LN – Let’s start with tech background of Public key cryptography

Algorithmic cryptography (i.e. rot13)

Symmetric cryptography (i.e. password)

Asymmetric cryptography (aka public key)

Block chain and “Ledger”

How it’s both public and secure

Decentralization makes it more secure

Quick overview

Why a “block chain”

… And then NFTs – Define fungible for the umpteenth time (replaceable)

What’s inside the NFT?

GR – Doesn’t necessarily include ownership

How it applies to ownership

How it relates to governments

1% of the NFT crowd understands it, 99% pretend they do

Mushy copyrights

People don’t look at the details

NFT art isn’t like a painting or a baseball card because those things have a real value association and you actually own the item, not a “certificate” associated with the item.

NFTs have some real potential in being a decentralized system of who owns what. But if major governments collapse, then who cares?

Scarcity creates value… but digital can be copied

Compare to physical property

The technology has potential

GR – NFT scam alert. Particularly in games.

Are NFTs scams? Definitely, no. But there are a lot of scams using NFTs or the NFT name.

NFT tickets to events. What’s wrong with just tickets? This makes it more difficult.

GR – Or, maybe this is actually a redistribution of wealth so let’s hush up.

Acknowledge: By talking about it now, we may look like fools later on. That fact makes me not want to talk about it… But what if that is happening to everyone else too, so no one’s talking about it?

We know just enough to be worried…

Tim Ferris: “NFTs make Crypto(currencies) look like treasury bonds”

Etherium Block chains and NFTs creating a revenue stream for creators

DAOs:  Why can’t a DAO exist without a blockchain? Why voting?

Early days… lots to be seen. Compare to Ponzi scheme

Where is Web telescope (Fun tech!)