Blockchains and Non-Fungible Tokens
Most market participants get lost in brands, personalities, hype, and “what is in it for me.” However, blockchain (fungible trade) and NFTs (rarity trading) long-term value is “what is in it for them.” When designing systems, blockchain (fungible trading) is based on using greater fool theory. GFT is the art of creating a zero coin that you believe someone else will value at a dollar since they believe someone else will value it at 3 dollars. It sounds like a scam, but it is the art that no two people see and feel the exact same thing with value propositions. The zero coin is just a value proposition empowering minds that “no way that should be zero.” This begins the price discovery method as market participants trade mindshare on why the coin is not zero. The coin architect’s focus is simple: creating an above-zero value proposition. Propositions that are not worthless by definition are worth something. On one hand, the architecture completely divorces coin worth in your mind while completely marrying “coin must be worth something” in a mind. Once you develop a coin priced at zero that has value, you simply release it in the marketplace and promote it. The beauty of momentum is the difference of opinions: “free value to me” is a commodity to you. Blockchain technology invented the commodity of the mind’s eye as ruler of measurement architecture. Success leaves clues, and one of Satoshi Nakamoto’s biggest clues is he wrote the word “cash” in the original white paper. If market participants value cash, then they value Bitcoin. Through others valuing cash, his Bitcoin protocol was destined to be worth more than zero. IP Nerd utility tokens just substitute the word “identity” for cash. As long as humans value their own identity, they are capable of valuing others’ identities. This is why parent-child prospectus bundles coin with tokens. The tokens represent identity, which represents rarity, and coins represent cash, which represents value. This is why IP Nerd wrote “I am a non-fungible token since you are a non-fungible token” at VeeCon Uno at the Minneapolis Web3 event. The simple assertion that all humans are one of a kind so any token could be special even if the majority of tokens are traded at no worth. Our “digital IP rights” bundle is just the mixture of coin, token, and you. Coin equals cash equals Bitcoin, and token equals IP equals you. This bundle means you (identity) always equal cash plus IP. The marketplace prices the cash, and you price yourself with the price point you let your intellectual property rights flip or expire at. In a world of 8 billion people, it is incredibly difficult to get attention with all the other market participants also vying for attention. Many are more attractive, more athletic, or even more intelligent, but no one is more you than you. Oftentimes we value ourselves more than zero while the marketplace prices us at less than zero.
One of the most impactful statements I ever heard was from “the Elmira Cowboy” who said, “Be so big they cannot ignore you.” It’s a simple offshoot from a corporate banner he kept in his office: Think Big, Act Big, Get Big. So how can we start small and end up big? Well, a good fisherman needs bait. What is your biggest bait of “being you”? This is your secret sauce. Your secret sauce is your IP, and your IP is you. Now your secret sauce is gonna need a big pot and a bunch of known ingredients to encourage the taste of what the mouth has already watered for before so you can slip in the secret sauce for something new connected to something already known. The known ingredients are cash (Bitcoin), maybe brand, and competition stories (IPNUTs). These are the known quantities: when it comes to FOMO, cash is King. When it comes to trust, brand is Queen, and when it comes to what might be, IP is prince (unknown variable: King, peasants journey and or Tyrant). All kings pass on the torch while the queens and princes have the ear of the crown as it gets passed around.