But this is different. “Rare” items fetch fantastic prices all the time: comic books, sneakers, hats, artwork, cars. While there are several surviving copies of, the “non-fungible” part of “non-fungible tokens” refers to the idea that each NFT is entirely unique and original. There can be only one!
All this sounds weird or fuzzy to people used to paying money for something they can physical hold, drive, wear, or light on fire. It may also be why NFTs are very popular among blockchain enthusiasts seeking to find applications for the technology beyond cryptocurrency, as well as investors wondering what the next speculative asset to pay 100x returns will be.
For this reason, there’s healthy debate as to whether Bitcoin is actually money, or if Bitcoin is merely a speculative asset that—unlike a lump of coal that you can burn, or a block of gold you can fashion into a neat crown or use in sensitive electronics—has no intrinsic “value.”
Let’s gooooooo🧘🏼♀️
how bloody stupid
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