Still kind of a problem in search of a solution. But that won’t keep silicon valley types from jumping on the bandwagons

Click for the whole sordid tale

The latest craziness is NFTs – you buy a digital coupon that says you own something. Something that’s already online and freely available. Like, a .jpg that will render in anybody’s browser who bothers to click on it. But you have a coupon! That you paid hundreds of thousands of dollars for! Seems legit.

This is all an attempt to create scarcity where none really exists. That seldom ends well. The Internet has destroyed the scarcity of just about all information-based assets, and the old zero-sum games no longer play well.