82,387
edits
Fungible: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|glossary|}}Entirely interchangeable. In the context of [[securities]], being of the same issue, and having the same securities identification number. The same, but not, if you see, the ''same''. | {{a|glossary|}}Entirely interchangeable. In the context of [[securities]], being of the same issue, and having the same securities identification number. The same, but not, if you see, the ''same''. | ||
There | There are great divides in the bedeviling [[pedantry]] of law, between things that are the ''same'' but somehow, over a period of time, ''different''; things that are ''different'' but nonetheless at a given point in time, the same; and — in recent days — things that don’t exist at all, but being unique representations of that nothing on a [[blockchain]], in a [[Cartesian]] sense ''do'' exist, but weakly, and only along the very single fragile dimension that they are [[ontologically]] distinct. [[Amend]]ment describes that first class; [[fungibility]] the second; credulous gulls the third. | ||
So, with feeling: | So, with feeling: | ||
| Line 8: | Line 8: | ||
*'''''Not'' fungible''': Securities from different series, even if issued by the same issuer, are ''not'' fungible with each other. | *'''''Not'' fungible''': Securities from different series, even if issued by the same issuer, are ''not'' fungible with each other. | ||
*'''[[Non-fungible|''Non''-fungible]]''': Tokenised representations of meritless gobbets of intellectual property (Banksy prints, memes, tweets etc.) that are created on a [[blockchain]] and sold to stupids are unique, by design, representations of the empty set. ''This'' picture with the lens cap on is different from ''that'' picture with the lens cap on. | *'''[[Non-fungible|''Non''-fungible]]''': Tokenised representations of meritless gobbets of intellectual property (Banksy prints, memes, tweets etc.) that are created on a [[blockchain]] and sold to stupids are unique, by design, representations of the empty set. ''This'' picture with the lens cap on is different from ''that'' picture with the lens cap on. A non- | ||
===Definition=== | ===Definition=== | ||