This month’s word of the month is not quite mushroom related, but it looks as if it is.
It has sprouted up everywhere of late.
The word is fungible - it’s one of those words that you may have looked up but then promptly forgotten what it meant.
It’s a legal term defined as (of goods contracted for without an individual specimen being specified) replaceable by another identical item; mutually interchangeable.
Basically in English it describes useful things that are interchangeable. Money, for example, is a fungible good.
It’s popping up a lot recently in the term “non-fungible token” - something to do with a blockchain technology, so something to do with digital swag, related to cryptocurrency.
NFT’s are perhaps the new bitcoin. Buyer beware.
Cryptocurrency - Definition: a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
Or as John Oliver succinctly put it: "Everything you don’t understand about money combined with everything you don’t understand about computers.
