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Maybe we could start minting coins or NFTs from captured CO2?
by pawelmurias 5y ago
Maybe we could start minting coins or NFTs from captured CO2?
- aperson_hello 5y agoThis would be an interesting approach! Not sure how it would work in practice, but it's a fun thought... And there could be inherent value there, especially as a carbon capture tax credit. Instead of proof of work or proof of state, it's proof of capture. You'd have to put together some kind of distributed capture hardware, but... That's maybe possible with current tech?
- nikanj 5y agoUnfortunately the fact that it has a clearly measurable value means it's price is pegged to that value. If this token gets you $100 worth of carbon emissions, it's hard to justify a price higher than $100. If the token gets you absolutely nothing, then the value is absolutely arbitrary - enabling spectacular rise
- aperson_hello 5y agoWhat if you tied it to a desktop carbon capture device (understood that these don't really exist currently)? Doesn't even have to be particularly efficient, nor tied to carbon credits.
- jpgvm 5y agoThere is already similar stuff being done as part of tracking for carbon credits. i.e https://www.forbes.com/sites/forbestechcouncil/2021/08/16/the-near-term-future-of-blockchain-tracking-carbon-offsets/?sh=581ab52d5790 https://www.forbes.com/sites/forbestechcouncil/2021/08/16/th...