My mom did work for Make a Wish. She left in disgust due to a number of reasons but that was high on the list. Apparently there was also problems with people abusing the wishes.
The Alarm Is Sounding On NFTs
- Thread starter hanselthecaretaker
- Start date
And let's not forget that in many developing countries the power to mine crypto is stolen.
Aren't NFT's literally just jpeg files?
The power grid stuff is also confusing to me. Generating electricity isn't a carbon emitting process in theory. You can generate power from solar panels, or hydro-electric generators. I don't see how crypto is "poluting" in any sense other than power sucking off a grid that needs to be used fairly evenly over a section of population.
Aaaaaaaaaaaaand let's not forget that a lot of NFTs out there were produced without permission of the artists that created them. That's going to end up as a huge issue... and as soon as some IP lawyers get bored enough or an artist with deep enough pockets gets pissed off enough it's gonna make for very interesting reading.
jpgs embedded into blockchains. It's the continual decrypting and encrypting of the blockchain that sucks massive amounts of power.
Sounds like a bunch of bullshit to me then.
NFTs are jpegs with a special trackable ID. So yeah basically just jpegs but jpegs you can grift people into paying their life savings for.
As far as power generation, I mean you're not wrong that we do have clean energy sources as options, but a lot of places don't particularly have them in place yet. I live in Canada, a wealthy relatively progressive country with massive tracts of stable unused land that can easily have solar, hydro, or wind put on it. But we're only just getting there - if someone brings a crypto plant online there's a really good chance the power is gonna come from a coal or natural gas power plant.
If you do something to massively increase the power demand in an area, whether you're putting on a sick laser light show or mining crypto, then you are causing more coal or gas to be burned and effectively polluting. The issue with crypto is that it's basically a constant extra demand as opposed to most other high energy events which usually follow cycles or are just brief in general.
This is the correct conclusion.
Actually, how most NFTs work is each NFT (jpeg, gif, png, whatever really) is stuck somewhere on the web and the webaddress and the current owner for it are what goes into the blockchain. In most cases there aren't even special viewers on the websites that prevent the use of Copy or Print Screen commands... so they're trying to force artificial scarcity on something that is infinitely reproducable. And people are falling for that shit and throwing money at it.
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The absolute BEST thing about crypto and all this shit is that once upon a time the cool thing was to donate idle computer processing cycles to things like SETI and Folding (and other distributed processing projects) helping crunch massive sets of numbers for SCIENCE! So of course it had to eventually be twisted into a massive scam to make money.
Where's that Extinction Event Asteroid I ordered?
Where's that Extinction Event Asteroid I ordered?
Held up by Customs.
Not even gonna ask about my cocaine filled headphones then.
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- Apr 1, 2009
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To be fair, there has been a nationwide shortage of shipping paletts in Oz.
So I work in a WeWork style work space. Lots of small tech and finance companies. Lot's of bros. Overheard one bro bragging about his 12 year old son using his pocket money to buy crypto and invest in NFT's.
No, they're data stored on the blockchain so that bit of data can be assigned ownership and traded using that blockchain. Imagine I charged you a dollar a byte to create a file that basically says "The following data belongs to CriticalGaming: $DATA" and store it in a mostly immutable ledger in a way that allows you to sell or trade it with other people if you can convince them it has value.
The direct consequence of which is that the $DATA bit there usually isn't even a JPEG file, but a hyperlink to a JPEG file, since a hyperlink is several orders of magnitude less data than the JPEG itself.
Now you're getting it. The most important thing about NFTs for the people promoting them are that they can sell you NFTs and that transactions for NFTs are done in crypto, which creates a "legitimate" use case for cryptocurrency and thus helps buoy the value of crypto as well. At least until the cost of quantum computing goes down and you don't have to be a government to kill all modern cryptography using Shor's algorithm.
99942 - Apophis is still scheduled to visit us on Friday, April 13th, 2029. It is the highest thing to ever be rated on the Torino impact hazard scale at a 4, before being reclassified to a 1 and then a 0.