Pete on Miami Golf Course: Yes a lot of NFTs went to zero or near-zero in the last couple of years but there absolutely exists a class you can reasonably call “blue chip” because in the same way that the Perez or Rubell Museums down the road here are a reflection of local culture and a sponge for excess capital and signalling of “ingroupness” or even “eliteness,” the digital nomad and crypto cultures see NFTs as “on brand” and a “localised” embodiments of their values and ideals, so even though you can just “right click” them this is also true of the Pollocks and Warhols sitting in Freeports collecting dust but this pragmatic constraint does nothing to diminish their financial or social values, so it is that projects like CryptoPunks or Autoglyphs have definitely retraced from their 2021 highs but will almost certainly reach even higher heights in the next 6-12 months as the tik-toking yin-yanging pendulum between AI and crypto helically spiral upwards ad astra while bi-partisan efforts to debase currency and bring the debt-to-GDP back towards 50% range from the current 130% range just adds jet fuel to the fire…
60-year-old Woman at Family Wedding in Miami: You look familiar, were you golfing today?
Pete: Yes, were you watching us play?i
Woman: No but at the 19th hole I think you were sitting on the patio explaining crypto and NFTs to 3 other guys.ii This is my husband Harvey and our son Roman.
Pete: Haha yes that was me. Very nice to meet you.
Woman: We overheard part of your conversation and I was trying to tell my husband to STFU so we could listen to you talk but we still only caught part of the conversation. Roman here is very interested in crypto, do you mind explaining a bit of that again?
Pete: [explains NFTs again, making references to Koons manufacturing 6 balloon dogs because it creates more “club” (aka “community”) than just making one]
Woman: Yes I’ve heard Jeff talk about exactly that!
[Conversation dissolves as wedding cocktail hours do]
Pete’s cousin: Do you know Harvey Keitel?
Pete: Sure, I’ve heard of him sure.iii
Cousin: He’s married to my dad’s cousin’s husband’s little sister.
Pete: Oh interesting.
Cousin: And that same little sister used to date my dad like 40 years ago.
Pete: Neat, I didn’t know that.
Cousin: And that’s who you were just mansplaining crypto to a second ago. That was Harvey Keitel and his wife and their son. And she’s actually friends with Jeff Koons. She wasn’t talking about him in the abstract. They’re buddies. With Hirst too. With all of them.
Pete: No… I… I think I have to throw up now… I’m deceased! LMAO
- I’m actually quite good at golf, even with shitty rental clubs on a course I’ve never seen before (JW Marriott Turberry Miller Course). 2 birdies and probably 9 pars. Not bad! I also *bomb* the ball so I figured that they saw me playing from their hotel balcony or something. ↩
- One of the other guys was my younger brother, the other two were our playing partners from the round, one of whom is 48-years-old and recently bought 3 Marriott hotels (for tax reasons!) after selling his pharmaceutical business for a few hundred mill. ↩
- Mean Streets baby! ↩
Well that was a fun — and unexpected — surprise!
Quite so!
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