I'm not watching a two and a half hour video.
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the vitriol around nfts. i don't get it. my missus makes them.
Nope. Many NFTs are minted on more sustainable blockchains like Polygon, Cardano, Solana which use proof of stake and a fraction of the computing power of proof of work blockchains like Ethereum. That said Ethereum is the largest blockchain after Bitcoin and Ethereum is undergoing a transition from proof or work to proof of stake.They are destroying the planet
Nope. Many NFTs are minted on more sustainable blockchains like Polygon, Cardano, Solana which use proof of stake and a fraction of the computing power of proof of work blockchains like Ethereum. That said Ethereum is the largest blockchain after Bitcoin and Ethereum is undergoing a transition from proof or work to proof of stake.
A non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.@David Kronenbourg perhaps you can explain to me what NFTs actually are? AIUI an NFT is a string of bytes stored on a distributed database (i.e. the blockchain) with someone's name against it. Is there something more to it that I'm not getting?
I think that's more or less the same as what I said.A non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.
But that’s not what any of them (that I saw) were freaking out about.In all seriousness, artists might have a defamation case here, in terms of their music’s related artwork being ‘appropriated’ in such a manner that it gives the impression they support the NFT grift. Sure, their music wasn’t ‘stolen’, but there’s real potential for reputational damage (if not outright encouraging fans to sink their money into the ponzi scheme).
I gave a use case for it you bastard. People have been banned for less. No, YOU CHILL.The only use case for NFTs that I can think of entirely depends on the existence of a fully formed “metaverse” in which digital ownership of digital assets actually means something.
This is the nuts and bolts of it really.The reason crypto will fail for anything beyond baseless speculation or very small projects is that it has the potential to make financial transactions visible, accountable, and unalterable, and the people who run the economy worldwide do not want this to happen.
The only way it will work will be with a massive revolution changing the entire system, which i'm fine with, but in that case crypto is the least of our concerns. That Ministry for the Future book has a use-case for it where it is used to stop corruption in a future financial market, but that comes after the revolution.
invest in seeds and waterwill quantum computers make NFTs obsolete?
i.e. should i start investing in quantum computing?
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