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What is Ethereum Crypto?

Started by RCMerchant, April 08, 2025, 01:28:00 AM

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RCMerchant

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?
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant

claws

#1
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.

Is it October yet?

RCMerchant

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.
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant

claws

#3
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.
Is it October yet?

RCMerchant

#4
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.
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant

Rev. Powell

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.
I'll take you places the hand of man has not yet set foot...

RCMerchant

He said he can't do cash- so I said adios.
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant

Trevor

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 ☺️☺️
We shall meet in the place where there is no darkness.