3 ms·
Release Notes: Did you know an NFT is just a hyperlink to an image usually stored on a Google drive? ... WTF? We destroyed our planet for this? ---- NFTs ar
by chrisco255 5y ago
Release Notes: Did you know an NFT is just a hyperlink to an image usually stored on a Google drive?
...
WTF? We destroyed our planet for this?
----
NFTs are simply JSON and JPEGs and people have deluded themselves into thinking they destroy the planet. This is quite a ridiculous situation.
Blockchains produce blocks that get mined at regular intervals regardless of how much data or value is transferred with each block. The dubious argument is that since blockchains spend electricity to mine blocks that means they are destroying the planet. and therefore JSON and JPEG transfers are also destroying the planet.
Even if you believe this, your fight should be against dirty power plants and end there. But meanwhile, Ethereum is migrating to proof of stake before next summer and will become 99.9% more energy efficient. I'm sure that we'll still hear the trope though.