this post was submitted on 04 Sep 2023
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chapotraphouse
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They also drastically multiply the amount of wasted electricity and dump a lot more carbon. It's a solution trying to make its own problem to solve that also burns the planet that much faster.
EDIT: NFTs are typically minted with Ethereum, which spends a lot of electricity already. If you want to dream up a magical version of a rent-seeking token that doesn't do that, that's cute, but it's not what's happening with rich techbros trying to get people to buy ledger spaces that are associated with ugly cartoons.
There's a difference between using electricity and using more electricity, especially a lot more.
EDIT: NFTs are typically minted with Ethereum, which spends a lot of electricity already. If you want to dream up a magical version of a rent-seeking token that doesn't do that, that's cute, but it's not what's happening with rich techbros trying to get people to buy ledger spaces that are associated with ugly cartoons.
I get that you want to pull a "how do you do, fellow leftists" and peddle internet funny money and/or rent-seeking magic ledger spaces here. It's not cool. Stop it.
They are ledger spaces on a database that are often but not necessarily associated with pictures.
https://www.youtube.com/watch?v=XwMjPWOailQ
You're a fucking clown, and the circus isn't selling enough tickets for you to stay in town. Leave.
i'm stealing that line
that's fucking beautifull
You're now playing the "NEW EXCITING GRIFT IS INEVITABLE YOU CAN'T STOP IT" card. Clowns like you were peddling real estate in Zucc's Metaverse(tm)(r) the same way.
At least start juggling or ride a unicycle while you're here, clown.
No market manipulation among NFTs. NEVER EVER!
https://www.theverge.com/2022/3/24/22995107/us-arrest-charges-crypto-nft-rug-pull-frosties-ethan-nguyen-andre-llacuna
You're wasting time here when you could be ripping off more credulous people in your home instance. Pack up your crypto-carnival already. Whine all you want that it's pedantically "not crypto" when you don't want it to be, but that's just arguing about whether the shit is liquid or solid after a particularly bad stomach ache.
You're claiming that the answer to capitalism is more capitalism, this time from a shiny newer casino that is already majority owned and operated and pushed by ruling class capitalists and that will somehow topple capitalism and bring about an unspecified utopia that you've been vague about so far but have used techbro language to try to dazzle people with your bullshit.
nft aren't actually pictures, they are a hyperlink to a picture that can be changed or removed at any time with no recourse
https://www.wired.com/story/nfts-hot-effect-earth-climate/
I linked that article as an example of the waste emitted from related processes.
I'm certain you're being a bad faith peddler at this point, because again you're sidestepping the energy costs of your magical world saving ledger position sales tokens.
For people watching this comment chain, this is a decent starter summary of the grift that the above grifter is trying to peddle here:
https://www.youtube.com/watch?v=XwMjPWOailQ
The grift is okay because there are magical theoretical grifts that totally bypass those problems, pinkie promise, just around the corner as they always are.
My point is you're a clown and peddling your rent-seeking bullshit here is disgusting.