Re: OOC: Curious Beginnings
On the topic of collectibles and value, interested in your thoughts on Non-Fungible Tokens (NFTs).
I first heard of blockchain and the concept of NFTs back in 2007-ish, IIRC, prior to bitcoin. Once bitcoin hit, it was largely seen as complicit with the illegal online drugs trade, money laundering, et al. I stayed away, thinking the legitimate uses were limited. I still feel that way, but with prices hitting $64,000~ recently, clearly I was incorrect. (Bitcoin obviously is fungible, but same underlying tech: blockchains.)
Now, the new rage is ripe to "replace" the trading cart and sports memorabilia markets with NFTs: block-chained "sporting moments" of which a certain number "exist," and can be "owned, traded, and/or sold."
NBA is on the cutting edge in that regard. The market seems...frothy, to say the least, but maybe I'm just too old and unhip to "get" the appeal of non-material "highlights" that I can simply Utub for free.
I'll take my collectibles in playable card games (mtg) and late-19th century silver coinage, thank you very much.
Thoughts?
This message was last edited by the player at 14:03, Wed 21 Apr 2021.