John Cleese Sells the Brooklyn Bridge as an NFT

If someone bragged about spending 50 grand on the idea that they own something that doesn't exist if the lights go out, I would use that as signal that said person would be a good mark for a scam. Highly gullible, a bit dim and has money to burn.

This is a perfect example of what NFTs really are, a mechanism to monetize attention, not ownership. Yes, they could be used to represent ownership; but, that's not what the current incarnation actually is.

Anyone could have made a Brooklyn Bridge NFT (I've seen many make this joke). But, the value of the NFT is based on who is selling it and how compelling the narrative around the NFT is.

The valuation of the NFT is going to be based entirely on expectations of growth of future attention to the minter of the NFT. The market for them is going to consist primarily of a person that is a speculator first, collector second.

With that said, I think that people are wildly overpricing expectations of future attention for most of these. So there will be a correction. But, I don't think they are a fad, as long as gamblers exist so will NFTs.

"e.g. you are the rightful owner of the Brooklyn Bridge."

I note that this whole NFT thing is bollocks but you are only buying an image of the Brooklyn Bridge not the bridge itself.

This is not the same as a bloke pretending to flog the real bridge to you. That is why John Cleese picked that bridge because it was famously "sold" several times to victims of fraud.

When I say bollocks, that is too trite as well. NFT means non fungible token and yet it clearly is "fungible" in some way. I generate one and sell it to you. The blockchain "proves" the transfer of ownership.

Fiat (let it be) money is on pretty shaky ground as well and yet we live with the fibs and outright lies and get on with trade. If you look at the recent GME trading stuff and break it down into the various components - start with "what on earth is a USD?", it all rapidly gets a bit mad. Work your way up through what a short is or even what a simple stock trade actually means and then perhaps look at how the trades are trued up every few days and other weirdness.

Calling out NFTs as bollocks is a bit off. Fiat money and stocks n that are basically a game with a lot of rules, a lot of rules. It is possible that some of those rules are made up on the fly by the banker and the banker may not be who you think they are.

That said, I don't see myself using crypto coins. I mined over one BT back in the day and lost the wallet on my Pentium II when I dumped err recycled it. At the time it was worth a few quid - the BT that is. I really won't buy a NFT unless I suddenly find my NW in the millions and I get bored.

Now Mr Cleese's piccy of the bridge does look quite tasty ... copy, paste .... delete. 8)

For me, this was caused by a buggy service worker; unregistering the service worker (from about:debugging > "This Firefox" > "Service Workers" on Firefox, dunno how on Chrome) should fix the issue

I think in 1-2 generations people will look back and wonder about how dumb we were about our energy consumption regarding the environmental challenges we were facing.

Most of ou current Christmas folklore is pretty pointless lights being a pretty recent invention when compared to christian religion timespan. Same as for Christmas trees, they were pretty much on point when everybody had a wood stove to throw them in after Christmas and warm the house. Pretty pointless nowaday when you live in a flat...