11/19/2021

Hey, whiskey ... it takes me places. Come along.
Saw this story and just had to laugh. I'm reminded how we are at the height of decadence. We don't merely have kings buying new invisible clothes, but other kings fighting for the right to sell them.

If you don't know what NFTs are, it stands for Non-Fungible Token. Fungible meaning something that is freely exchanged - as in gold or currency. NF is the opposite of that. It is non-money. Think smoke. The "T" stands for token. A picture of a coin which represents a copyright - apiece of paper which states you own a unique set of ones and zeros.

Congratulations, here is your 1001011100110011010. With the proper equipment those digits will display a picture. That will be 50-grand. Of course, in this case, anyone watching the movie can see for free what you paid beaucoup bucks for; but hey it all about decadence.

It's just so ridiculous and can't help but be compared to the tulip mania of 500 hundred years ago. However then, you may have paid way too much for a tulip bulb, but at least you ended up with a tangible pretty flower.

On second thought, it's more like the "I'm Rich" app released in 2008 for the iPhone. For $999 your iPhone would display an image of a jewel. Really. That's all it did.
https://www.breitbart.com/entertainment/2021/11/16/miramax-sues-quentin-tarantino-pulp-fiction-nft-sales/?fbclid=IwAR12YKK_8hKAuX6bLJZqFOWpXnz2EUVIr20TLMj1daRciO85XcRE_EEN2HQ

Miramax filed a lawsuit Tuesday against director Quentin Tarantino over the director's plans to create and auction off a series of NFTs based on his work on Pulp Fiction.

www.breitbart.com