4 ms·
Also the point of coinage is that it is fungible, NFTs are designed to be non-fungible (and even Bitcoin if you get down to the details). Sadly crypto-currenci
by nivenkos 5y ago
Also the point of coinage is that it is fungible, NFTs are designed to be non-fungible (and even Bitcoin if you get down to the details).
Sadly crypto-currencies still haven't really solved the currency use-case.
- pastrami_panda 5y ago> Sadly crypto-currencies still haven't really solved the currency use-case. I'm not a fan of this space, but I surveyed many crypto tokens last year and it did sound like some well designed tokens could solve the use-case as an actual currency. Algorand springs to mind, they claimed high transactions speeds and also carbon negative footprint (which sounds too good to be true, but I don't know the specifics).
- dillondoyle 5y agoexcept most NFTs are just URLs right? And it would cost a significant amount of money to actually write say a video into the chain?
- etataetaet 5y agoYeah exactly! They are even less practical than my example. Its very confusing how they are worth so much to me