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.

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?