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Are N.F.T.s All Scams?
Podcast

Are N.F.T.s All Scams?



Editorial Rating

10

Qualities

  • Eye Opening
  • Overview
  • Engaging

Recommendation

If you’re like a lot of people, the mere mention of NFTs makes you roll your eyes. It’s a wildly speculative market, where people are tossing around soul-crushing amounts of money because…why? Celebrity endorsements? Amusing digital artwork featuring apes? So why are so many smart people so enthusiastic about the potential of blockchain? This episode of the Freakonomics podcast may give you a better understanding.

Take-Aways

  • Vitalik Buterin is the founder of the Ethereum Project, a multifunctional blockchain system.
  • The bitcoin blockchain is essentially a database of who owns bitcoin; Ethereum could be described as a “rich design space,” and Ether as “programmable money.”
  • Ethereum-style blockchain systems can be used to produce “smart contracts,” which operate according to a series of if-then statements.

About the Podcast

The Freakonomics podcast is created and hosted by University of Chicago economist Steven Levitt and New York Times journalist Stephen J. Dubner, based on their book of the same name. Freakonomics radio has expanded to include the podcasts No Stupid Questions; Freakonomics, MD; and People I (Mostly) Admire.


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