I think the crypto world would be a much better place if we just fully admitted to ourselves that what these essentially are are tokens, not even ownership tokens. I bought a token, and now i get something called bit coin that i believe i can exchange for something else. Who knows what the exchange rate will actually be, but i believe it's worth something. That, to me, would be a lot more intellectually honest then saying, you bought an nft, you now own this japeg which isn't necessarily true.
Tracy Alloway is the co-host of the Odd Lots podcast and a managing editor at Bloomberg Markets. You can follow Tracy on Twitter at https://twitter.com/tracyalloway and listen to her podcast here: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH Show Notes:
- Financial crisis hindsight
- Being obsessed with risk and systemic stability
- Historical parallels to the crisis of ‘08
- Macro vs. micro bullshitting
- Why people refuse to say “I don't know”
- Victorian chicken bubble
- Tales of forensic accounting
- NFTs being used to launder money?
- NFTs’ path to success
- Insights from collapse of previous civilizations
- Understanding the Human OS
- Fair Wages for Robots
- Praise for Citi’s Matt King and Credit Suisse’s Zoltan Pozsar