NFTs are a force for good!?!

[SvennoJ]

jason1637 said:

SvennoJ said:

The problem with all those alternatives (proof of stake) is that it defeats the original purpose of crypto currency

https://www.cryptoeq.io/corereports/tezos-abridged

It basically puts the power into the hands of the wealthiest corporations, those that can afford to stake millions or billions even.

Solano has more holes:

Solana is not decentralized enough: Some crypto enthusiasts believe that there might not be too many disadvantages of investing in SOL, but this feature of the crypto is particularly considered as its biggest con


You can't have it both ways. Either centralized/governed and efficient or decentralized and secure yet harming the environment in the process.

So why not just stick with what we have.

I mean not really. Cardano is bigger than Solano with over 30 billion transactions last year and its one of the most energy efficient blockchain platforms while also being one of the most decentralized. Solano plans on adding more validators soon so I'll get more decentralized as time goes on anyway.

Every new 'solution' has it's own cons
https://www.cmnnews.live/the-cons-of-cardano-no-more-cards-left/

Anyway enough of this derailing with "look it can be energy efficient", that's not the point.

Why are they a force for good?
What problem do NFTs solve?
What is wrong with the system we have in place?

Which of the 100+ blockChains is more stable, more secure, more efficient, faster, cheaper and overall better than what's in my bank account right now.

It all just looks like get rich quick pyramide schemes to me. Nothing but new fancy stocks to gamble on.

At least gold mining produces material that actually has its uses.
Banks you can go to, sit down, get financial advise, a mortgage, a loan etc.

What do you get from blockChain? A key to a wallet stored in a file for which there are no guarantees. Unlike my bank which is so called 'too big too fail' and is fully backed by the government. I trust it more than withdrawing my money in gold and burying it in the back yard. (That would actually have increased in value quite a bit thanks to the pandemic)

It's not useful for every day payments. I can use my VISA card everywhere in the world. Don't have to think about, just tap. If anything goes wrong I get an alert and refunded. Every transaction earns me points and every other year I can buy a new laptop with that. Next to other benefits like travel insurance. All you have to do is pay it off monthly, which is nothing but a button press in a web browser.


Ethereum was recently hacked and now has 2 versions? How does that work or breed confidence...
https://www.pcgamer.com/cryptocom-reportedly-suffers-hack-losing-more-than-dollar15-million-in-ethereum/