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Why do we have an issue with NFTs again? (answered)
Like, the shadiness is not something I approve of, but why do we dislike NFTs?
Side note: I mean this in the nicest way possible: you can stop arguing now.
Best Answers
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Mostly cause of the high energy cost associated with them.
It's not really enviromental friendly.
That's the gist of it i think.
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Right in short
- You don't own the image
You have no legal rights to whatever NFT you purchased, it's simply a link to a receipt saying you own it while everyone else can use it for free.
- Energy consumption
It takes a lot of energy to transfer crypto, a lot of energy to mine it, and a lot of energy to store it, as well as a lot of energy to sell the NFTs. All of this energy, most of which is coal power (if you don't know, very bad for the environment) is being essentially wasted because you might as well just buy the actual image.
- Money laundering
NFTs are usually used as a money laundering scheme, purchasing one with dirty money, selling it for clean money, and basically meaning the theft can't be tracked
- No guarantee
Servers shut down? Out of luck, no more NFT for you. Someone doesn't give you the NFT after you've paid? Out of luck you have no legal rights. URL to the receipt expired? People can replace it with malware for free and you lose access to the NFT
- Way of rich people flexing on poor people, again
They serve no purpose except to let rich people flaunt their wealth.
If you'd like an in-depth explanation, here's a Twitter thread on it:
If you prefer Tumblr posts:
YouTube memes?
And also this:
Hope I could help explain why they're very very bad
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Basically, rich people are flexing on the people by being horrid to the environment and flexing on less privileged people over pictures of Pinhead dabbing or whatever.
I see why they suck.
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"We don't."
Objectively and demonstrably false.
7
Answers
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Oh, O.K.
I mean, that's totally fair.
but, what about, like, food waste? food waste is super environmentally damaging, but it's not really a taboo.
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Because they're an environmentally harmful way of saying "look, I have a certificate saying I own this jpeg". But the file itself can be copied regardless, so it doesn't do anything.
They're inherently dumb.
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yeah, I get that they're dumb.
wait, actually, how are they so harmful to the environment?
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Wait so people are literally buying JPEGs? Like you just get a receipt for something you can find on google lmao? I am amazed people are actually that dumb to buy one....over priced too.
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A lot of things are environmentally damaging. Most of those things are more important then an nft though.
I don't know the exact numbers but i know it's not a small amount of wasted energy. It's very large for how pointless nft's actually are.
Other people can probably explain it better though. I didn't even know what they were before the whole pinhead debacle.
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NFTs and cryptocurrency rely on an extremely complicated mathematical process for the entire chain of transaction and ownership back to their creation, in order to work as both a ledger of who owns what and means of verifying that, yes, this electronic marker has changed ownership--and to prevent anybody from faking it.
But, this takes enormous computing power. Consider that a modern GPU can use up to 350W, and the setups for these (though generally not using those monsters exclusively) are basically computers with half a dozen GPUs. And then crypto miners fill rooms with them. It adds up, worldwide, to using gigawatts of power on nothing productive.
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Even if you bring the underlying tech that NFTs use up to environmental and legal standards, NFT's are basically a gateway for legal lootboxes and gambling because lobbyists are going to try to push the narrative that given their "non-fungibility" they are "physical goods" or a "service".
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Then don't waste food I guess?
Just because one thing is wasteful, doesn't justify other forms of waste.
Also, I guess food waste can occur sometimes inadvertently, but we all need to eat food, so people are going to keep wasting food. There is no core human need, like hunger, that applies to owning NFTs.
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well, I wasn't saying to waste food, I just meant that I don't know the scope of the energy wasted by NFTs, but I do know the scope of food waste. (most of it is at the production stage, so not wasting it is out of my hands)
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Fair, ignore my first sentence I guess. My main point is that we have to eat food, and food waste is just something that occurs.
We don't have to have blockchain based proof of ownership of things (I suppose NFTs are different to using encryption for something like protecting your bank details, and they're also more wasteful). So NFTs don't meet any fundamental human need (like food does), but they have a massive environmental impact.
