This is quite complicated. Of course i always take the easy way out and speak of my beliefs of defi and nfts being nothing more than big bubbles because typically the conversation with me is going to end that way. Let me do some mental work and reach a type of economic enlightenment on the matter.

So when you speak about any type of legal enforcement or governments or municipalities or rights. We at the core know that these things only have as much value and power as the ability to enforce them. If nft markets get hacked. .crypto markets etc., whatever. We still know that any protective actions are only possible through some type of legal framework. Now of course if the security is good and its not hackable or whether its through some centralized hub etc., whatever the case is anything going into the physical world as you explained.. tethered to something.. in a physical capacity all of these things present problems and i think a misunderstanding of the proper use of cryptocurrency.

Here's the thing a currency has no value its just facilitating an exchange. Cryptocurrencies are horrible currencies if you do any transaction you can't reverse it or do chargebacks.. it has to be considered then one of the worse means of commerce to use lol. it just fails all the way.

So what is it then? Well i believe it is a record to a social contract we have made and we authenticate on teh chain. Now thats completely different. than how you all use crypto. See to me crypto has to be the next evolution in human beings not just in economics or monetary policy but in who we actually are and how we view our economies.

Right now i see we bring capitalist like ideas to cryptocurrency and to me thats just a primitive system that doesn't even align with a 21st century technology like cryptocurrency .

For example: let's go back to nfts.. think about this. capitalism needs scarcity for the most part to work. Then artist want to get paid why because the system doesn't allow them to get paid really much any other way but force people to give you money right. Or you can't have the goods. and services.. or it cost me resources to create goods you want and i have to get those goods to give you the goods you want.

So in something like nft. you have infinite supplies of things. So stay with me now lol.. So if you look at something like star trek on tv. what's happened there. Well they have pretty much unlimited energy . .replicators to move resources to any location.. So what's happening with star trek is that because of these technological advances its caused the markets to go to zero basically.

So now what you value is accomplishment right? So in a nft if i was an artist who did a great work. I wouldn't do it and put it on the chain to sell it to you at a trillion dollars because .. idk maybe i put something on the market for a trillion bucks and the bilderbergs or rotschilds really got a trillion bucks and they buy this nft.

So the point i'm making is that something like a nft i could see having more value as a means for an artist to say i was here and for you to know that artist and it not be an imposter artist from 100 years ago as to say in this future type world we'd value progress and accomplishment over collecting more currencies that in themselves have no value other than to exchange for something else. So as to say if $1 is worth a billion it or a thousand it doesn't really make you any difference as the exchange rate is always the same between the goods and services unless you fall to inflation or something.

So thats what the 21st century economics will look like. The reason it's so flimsy now and we can't find use cases and crypto doesn't work is because we're not using it properly for what its meant to be used for. if you look at the things we trying to use crypto for its all nonsensical stuff.

Jack Dorsey at the recent bitcoin conference couldn't even explain why bitcoin was so great. Elon asked him why doesn't he left twitter accept bitcoin for ad payments seeing that he's such a big believer in bitcoin lol. This is where the baloney comes in as he tries to dance around that question.

Cryptocurrencies are the dumbest payment systems to try to use in the world they dont work in practice. So same thing with nfts and everything else we doing. Cryptocurrency is an evolved enlightened economic system and i think Satoshi to some degree had to undrestand that if he created bitcoin. So he had to understand to some degree it would move to this. That we'd hit all these hurdles.. My conclusion you can not come in here and try to use cryptocurrency in relation to an outdated 20th century economics such as you all do. still into its payment system it's a speculation device to no end and no use. Thats you guys problems that your minds can't evolve you still stuck there.