What on earth is a NFT? I know I'm getting old and I know the pandemic is getting to me but I have a couple of degrees and other post-graduate qualifications HOWEVER having given up...

twosummers Loc: Melbourne Australia or Lincolnshire England

I know I'm getting old and I know the pandemic is getting to me but I have a couple of degrees and other post-graduate qualifications HOWEVER having given up trying to figure out Bitcoins and Blockchain I'm now reading about NFT's (or Non-Fungible Tokens to the initiated). I think it may be time for me to admit defeat!

rmalarz Loc: Tempe, Arizona

I'm sure there will be some who will make money with these. However, I'm at a point where this sort of bullshit doesn't matter to me. Actually, I probably passed that point some decades ago.
--Bob

twosummers wrote:

I know I'm getting old and I know the pandemic is getting to me but I have a couple of degrees and other post-graduate qualifications HOWEVER having given up trying to figure out Bitcoins and Blockchain I'm now reading about NFT's (or Non-Fungible Tokens to the initiated). I think it may be time for me to admit defeat!

scooter1 Loc: Yacolt, Wa.

twosummers wrote:

I know I'm getting old and I know the pandemic is getting to me but I have a couple of degrees and other post-graduate qualifications HOWEVER having given up trying to figure out Bitcoins and Blockchain I'm now reading about NFT's (or Non-Fungible Tokens to the initiated). I think it may be time for me to admit defeat!

I saw the same thing and had to look it up. It was in reference to what was called a piece of art with a crazy price paid. The definition said it was for something that could not be reproduced or copied. Strange stuff going on.

Country Boy Loc: Beckley, WV

Possibly this will help you better understand it. It is not hard to understand but beyond me for the need.
Read in CBS News: https://apple.news/AasjvHm7RSzmnq4TSaU-UMA

Longshadow Loc: Audubon, PA, United States

rmalarz wrote:

I'm sure there will be some who will make money with these. However, I'm at a point where this sort of bullshit doesn't matter to me. Actually, I probably passed that point some decades ago.
--Bob

I don't care what Bitcoins and Blockchains are, now add NFT to the list.

Manglesphoto Loc: 70 miles south of St.Louis

rmalarz wrote:

I'm sure there will be some who will make money with these. However, I'm at a point where this sort of bullshit doesn't matter to me. Actually, I probably passed that point some decades ago.
--Bob

sumo Loc: Houston suburb

Im almost identical to twosummers above, plenty of schooling, but i don’t understand this digital currency either. Not even gonna try

Papa Joe Loc: Midwest U.S.

Thank you! You have expressed my exact viewpoint on this subject. I agree with you totally.
God Bless,
Papa Joe

BassmanBruce Loc: Middle of the Mitten

sumo wrote:

Im almost identical to twosummers above, plenty of schooling, but i don’t understand this digital currency either. Not even gonna try

One way to think of crypto currency is to relate it to email.
With email you can send a message to anyone, anywhere at anytime. With bitcoin you can send and receive money to anyone etc. the same way with no bank, credit card fees or government interference.
The crypto part is a way to use other people and their computers to keep everyone honest.

This is vastly simplified of course but is kinda the backbone.
As you can imagine, banks cc companies and governments are less than thrilled to lose control of this.
It’s not without issues (dark web, Silk Road, other criminal stuff) but it’s here to stay methinks.
There are a Lot of people who have already made millions and billions buying and selling bitcoin.
Not me though, dang!

boberic Loc: Quiet Corner, Connecticut. Ex long Islander

rmalarz wrote:

I'm sure there will be some who will make money with these. However, I'm at a point where this sort of bullshit doesn't matter to me. Actually, I probably passed that point some decades ago.
--Bob

I'm still trying to figure out woke

Bob Mevis Loc: Plymouth, Indiana

Longshadow wrote:

I don't care what Bitcoins and Blockchains are, now add NFT to the list.

Me too.

bwana Loc: Bergen, Alberta, Canada

boberic wrote:

I'm still trying to figure out woke

'Word' man!

bwa

sippyjug104 Loc: Missouri

I view it as another scheme to create wealth from something non-tangible. Carbon Tax will be the next big thing where people can invest to buy and sell Carbon Credits that are available from industries that did not use their mandated allotment. An investment in something that does not actually exist...really?

I'm not saying that carbon based emissions do not exist. What I'm relating to is selling something intangible on a market of buy-hold-sell demand is the basis of a perceived value.

Here's my take. Anytime a price is put on something it is done for someone's advantage. Mandate reducing carbon emissions...okay. Creating a business as a pathway to wealth as a means...NO'k. The reason of, "Well, if you didn't use all of your allotment then you can sell it to someone else" allows someone else to use the carbon that otherwise would have been eliminated entirely. It's like, "If I drive under the speed limit by 10 mph then I can sell that 10 mph to someone else who can then exceed the speed limit by 10 mph because he now has what I did not use".

Jim Plogger Loc: East Tennessee

rmalarz wrote:

I'm sure there will be some who will make money with these. However, I'm at a point where this sort of bullshit doesn't matter to me. Actually, I probably passed that point some decades ago.
--Bob

JohnSwanda Loc: San Francisco

BassmanBruce wrote:

One way to think of crypto currency is to relate i... (show quote)

What scares me is the value of bitcoin varies, and I imagine the people making lots of money on it have some knowledge the rest of us don't.