Also, who said food waste isn't a taboo? Most sensible people try not to do it.
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fair.
I'm just bitter. I just watched a documentary called "just eat it" recently.
it's all about food waste.
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Well good, we should be bitter for things like that, cause we're ruining the planet.
Spread the word about food waste, and now you can spread the word about NFTs as well 👍️
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heck ye!
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After learning about what nfts are, they anger me too, and I'm also disappointed in bhvr for doing this.
However, I don't see where any of that I effecting gameplay. Am I missing something?
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Post edited by DangerScouse on1
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It won't have any impact on your gameplay, but it will on the enviroment and LEDCs where electronic waste is dumped. Think long-term and globally in terms of effects, not just how you personally are effected, because the impacts are so much greater.
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Post edited by DangerScouse on0
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Exactly.
Post edited by DangerScouse on0 -
This is a non-sequitur. All I said was that your claim that "we don't have an issue with NFTs" is objectively and demonstrably false.
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Post edited by DangerScouse on0
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Fair. It is demonstrably false because there are people in this very thread who do have issue with NFTs, which actively contradicts your claim that we don't have issue.
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Ok will have to take your word for it as I know nothing about computers or cryptocurrency
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Post edited by DangerScouse on1
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You actively stated "We don't." That is objectively incorrect based on the people in this thread who very clearly do.
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Post edited by DangerScouse on0
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Basically lots and lots of energy usage for nothing productive towards society, far too great of a cost for literally nothing, most of which involves burning fossil fuels, which as we've known for years is very bad for the enviroment due to the amount of CO2 it releases, which in turn accellerates the global climate crisis.
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"If I said the moon is made of potatoes and spaghetti, and someone claimed it wasn't. Would that mean they are wrong to challenge me just because I said it?"
No, they would be very much correct in challenging you. Much like how I am challenging your incorrect claim that we don't have an issue. Cool, glad to know that you agree with me.
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I dont think that the "energy cost" argument works very well either, as it doesnt really make a whole lot of sense, due to people buying energy from energy companies. By this logic, people should be upset at the energy company for selling the energy, not the user.
Oh, people are angry at energy companies, as well as oil companies, gas companies, etc. However, we can also be angry at the people who purchase this energy which could be used to, oh I don't know, power the entirety of Argentina and instead use it to purchase copy/paste monkeys that look like #########.
Just for the record- a single NFT transaction can power on average one US home for a day and a half. Thousands of these happen each day. The daily usage of energy for these is on average to 25 days worth of power for a US home. Source:
So, yes, we have every right to the people using this energy for ######### all.
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Post edited by DangerScouse on0
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I never said whether or not I have an issue with NFTs in this thread. I merely called out your objectively wrong observation.
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out of sheer curiosity, why do you believe people are being disingenuous about their issues with NFTs?
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Post edited by DangerScouse on0
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Until you can objectively prove that they are lying (not that they are incorrect in their belief, but that they are LYING), then your observation is wrong.
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Post edited by DangerScouse on0
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Post edited by DangerScouse on0
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Post edited by DangerScouse on0
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Not how burden of proof works. You made the claim first that they are pretending to have an issue. Therefore, it is on you to prove that this statement is true.
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Do I virtue signal, and if so, what do I smell like?
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Post edited by DangerScouse on0
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I suspect you already know the answer to that question.
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Burden of proof is a basic concept of argument. If you cannot demonstrate that the claim you are making is true, then the claim cannot be taken seriously. So you either demonstrate that the people stating to have issue are pretending as per your claim, or your original post that "we don't" is wrong.
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Surely I smell like sweat from all the survivors I demolish. Ayy.
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Burden of proof isn't exclusively used in Courts. It's a basic concept of an argument- if you make a claim, you prove it. There are very few exceptions to this rule.
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Post edited by DangerScouse on0
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Fair comment 😁
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What about the people who actually do stop playing?
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