Tracy Alloway — Understanding Financial Crises (EP.104)
Infinite Loops
00:00
The NFTS Block Chain, Et Cetera?
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.
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