4.8 • 2.5K Ratings
🗓️ 11 March 2021
⏱️ 67 minutes
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0:00.0 | Welcome to the Pine House podcast today is March 9th, 2021. I was like actually wait what year is it? |
0:12.1 | With me today James your you know fun house guy and |
0:17.4 | Ricking Elliott from Internet today. Thank you for joining us for the podcast today. Hello to be back |
0:23.0 | Yeah, a while. Yeah, I was here like a month ago, but two was fun |
0:27.2 | I came back some of us yeah must have missed the invites in the mail. Oh, it was because we were talking about the bachelor |
0:34.9 | Elliott |
0:36.9 | Are you in the bachelor? Okay, approximately zero |
0:41.4 | We might have a segment at the end. No, we don't but um we are here today to talk about |
0:49.6 | Well, I don't even know what it is so maybe that's why I was like yeah, I didn't try to talk about it |
0:55.2 | But I want to know about NFTs you guys did a video on it recently |
1:00.4 | I started watching some of it and then I was like fuck this. I know these guys. I'm gonna get their opinion |
1:06.6 | I |
1:08.6 | Stand for okay, I have to start this off because Ellie it's gonna get I feel like we're gonna do a good news bad news thing here |
1:15.6 | And I'm way more or at least I was more positive on the whole thing the word is bullish your bullish |
1:22.1 | Yeah, yeah bullish. So NFT is a non-fungible token |
1:28.3 | non-flushable turd non-flushable turd |
1:31.1 | It's a non-fungible token |
1:33.6 | But basically what what it's all referring to now is that people are putting digital art online and it is in the same way you would buy |
1:41.9 | You know a mando poster or a limited figurine from your local comic convention. They have |
1:47.7 | uh, uh, scarcity in the fact that they are limited because the ownership is backed up on the blockchain |
1:53.8 | So if an artist makes a piece of digital art, they can sell it and whoever buys it is |
1:58.8 | Proof to be that owner because it has a like stamp on the on the blockchain that shows ownership and who |
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