accountability which leads to individual sovereignty.
(00:18:24) How fiat money devalues art and promotes rushing the creative process which in turn produces low-quality art.
(00:22:07) Art's role in reflecting the spirit of society, with a critique of modern art's reflection of culture.
(00:23:06) The shift of art as a store of value due to broken money and the resulting impact on demand and creativity.
(00:30:16) Discussion on NFTs as scams and the predatory nature of the art world targeting wealth and insecurities.
(00:36:49) The influence of financial desperation on investment decisions in art, NFTs, and ICOs, and the exploitation of false hopes.
(00:42:03) Discussion on Bitcoin's potential to inspire talented creators to enter the market and produce high-quality work.
(00:51:45) The motivation to be part of a change that brings authentic, durable products back into the world and the challenges in finding skilled laborers.
(01:00:30) Madex shares insights on planning for the future with Bitcoin and the importance of having a personal plan while being open to Bitcoin's surprises.
Episode Resources:
Madex | Website
Madex | Instagram
Madex | X (Formerly Twitter)
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By Scott Dedels
5
66 ratings
In this episode of The Block Reward, Scott Dedels, hosts a conversation with Madex about the detrimental effects of fiat money on the art world and the potential for Bitcoin to enact positive change. They discuss the devaluation of art due to the focus on quick sales and volume over quality, and the manipulation of art prices. Madex criticizes the rise of NFTs as a scam, exploiting people's financial insecurities. They explore the ethical issues surrounding financial scams in the art market and the psychological impact on individuals seeking quick financial wins. The episode also touches on the importance of quality and effort in art production, the need for skilled labor, and the use of Bitcoin to incentivize creativity and craftsmanship.
Madex is an artist, mastermind, and revolutionary, as well as the creative director of Bull Bitcoin, the greatest self-custody, Bitcoin-only company on Earth.
What We Discuss:
(00:03:34) Explanation of how Bull Bitcoin enables Canadians to live without a bank account and transact entirely in Bitcoin.
(00:15:30) Bitcoin promotes personal responsibility and accountability which leads to individual sovereignty.
(00:18:24) How fiat money devalues art and promotes rushing the creative process which in turn produces low-quality art.
(00:22:07) Art's role in reflecting the spirit of society, with a critique of modern art's reflection of culture.
(00:23:06) The shift of art as a store of value due to broken money and the resulting impact on demand and creativity.
(00:30:16) Discussion on NFTs as scams and the predatory nature of the art world targeting wealth and insecurities.
(00:36:49) The influence of financial desperation on investment decisions in art, NFTs, and ICOs, and the exploitation of false hopes.
(00:42:03) Discussion on Bitcoin's potential to inspire talented creators to enter the market and produce high-quality work.
(00:51:45) The motivation to be part of a change that brings authentic, durable products back into the world and the challenges in finding skilled laborers.
(01:00:30) Madex shares insights on planning for the future with Bitcoin and the importance of having a personal plan while being open to Bitcoin's surprises.
Episode Resources:
Madex | Website
Madex | Instagram
Madex | X (Formerly Twitter)
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