Sherman's Lagoon by Jim Toomey for July 25, 2022

A fool and his money …

The bored ape yacht has crashed and should be sinking into their area soon.

And the values of everything have crashed in the last few months. Just a bit lower, and we will never need to hear about NFT’s ever again.

Founding it or raiding it?

I thought these strips were from the 90s. Why are they talking about NFTs now?

I’m a computer dude … retired from a career working with ’em … and I have no idea what he said either. LOL!

He’ll play 20 questions and still not find the answer.

i have 40

Ernest knew that his explanation would create a plethora of questions, especially where Sherman is concerned.

That’s where I just say, “Hm…” and look at the pretty pictures.

so NFTs and the U.S. dollar are the same from thin air creations…

Great job playing it safe in regards to having Sherman asking you questions, Ernest.

Current value is $1524.4 but is dropped 3.82% in the past 24 hours. Sounds pretty shifty to me…

I have no questions because I’m simply not the least bit interested in the topic!

I don’t understand it either, Sherman.

When you buy an NFT, you’re not buying the thing. You’re buying a receipt for the thing. People who buy NFTs frequently think they are buying the copyright of the thing which they would be able to somehow cash in on later, but that is simply not true and they’ve been bamboozled into participating in cryptocurrency token burning (taking crypto tokens out of circulation to increase the vale of the remaining tokens).

In other words, when you buy an NFT, you are being tricked into burning your money in order to burn crypto money to make someone else richer.

I finally looked up the word “fungible”. Obscure legal term but it did make things make a wee bit more sense.

There’s also the off the track phrase “fun gible”. (I looked up gible) A gible is a dragon Pokemon, which I never knew previously either.

In other word, a scam involving imaginary property, bought with an imaginary currency, purchased with real money. Some idiots never learn.

And the whole thing is a giant scam to con suckers out of their real money, so why are you giving it publicity, Jim? I sure hope this is leading to some shaming and not because he bought one.

I think I understand what Ernest said but I’m not sure.

Haha! XD