The South PacificBoard

Sjorve Ned wrote:

One of the problems is that those things are meant for making money (as in investment), not for day to day trading (like buying grocery).
When you use a currency to buy a drink, you should be able to just give it in whatever the amount needed to the cashier instead of pulling out a calculator and start doing accounting.

Ah, long term capital growth?

Sjorve Ned wrote:

Another (not so good) example of that is stocks, as in, company stocks.
"Hi, one PS5 please."
"Sure, that would be 25 shares in Sony."
Sure,that would be SGD420.69

Yes I will buy. It's 69.420 Moni

Raskana wrote:

Ah, long term capital growth?

Yep, that's what crypto (currently) for.

Sjorve Ned wrote:

Yep, that's what crypto (currently) for.

I see, like digital real estate?

Raskana wrote:

I see, like digital real estate?

Now, we have come to the territory of Non-Fungible Tokens.

Sjorve Ned wrote:

Yep, that's what crypto (currently) for.

Long form : 69 Moni and 420 Monicoins

The free romanians wrote:

Nihil sine deo is better😎

RUHM DEN ARBEITERN, FREIHEIT FÜR DIE ARBEITER, DIE USA KÖNNEN UNS JETZT NICHT AUFHALTEN!

(GLORY TO WORKERS, FREEDOM FOR THE WORKERS, THE USA CAN'T STOP US NOW!)

EINHEITLICHES KAUKASIEN DAS REICH IST GEFALLEN DER KOMMUNISMUS IST FÜR UNS ALLE!

(UNITARY KAUKASIA THE REICH HAS FALLEN COMMUNISM IS FOR US ALL!)

Xartoia wrote:

Long form : 69 Moni and 420 Monicoins

Yes, I got them. Here's your barrels of oil in funni numbers

Sjorve Ned wrote:

Now, we have come to the territory of Non-Fungible Tokens.

Non-Fungible?

hello everyone, how are you?

Sjorve Ned wrote:

Yes, I got them. Here's your barrels of oil in funni numbers

Thank

Raskana wrote:

Non-Fungible?

The reason why NFTs are non-fungible is because each token of NFTs are different and cannot be replaced. If your (let's say) 50 USD bill is partially destroyed, you can walk into a bank and get a new one. That's because currencies are fungible, they have the same value and can be replaced anytime.

Moss cow...

Moss cow...

Moss cow, Moss cow, throw your glasses at the wall
And good fortune to us all
Ho ho ho ho ho - hey!
Moss cow, Moss cow, join us for a kazadchok
We'll go dancing round the clock
Ha ha ha ha ha - hey!

Sjorve Ned wrote:

The reason why NFTs are non-fungible is because each token of NFTs are different and cannot be replaced. If your (let's say) 50 USD bill is partially destroyed, you can walk into a bank and get a new one. That's because currencies are fungible, they have the same value and can be replaced anytime.

Ah, but if your crypto coins go missing its POOF?

Sjorve Ned wrote:

Might as well switching to gold
With all those sanctions nowadays

I don't look at real-life politics for these things.

Raskana wrote:

Ah, but if your crypto coins go missing its POOF?

One of the things about crypto is that they can't be poof-ed. Once it's there, it's there.

Sjorve Ned wrote:

One of the things about crypto is that they can't be poof-ed. Once it's there, it's there.

Ok, sorry you lost me.

Never had economics.

Raskana wrote:

Non-Fungible?

Yes, it means you cannot turn them into mushrooms.

Sjorve Ned wrote:

Yea, I am not that good in economics as well.
All of the above are just what I learned ever since the whole "wallstreetbets" happened.

wallstreetbets? never heard off but ok.

Yeah, I never had a normal education.

Witchcraft and Sorcery wrote:

Yes, it means you cannot turn them into mushrooms.

Thanks for the explanation, WS

Raskana wrote:

wallstreetbets? never heard off but ok.

Yeah, I never had a normal education.

It was on the news for a while.
But, yeah, don't worry about that.

Sjorve Ned wrote:

Thanks for the explanation, WS
It was on the news for a while.
But, yeah, don't worry about that.

Good thing its not my job. :)

Raskana wrote:

Good thing its not my job. :)

Yeah, just focus on what you are doing and want to do right now.
Economics are for the... Uhh.... elites, I may say.

All right, Somurias is now the strongest country in TSP (by military) again