A HIVE-backed PEPE might mean "1 HIVE = 1 PEPE frog", though that might first demand that PEPE frogs are fungible! π€πΈπ€―π
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A HIVE-backed PEPE might mean "1 HIVE = 1 PEPE frog", though that might first demand that PEPE frogs are fungible! π€πΈπ€―π
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Well, it doesn't have to be 1 for 1. 1 PEPE could be reactions of 1 HIVE. I can't tell one PEPE apart from another, so they most be fungible! π π π β¨ π€
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We can tell one PEPE frog apart from one another based on their physical characteristics (such as size) and preferences (such as clothing). π€πΈπ€―π
Anyway, "autocorrect" made you type
they most be. π€―ππ!WEIRD
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Yes, but can you tell one PEPE token apart from another?
Wonderful indeed! π π π β¨ π€
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Yes, if you trace transactions on the Hive blockchain. π€π€― Some may say that those PEPE tokens that came directly from the PEPE frog (without any intermediately) are worth more than those which jumped/hopped through a lot of Hive accounts first. π€―πΈππ
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Well yes, you can see how much was bought, sold, staked, delegated, or sent, but they're just units, indistinguishable one from another, which is the opposite for NFTs. Hrmmm...why, because they came from his Divine Froggieness? πππβ¨π€
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In the case of Bitcoin, those BTC that are newly minted from Bitcoin wallets without any prior transaction are generally worth significantly more than those BTC that got transferred across many wallets. π€ The same goes for BTC from wallets from some popular people that have widespread support. π
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That is wild and makes no sense, especially since they're divisible. Very. Very strange indeed. π π π β¨ π€
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