Non-fungible tokens (NFTs) a derivative of Blockchain, Why I really like the Idea – Getting Rid of the middle man – March 12, 2021,
It’s very easy to have your digital artwork stolen and Non-fungible tokens (NFTs) get to the heart of that problem. From my perspective as a person who has had o go through lawyers and other middle-people just get a trademark, I see a lot of value in Non-fungible tokens (NFTs).
Just being honest, I’ve said this before and I’ll continue to say it, I see a lot more value in Blockchain technology than I see in Bitcoin or even Ethereum. Now clearly when you read about Non-fungible tokens (NFTs) there are some challenges in that it’s a bit of a challenge depending on what blockchain network, you opt to join, but I see a lot of market-based approach in the Non-fungible tokens (NFTs).
Now, just being honest, I’m not a huge fan of patients or patient rights as they’re structured now, because part f the reason the world is so poverty-stricken is that a lot of energy ideas that existed even prior to Nicola Tesla are trapped in a vault somewhere and never developed simply because humans hate deflation and use the power of a perceived authority figure to inflate prices, instead of raising the standard of living.
When I imagine Non-fungible tokens (NFTs) what I see is a future problem with cryo-currencies as a currency, because there will be a lot of wasted energy maintaining this infrastructure that is easily fractured. What I like for Bitcoin to do is to break our current central banking system, however, what I don’t like about Bitcoin is that it’s helping to usher in a CENTRALIZED Digital dollar.
Had Blockchain just been blockchain and not had this crypto-currency component to it, we could be imagining the entire planet differently. But now, what we’re getting stuck with is more bloat. There’s going to be a lot of wasted energy maintaining this infrastructure all because of the silly mining process.
This is also going to leave the door wide open for governments to regulate or raise energy prices. I love Blockchain, but just being honest, I’m not a fan of cryptocurrencies, I’d like to imagine that Bitcoin is merely the free advertisement for Blockchain and will eventually widdle away in obscurity because the Blockchain is a beautiful thing and I see a collision coarse ahead, that I’m not even going to write about in this post because I’m not going to give central planners any bright ideas.