Somebody offered me a lot of Ethereum for my art- he said the wants to use it for a NFT?
Now, that makes no sense to me- I told them real US cash or no deal.
Can somebody explain all this to me?
Ethereum is a digital currency, such as Bitcoin, that is used as an alternative payment method or speculative investment.
Personally, I don't do that stuff. No thanks.
QuoteA non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided.
It's all too esoteric for me. I have no use for it. I need greenbacks.
If i can't pay the mortgage or buy groceries with it- no thanks.
I know somebody who uses Bitcoin for paying stuff. I believe a smartphone is mandatory. There are only very few walk-in stores here that accept Bitcoin payments.
If the place you pay mortgage accepts digital currency, you could use that method.
I don't have a smartphone, only a landline, and don't know if US Bank-, who holds my mortgage- takes it or not.
It all sounds kinda fishy, to me.
With the stock market nosediving, I wouldn't trust any kind of payment unless it's cold, hard cash.
I own some and in some circumstances I would accept it for payment but I wouldn't advise anyone else to. It's a gamble and there's a learning curve involved in setting it up. I definitely wouldn't trust a random person who wanted to buy my art with ether, sounds like a scam, or at best just a weirdo crypto-bro. Let him pay cash and sign a contract allowing him to use it as an NFT if he's serious.
He said he can't do cash- so I said adios.
Quote from: RCMerchant on April 08, 2025, 08:31:39 AMHe said he can't do cash- so I said adios.
I think that's for the best ☺️☺️