Re:The old internet shows signs of quietly coming back
by graycat on Tuesday January 25, 2022 @08:55PM
(#30080686)
Thanks for the lessons!
I'm a total novice in the world of NFT (Google says that abbreviates "non-fungible token"). You are way ahead of me. I'm such a novice that I don't yet even know how to use the words!
I don't yet fully understand your lessons!
Maybe roughly I have the scenario of Joe, Sam, and the long term investors correct.
NFT doesn't mean "token". If you just mean "token", say "token"?
Unless you mean like, "tokens which represent a fractional share of a particular NFT" ? But why would you use this as the thing to denominate payment in?
If Joe has $5 worth of something, and Carl has another $5 worth of the same thing, and outcomes are equivalent if they swap what they have, then, the thing they have is fungible.