Garrett
@garrett
Coins are the most atomic unit within crypto; they're interoperable and composable across a ton of different apps and tooling across the onchain internet It's a more fluid model that's more adaptable to a variety of different use cases, communities and ideas NFTs still have a place too but they're best used when uniqueness or scarcity is key Love the ongoing experimentation Just coin it
6 replies
4 recasts
41 reactions
Steen
@usersteen.eth
Not actually convinced about the scarcity argument for nfts - it seems to me they're more useful for utility than anything to do with economics
1 reply
0 recast
1 reaction
Garrett
@garrett
Scarcity is important when dealing with exclusive access or assets So the scarcity can be part of the utility
1 reply
0 recast
1 reaction
Steen
@usersteen.eth
@jacob explained it better but liquid markets account for scarcity through the price and available supply. Idk how to differentiate this concept vs the more literal, traditional sense of scarcity. But ya scarcity in that sense is utility
2 replies
0 recast
0 reaction