Perhaps you've seen more sophisticated NFT critics than I have. The ones I mostly run into act as if there is fundamentally some difference-in-kind btwn what NFTs are doing and what btc is doing, or rather, the psychological tools it is doing it with. Although admitting that the construct of money is psychological at all would be a great leap forward for many.
afaict NFT investors are banking on the utility value or monetary premium of NFTs which much like the value of Rai stones depend on more than just convention.
You lost me on this point. What, more than convention, do rai stones and NFTs depend on? You say "circumstances" but the circumstances are realized through conventions, are they not? Circumstances change, and our agreements about what is reasonable or desirable -- our conventions about those things -- change in consequence. But it's still convention. What more could it be than that?
Or have I missed a nuance of your point?
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Or have I missed a nuance of your point?
I'm not sure. By circumstances, I meant assumptions about the conditions of the system Rai stones will exist in, eg there will never be technologically superior visitors who interfere with our ledger.
Conventions are made/formed/whatever assuming some set of circumstances and sure those circumstances are sometimes conventions themselves, but the quantity of gold present on earth isn't a convention, is it?
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right-click-saveis also just a troll, right? We all know that NFT people know people canright-click-save.