6 comments on “Learning about non-fungible tokens (NFTs) & art”
Wow, just wow, is right. I cannot say I more clearly understand NFT’s and/or cryptocurrency – hard to get my mind around something I cannot seetastetouchsmellhear – but my mind has most certainly been blown.
1) I love Gawker and am so relieved she’s been revived
2) I learned not only does Martha Stewart not own a cup, but she also is into NFTs evidently…this is becoming popular quickly…
PS- I went to Martha’s arraignment in NYC years and years ago–
I’ve been casually following this development which is, indeed, mind-bending. I read or listened to something a while back in which someone pointed out that this is all about making a market in which Bitcoin can be used as currency. So, I’m thinking of it as a new form of internet; we thought it would do such great things but then… What does the purchaser of an NFT actually have that anyone else doesn’t? Something that can be sold. Speculation. I hate the amount of energy burned up by blockchain technology.
I am captivated re your thinking on this, Teri. Especially “…something that can be sold.” It really does seem to be the crux of it, something that can be commodified. That seems to be going the wrong direction to me. As to the amount of energy burned, well that is simply unconscionable.
Wow, just wow, is right. I cannot say I more clearly understand NFT’s and/or cryptocurrency – hard to get my mind around something I cannot seetastetouchsmellhear – but my mind has most certainly been blown.
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Now I know what “fungible” means. The questions posed at the end of the article were very thought provoking.
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https://www.gawker.com/celebrity/martha-stewart-does-not-own-a-mug
1) I love Gawker and am so relieved she’s been revived
2) I learned not only does Martha Stewart not own a cup, but she also is into NFTs evidently…this is becoming popular quickly…
PS- I went to Martha’s arraignment in NYC years and years ago–
LikeLiked by 2 people
Oh! I love that you went to Martha’s arraignment!
LikeLiked by 1 person
I’ve been casually following this development which is, indeed, mind-bending. I read or listened to something a while back in which someone pointed out that this is all about making a market in which Bitcoin can be used as currency. So, I’m thinking of it as a new form of internet; we thought it would do such great things but then… What does the purchaser of an NFT actually have that anyone else doesn’t? Something that can be sold. Speculation. I hate the amount of energy burned up by blockchain technology.
LikeLiked by 1 person
I am captivated re your thinking on this, Teri. Especially “…something that can be sold.” It really does seem to be the crux of it, something that can be commodified. That seems to be going the wrong direction to me. As to the amount of energy burned, well that is simply unconscionable.
LikeLiked by 1 person