this post was submitted on 07 Jul 2024
482 points (92.4% liked)
Memes
45171 readers
1760 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not to mention, at scale, big things like cars and houses are sold a ton every single day...
Having to use all that electricity to mint an NFT every single time, not to mention cases mentioned above like "Oops got it wrong", yikes.....
Would that cost more electricity than hypothetically shifting all vehicles to electric? Now I'm curious haha.
I mean, you can use other systems besides cryptographic proof-of-work to determine legitimacy of stakeholders of a blockchain. It doesn’t necessarily have to waste power.
That being said, none of the other alternatives are really viable either. Proof-of-stake? So the “richest” people on the chain control all the money? Sounds like we just reinvented the late-stage-capitalism we already have.
Nah, movement is a ton of energy be it gas or electric. Electric vehicles are still the future for the simple fact that they replace something even less economical or long term.
NFTs replace nothing. Not with an improved version, anyways.