Bitcoins are internal to the system, and issued according to a schedule and rules.

NFT's (or anything else) are not. You can't put something into it and exclude other people from putting the same something into it.

It's pretty simple. You can't achieve digital scarcity that way.

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dergigi.com/memeworld

Y’all remember bananacoin? This was a real thing ‘17 ahh good times

Is this the same as Banano? An old high school friend of mine lost 10s of thousands of dollars on Banano.

🤷

So nfts, a fiat currency derivative, gold or a real estate claim, rely on a central authority being trusted to either keep a database or a stock of whatever physical thing it is meant to represent in the real world.

We've reintroduced the need for a central third party.

What's gained? The ability to transfer things 24/7 and potentially in smaller fractions?

Well yes, but this could all be done on a website that refers to a database. The only difference seems to be that they can pretend to be like Bitcoin and it takes two short notes to think through the difference.

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Yes

NFTs of digital art are potentially infinite representations of potentially infinite jpeg files. 😂

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