__MoBlack’s avatar__MoBlack’s Twitter Archive—№ 15,739

    1. …in reply to @ThatBlueHatGuy1
      @ThatBlueHatGuy1 Non Fungible Token. Uses the same technology as Bitcoin, but they're non fungible, meaning every token is unique and cannot be traded like money. They're used as a way to create digital items that are 100% unique (1/2)
  1. …in reply to @__MoBlack
    @ThatBlueHatGuy1 But what does it mean to even "own" a "unique" jpeg? Just because you have a piece of paper that says the thing is yours, if everyone else can get a copy easily it's worthless. So NFTs have all the problems of Bitcoin but no value or upsides