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I get where you're going, but unfortunately this is not apt -- the fungibility of coins was specific design point for Bitcoin (and for money in general, which i
by andrewla 5y ago
I get where you're going, but unfortunately this is not apt -- the fungibility of coins was specific design point for Bitcoin (and for money in general, which is where the analogy surfaces). NFTs are by design and intention not fungible; they are not divisible nor combineable nor substitutable.
- dpark 5y ago> NFTs are by design and intention not fungible; they are not divisible nor combineable nor substitutable. Except that they are, right? You just described a scenario where a token can be revoked and replaced. This is by any sane definition a substitute. I suppose you could argue that they cannot be divided or combined, and in that sense you are correct that they are not really usable currency. But I honestly fail to see how NFTs are actually non-fungible. If an indefinite number of equivalent tokens can be minted, what does it matter if each one is technically unique?