Fungible, Non-fungible

Fungible, Non-fungible

What's the difference between fungible and non-fungible?

Simply put — fungible means there is no difference in value between two things exchanged between parties (if you have a $1 bill and I have a $1 bill, neither of us lose or gain anything by exchanging them).

Non-fungible means the opposite. I have an original Picasso, you have a finger painting. They are both works of art, but their values are not interchangeable. 
 

Digital Collectible

 

Learning is like climbing an infinite ladder.

We're conditioned to think of a single percentage point as an almost non-consequential gain. In conventional wisdom investing, 1% would be laughed at.

How long it takes to learn something is a better proxy for how valuable something is than how long it takes to do something.

It's comforting to think that hitting a certain target or achieving a definable milestone will bring us lasting comfort.

If you make $10,000 or $1,000,000 and spend 100% of it, the outcome is the same.

An abundance of connectivity means you’re only ever a second away from another opinion.

Expecting to excel in anything without consistent practice is the easiest way to lose.