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Jacob Collier was going to sell an nft that granted lifetime access to any of his concerts. That seemed like a not terrible use case for an nft. He changed hi
by ses1984 6y ago
Jacob Collier was going to sell an nft that granted lifetime access to any of his concerts.
That seemed like a not terrible use case for an nft.
He changed his mind when people pointed out the environmental impact of cryptocurrency.
- greenonions 6y agoDid anyone point out the environmental impact of concerts?
- ses1984 6y agoI think people are willing to accept the environmental impact of concerts. If you're not, then you'll quickly fall into the "no ethical consumption in a capitalist society" pit of despair. People can see the value created by a concert: the socializing, the experience. And they can take steps to mitigate the impact. How do you mitigate the environmental impact of a proof of work blockchain?
- yardie 6y agoIf each concert ticket generated the carbon footprint of a household for an entire month[0] then people may start asking questions if concerts are even worth it. [0] https://digiconomist.net/ethereum-energy-consumption https://digiconomist.net/ethereum-energy-consumption
- Can_Not 6y agoI believe that user meant the environmental impact of 10,000 people showing up to one place.
- toss1 6y agoThe actual impact might be surprising Heard about the 1970's gas crisis, that there was a move to ban auto racing, because of the "obvious waste" of racing cars circling tracka at <5miles/gallon, and stadiums full of people. Some studies were done. It turns out that auto racing didn't even make the charts in terms of fuel usage. What had the greatest environmental/fuel impact? Bowling. Yup, bowling. Competition leagues meeting daily in every micro-town and neighborhood, all the driving to & from the lanes... A couple dozen cars driving several hundred miles at 5mpg, once in the nation each week for the top series, even with 10K cars, doesn't make a dent. I'd expect concert tours, with a few big concerts per week, compared to constant heat generation of ETH miners is similarly gnat-on-an-elephant scale.
- systoll 6y agoAmong others, he did so himself. He didn't make the comparison, but his figures would put his entire touring history at ~2000 token transfers worth of emissions. Leaving aside, you know, the cost of performing -- this involves creating and transferring a lot more than 2000 'tokens' which grant people access to those performances. Thankfully venues just handle those with a database.