NFTs…None Fungible TokensCollectors do not think like regular people. But, high end collectibles and fine art are becoming the new investments. Instead of stocks investors can buy a percentage of an expensive piece of art. e.g. a painting that sells for $10million might have ten owners who own a 10% piece of it each. There is a term for this. I think it is called 'non frangible tokens'. I don't understand it but I didn't understand it when clam shells were used as currency either.
Don't you wish you'd bought a bunch of inexpensive guns of any type specifically for eventual resale?
wm
That’s pretty much what my Dad has done. I think he has around 30+ 70’s era blackpowder rifles of various makes such as CVAs, TCs, and different Italian imports. All are in very good condition, most were purchased below $150.00. It’s like he had an obsession….Don't you wish you'd bought a bunch of inexpensive guns of any type specifically for eventual resale?
wm
Thanks. Interesting. But, I am still in the clam shell mode.NFTs…None Fungible Tokens
“Non-fungible” means that it is completely unique. “Token” means that it can be transferred on a blockchain. Essentially, NFTs are assets that carry a unique digital identity and can be traded between users on a public blockchain.
Common examples of NFTs include artwork, trading cards, comic books, sports collectibles, games and more. Although NFTs tend to be associated with artwork, they actually represent much more.
98% of the world is in the same mode.Thanks. Interesting. But, I am still in the clam shell mode.
Frank
Stay there on this one. The whole idea of NFT has so far not been made even coherent, either mathematically or legally. The more you actually know about computers, data, and data representation, the less sense it makes. I'd say "But people are buying them," except it's not clear what "them" even means. It's accurate only to say "People are sending money to other people who then say that the people paying them have special rights to .... (well, it's not clear what would go in here -- but something like "a unique bit pattern")" But trying to say what makes one instance of a bit pattern unique among all the instances (copies) of that bit pattern turns out to be either trivial (and not what NFTs need) or incoherent blather.Thanks. Interesting. But, I am still in the clam shell mode.
Frank
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