well, not gold because that would have been replaced by an nft of the gold. in fact, you should probably have an nft of the nft so that it’s nfts all the way down
i do suspect someday there will be augmented reality glasses that let you see those diamond earrings on your earlobes. but only if you have the apple headset, download the “i love nfts” app, and subscribe monthly - probably in real us dollars. ( oh, and everyone else has to use the same app too )
diamonds and their atoms aren’t plagued by all of the intermediaries
( nfts might be more like credit cards than money. since banks are able to issue their own debt that isn’t backed by the fed. but if my debt fluctuated based on other people mining. i might get kind of upset )
I understand your point but that’s the entire premise of NFTs. The value of an NFT is whatever people are willing to bet/invest in it. IOW, it’s simply an agreement or understanding or foolish assumption or wishful thinking or shared hallucination or a deliberate scam. Take your pick. All of which is based partly on the emotions AND greed experienced by those playing the game. There is no other value.
Which isn’t to say that you can’t make money from it if you play that game right or get lucky. It’s simply a virtual reality investment game.
True, but the infamous tulip trading bubble and crash in 1636-37 was all futures trading during the off-season: no physical bulbs changed hands, and the contracts for the next season’s harvest, held by the unluckiest suckers, were not fulfilled because growing tulips was suddenly not profitable. Just goes to show that this sort of bullshit has been going on for a long time.
I used the phrase more or less fireproof because they won’t burn at the temperature of an ordinary household fire. You basically need specialized equipment to destroy a diamond by heat. Even a kiln won’t get that hot.
Edit to add: you’re right that they can combust (rather than melt) at lower temperatures but that requires specific conditions including plenty of oxygen. I would guess they would still survive a house fire but I could be mistaken!
That’s the melting point. I think that diamonds are one of the substances that burn well before they melt(assuming a decent amount of oxygen on hand). In thinking about it; carbon in general doesn’t melt very readily; at standard pressure it sublimates; and even that above the melting point even of the metals that aren’t messing around, like Tungsten.
From the sounds of it, they would probably survive but be damaged with a white layer that can be removed, it doesn’t go all the way through. But yeah, total combustion is unlikely to happen unless you’re really trying.
So, as required by law or an ancient charter or something each time someone mentions “Tulip mania” - please note the rest of the wikipedia article which spends a lot of time pointing out all the various reasons to doubt the “mania” story.
TLDR - it’s all based on one satirical account with very little actual data to back it up and what data there is doesn’t really support the “mania” narrative.