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Forums - Gaming Discussion - NFTs are a force for good!?!

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IcaroRibeiro on 30 January 2022

Blockchain has its uses, but you can't have big blockchain networks because each hash need to be verified with PoW algorithm that is nothing more than brute forcing billions of keys of 64 bits until you find one that works 

It wasn't intended nor designed to mass market nor to store billions of transactions in a ledge. Remember blockchain hash mining output has a logarithmic function, meaning they become more scarce with time rather than more abundant. It's not sustainable to marketplace or trading 

What about using Blockchain to more meaningful applications, instead to build systems that don't actually need blockchain ? ?



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IcaroRibeiro on 30 January 2022
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.

We have digital currency already though. It's called internet baking. I don't use much physical money anymore, almost all my spending is done with credit cards and when the month ends I just pay it with my digital banking account 



SvennoJ on 30 January 2022
IcaroRibeiro said:
jason1637 said:

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

We have digital currency already though. It's called internet baking. I don't use much physical money anymore, almost all my spending is done with credit cards and when the month ends I just pay it with my digital banking account 

Yep, I haven't gotten cash out of the bank machine since the pandemic started. Tap everything by card or phone.



hinch on 30 January 2022
Kakadu18 said:
hinch said:

Back in the 360 era we got our first DLC in the form of horse armor. Now look at modern games.. we can't get away from it. And its not because most publishers/developers care for consumers. There's no way this is going to be used for any good.

DLC has something good though. Instead of needing to buy a third version for Pokémon games or an Ultimate version for Monster Hunter games there can be DLC and expansions. That said some games have way to much DLC, many JRPGs in particular.

If people buy NFTs when they get integrated into games the game companies are going to make more and more. And unlike DLC NFTs are environmentaly unsafe and you don't actually own the digital asset.

We used to have updates on games we play (on PC) pre DLC's. And expansion on games which can be thought of as DLC.

These days its a way to segment a game into different paying consumer groups. We have preorder DLC, collectors editions, pre-planned DLC and season passes to extract more money from paying consumers. Instead of you know getting full games on release, we pay more to get more content locked away. Not saying all DLC's are bad, because they allow publishers/developers to off support for their games but the way most go about it leaves a lot to be desired. And I have zero trust NFT's will be anything but used to be exploit consumers. Maybe even more-so than MTX's, if we enable them to.

Like do people really want to pay $20 Amibo to unlock a character in a game? Or a season pass for a game they may or may not enjoy. I don't see any benefit to having NFT's because what the OP describes isn't going to happen.

Last edited by hinch - on 30 January 2022

SvennoJ on 30 January 2022
jason1637 said:
Zkuq said:

Even when applied at an extremely large scale? Anyway, I'll believe it when I see it. Maybe blockchain technology will be more sustainable in the future, but until we're there, I'm against it. If we ever get to a suistainable point, we can start talking about actual use cases more seriously (which I'm not optimistic about, mind you, because there isn't much NFTs can do that hasn't been possible for a long time already).

Sustainable blockhain platforms are used in a large scale. For example Tezos last year carbon footprint was equal to that of the average footprint of 17 people and they had 33 million transaction last year.

https://tezos.com/carbon/

https://xtz.news/latest-tezos-news/tezos-in-2021-a-year-of-adoption-and-growth/#:~:text=A%202021%20summary&text=This%20year%20we%20had%2033,on%20mainnet%20were%20NFT%20related.

Solano last year had 20 billion transactions and energy usage equate to 1038 American households. BTW one solano transaction takes 65 times less energy than play 1 minute of a video game on the Playstation 5.

https://solana.com/news/solana-energy-usage-report-november-2021

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.



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jason1637 on 30 January 2022
IcaroRibeiro said:
jason1637 said:

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

We have digital currency already though. It's called internet baking. I don't use much physical money anymore, almost all my spending is done with credit cards and when the month ends I just pay it with my digital banking account 

But these credit cards are backed by physical currency and transactions go through banks.



jason1637 on 30 January 2022
SvennoJ said:
jason1637 said:

Sustainable blockhain platforms are used in a large scale. For example Tezos last year carbon footprint was equal to that of the average footprint of 17 people and they had 33 million transaction last year.

https://tezos.com/carbon/

https://xtz.news/latest-tezos-news/tezos-in-2021-a-year-of-adoption-and-growth/#:~:text=A%202021%20summary&text=This%20year%20we%20had%2033,on%20mainnet%20were%20NFT%20related.

Solano last year had 20 billion transactions and energy usage equate to 1038 American households. BTW one solano transaction takes 65 times less energy than play 1 minute of a video game on the Playstation 5.

https://solana.com/news/solana-energy-usage-report-november-2021

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.



IcaroRibeiro on 30 January 2022
SvennoJ said:
jason1637 said:

Sustainable blockhain platforms are used in a large scale. For example Tezos last year carbon footprint was equal to that of the average footprint of 17 people and they had 33 million transaction last year.

https://tezos.com/carbon/

https://xtz.news/latest-tezos-news/tezos-in-2021-a-year-of-adoption-and-growth/#:~:text=A%202021%20summary&text=This%20year%20we%20had%2033,on%20mainnet%20were%20NFT%20related.

Solano last year had 20 billion transactions and energy usage equate to 1038 American households. BTW one solano transaction takes 65 times less energy than play 1 minute of a video game on the Playstation 5.

https://solana.com/news/solana-energy-usage-report-november-2021

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.

Adding that. Proof of state Blockchain could be used to official nationwide networks, used by government for official purposes. As in PoS networks all "coins" are already mined/forged and the owners of coins only confirm their transactions. One usage for this: voting 

You build a blockchain network and forge a coin to each voter. Each person got their own coin and spend that with a vote. It's safe and cannot be hacked, everyone can easily vote from their mobile phones or PCs instead of using paper. Environment damage is severely reduced and won't have evil corporations managing the network... well unless the government is corrupt 

Of course I'm just brainstorming. An official application would need a more sofisticated system to prevent frauds 



IcaroRibeiro on 30 January 2022
jason1637 said:
IcaroRibeiro said:

We have digital currency already though. It's called internet baking. I don't use much physical money anymore, almost all my spending is done with credit cards and when the month ends I just pay it with my digital banking account 

But these credit cards are backed by physical currency and transactions go through banks.

Then I don't understand what is the issue. The problem with physical currency is it's expensive to produce/print, but you don't need to print every piece of money traded. Most of money today are nothing more than a series of bits stored in traditional HD databases from banks, and those don't need such high energy consumption to keep 



jason1637 on 30 January 2022
IcaroRibeiro said:
jason1637 said:

But these credit cards are backed by physical currency and transactions go through banks.

Then I don't understand what is the issue. The problem with physical currency is it's expensive to produce/print, but you don't need to print every piece of money traded. Most of money today are nothing more than a series of bits stored in traditional HD databases from banks, and those don't need such high energy consumption to keep 

The issue is that the banking system you’ve mentioned consumes a lot more energy than something like Bitcoin. I was just making the point to emphasize how crypto is unfairly criticized compared to the banking and physical currency system but that has its uses so it’s dumb to get rid of that like how NFTs have its uses with blockchain contracts so when done right it’a great.