Glyph on Nostr: Ultimately all a commodity *is* is a fungible resource. The ultimate ...
Ultimately all a commodity *is* is a fungible resource. The ultimate decommodification is the non-fungible … thing. And this isn't just wordplay. The mania around NFTs is leveraging the inverse of commodification. A commodity has a consistent quality; fungibility means consumers know what they're getting. Non-fungible things are inherently a gamble. You don't know what you're getting, and that makes it attractive to speculators.
Published at
2024-07-02 18:15:17Event JSON
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