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NFT Crypto Art: Why Vitalik Buterin is misguided about NFTs

NFT Crypto Art vs. Vitalik Buterin

Vitalik—while brilliant and a gift to humanity—omniscient about NFT crypto art, he is not.

The father to Ethereum has recently done a disservice to his creation. In comments about NFT Token technology, Buterin expressed his disdain for NFT crypto art—its collectors and creators. While I respect his opinion and sympathize with the burden he bears as the mouthpiece for Ethereum, he is misguided, and his choice of words are counter productive at best—destructive at worst.

Vitalik Buterin on Bored Ape Yacht Club :

“One silver lining of the situation in the last three weeks is that it has reminded a lot of people in the crypto space that ultimately the goal of crypto is not to play games with million-dollar pictures of monkeys, it’s to do things that accomplish meaningful effects in the real world.”

Rather than scoff at NFT crypto art creators and their success, Vitalik should champion the exposure that they have given his creation and the Non Fungible Token Technology built upon it. These “million-dollar pictures of monkeys” have accomplished more in terms of evangelism and enthusiasm for blockchain potential, in mere months, than he has in a decade.

NFT Crypto Art is not the Enemy

NFT Crypto Art creators and Vitalik’s grand vision for “accomplishing meaningful effects in the real world” are not mutually exclusive pursuits.

Someone as intelligent and aware of mechanism design should not only understand this, but be inspired by how his grand experiment is playing out.

For it is the NFT crypto art creators and collectors who are accelerating Ethereum’s journey through the technology adoption curve (thank you Geoffrey Moore—The Law of Diffusion of Innovation).

The universe is a tapestry of perverse and competing incentives. Alignment of these incentives is the only hope we have to create meaningful and long-lasting outcomes. Alignment is never created through shame and self aggrandizement—it is always created by design—hopefully with compassion and inspiration for what should be.

I choose, rather than ridicule, to applaud NFT crypto art creators and collectors, including Bored Ape Yacht Club.

Rather than hinder NFT token adoption, I choose to promote the possibility in it all—albeit messy.

What would the Dread Pirate Roberts do?

I am not endorsing illegal behavior, but a case should be made…

What would Bitcoin be were it not for the Dread Pirate Roberts?  These “million-dollar pictures of monkeys” are perfectly legal, perfectly artistic and an entirely more ecological adaptation of the technology than blackmarket drug sales. 

Mr. Buterin, I implore you—don’t heap your burning coals of self-righteous judgment on NFTs—or the creators and collectors who’ve pushed forward your dream of what could be. These are our dreams, these are our visions—stand down.


PS. Vitalik, If you’re curious about who I am, what incentivizes me as a NFT Crypto Art creator and my vision for Radiusphere—please read the Radiusphere Manifesto and Radiusphere NFT Countdown Memoranda.

PPS. Always, pay close attention

Friday June 3rd 2022 @ 21:09 GMT

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