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this post was submitted on 22 Jul 2023
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted, clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts: 1
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So every credit card is the same as every other credit card? Cool, can I use yours?
Every drivers license is the same as every other license? I dunno about that, mine has my info on it. I don't think yours does. These tokens don't appear to be fungible.
Every token in monopoly is played by any player? No there's one token per player and they're not interchangeable.
They are Tokens. That are not fungible. These are NFTs. You don't have to like it, but try to understand it.
A Token that is unique and different from other tokens is "non-fungible",
My drivers license is non-fungible. So is my car title.
Dollars are fungible. A $10 bill is a $10 bill.
Cars are not fungible. My car is not the same as your car.
Non-Fungible Tokens can be physical things. There were nfts long before the the internet and you use tons of them, online and off. You just don't know.
We can agree on what the words mean individually, but an NFT is not just some physical item which is unique. NFTs are unique and are only possible to transfer if you have the private key. So saying that your credit card number is an NFT because it's a token which is non-fungible is missing the point, and being intentionally obtuse.
I'm kinda done with this, we are not going to get any further in this discussion.