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jason1637 said:
SvennoJ said:

Nope:

According to independent researchers Max Krause and Thabet Tolaymat, it takes 17 megajoules (MJ) of computer power to generate $1 of bitcoin and only 5MJ of energy to produce $1 of gold. In fact, bitcoin mining is nearly 15X more carbon intensive than mining an equivalent amount of gold (in dollar terms).

Yeah I said the banking and gold industry. Include banking into that and physical currency is way more harmful than digital currency.

What is the point? Is there any benefit to "the blockchain" or crypto or nfts? It's not decentralized because you need big centralized storefronts to manage it,  it's not a good form of currency due to rapid changes in prices, it's not a good form of digital authentication. Also it creates a problem rather than solving anything. The advantage of digital is there is no scarcity unlike with physical things but it wants to artificially create scarcity.  There are other ways to transfer digital games too and gaming is not about making money, it's about having fun. NFTs get in the way of that. Everything is not a commodity. Banking and the gold industry are a necessity in the system. No need to add useless harmful junk on top of it.

It is harmful if it does the things it promises and it is harmful in its real world effects. It's a solution looking for a problem and creating a lot of problems in return. 



Just a guy who doesn't want to be bored. Also