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

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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

I'd consider pretty much any hyped blockchain technology to be not very widely used, considering the amount of growth potential there is. That is, it's only going to get worse. Additionally, doesn't the computational cost of a single transaction go up all the time, making each transaction more harmful than the others before it? I'd like to see estimates about the future instead of statements about the present - preferably from independent parties instead of those pushing for the adoption of blockchain tech.

Last edited by Zkuq - on 30 January 2022

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Zkuq 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

I'd consider pretty much any hyped blockchain technology to be not very widely used, considering the amount of growth potential there is. That is, it's only going to get worse. Additionally, doesn't the computational cost of a single transaction go up all the time, making each transaction more harmful than the others before it? I'd like to see estimates about the future instead of statements about the present - preferably from independent parties instead of those pushing for the adoption of blockchain tech.

These platforms aren’t stagnant as time goes on changes can be made like with ethereum 2.0. You wanted to see example of efficient blockchain platforms with mass usage so that’s what I showed you some of many examples of that. 



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/



IcaroRibeiro said:

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 

See my post above, these systems still get hacked.

Electronic voting already exists. No need for NFTs and it doesn't solve any of the issues around voting.

The whole point of getting people to show up for voting with ID is to prevent fraud. Put out a bunch of anonymous NFTs, who knows who actually casts the votes in the end...



SvennoJ said:
jason1637 said:

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/

What I think is good or beneficial you might not care for and you probably don’t.

Personally I think Blockchain and NFTs are beneficial because they can verify digital contracts without developers having to build and maintain their own platform so they can allocate these resources towards other aspects. Not only video games but general NFT projects I’m general. 
Different blockchain platforms do different things and they all have their pros and cons, it depends on what’s the project and what they’re trying to achieve.

Crypto has its pros over banks, it’s more entry efficient, faster transactions, can be stacked against inflation.

Its very hard to hack the blockchain but it does happen (rarely). But hacks also happens in the banking system too with credit card info being hacked etc. 



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jason1637 said:

What I think is good or beneficial you might not care for and you probably don’t.

Personally I think Blockchain and NFTs are beneficial because they can verify digital contracts without developers having to build and maintain their own platform so they can allocate these resources towards other aspects. Not only video games but general NFT projects I’m general. 
Different blockchain platforms do different things and they all have their pros and cons, it depends on what’s the project and what they’re trying to achieve.

Crypto has its pros over banks, it’s more entry efficient, faster transactions, can be stacked against inflation.

Its very hard to hack the blockchain but it does happen (rarely). But hacks also happens in the banking system too with credit card info being hacked etc. 

What's faster than pay with tap? Beep, paid, done.

NFTs are just the receipt, developers still need to build and maintain the systems that deliver the actual digital item. A NFT on its own is nothing but a transaction saying you paid for a piece of content. The piece of content isn't part of it. It's an extra step that's not needed.

The only thing it would save developers is not having to implement a marketplace. But how difficult is that... It would only be more complicated to separate the sale from the items that are linked to your account. If you sell on your digital item, a game would need to recognize the transfer, remove the item from your account and activate it on the account of the person who now owns the 'receipt'.



SvennoJ said:
jason1637 said:

What I think is good or beneficial you might not care for and you probably don’t.

Personally I think Blockchain and NFTs are beneficial because they can verify digital contracts without developers having to build and maintain their own platform so they can allocate these resources towards other aspects. Not only video games but general NFT projects I’m general. 
Different blockchain platforms do different things and they all have their pros and cons, it depends on what’s the project and what they’re trying to achieve.

Crypto has its pros over banks, it’s more entry efficient, faster transactions, can be stacked against inflation.

Its very hard to hack the blockchain but it does happen (rarely). But hacks also happens in the banking system too with credit card info being hacked etc. 

What's faster than pay with tap? Beep, paid, done.

NFTs are just the receipt, developers still need to build and maintain the systems that deliver the actual digital item. A NFT on its own is nothing but a transaction saying you paid for a piece of content. The piece of content isn't part of it. It's an extra step that's not needed.

The only thing it would save developers is not having to implement a marketplace. But how difficult is that... It would only be more complicated to separate the sale from the items that are linked to your account. If you sell on your digital item, a game would need to recognize the transfer, remove the item from your account and activate it on the account of the person who now owns the 'receipt'.

Actually not devs of projects or games that implement NFTs don’t have to develop these backend things since the person connects their crypto wallet to their account and the item purchased is sent there . 



jason1637 said:
SvennoJ said:

What's faster than pay with tap? Beep, paid, done.

NFTs are just the receipt, developers still need to build and maintain the systems that deliver the actual digital item. A NFT on its own is nothing but a transaction saying you paid for a piece of content. The piece of content isn't part of it. It's an extra step that's not needed.

The only thing it would save developers is not having to implement a marketplace. But how difficult is that... It would only be more complicated to separate the sale from the items that are linked to your account. If you sell on your digital item, a game would need to recognize the transfer, remove the item from your account and activate it on the account of the person who now owns the 'receipt'.

Actually not devs of projects or games that implement NFTs don’t have to develop these backend things since the person connects their crypto wallet to their account and the item purchased is sent there . 

And who implements and secures the link between your crypto wallet and your account. Plus the developer still needs to make the back end to check your crypto wallet whether you still 'own' that item, or browse your crypto wallet to activate all the in game items that you 'own'.

It's an extra step, not needed, not wanted. It makes things more complicated than they need to be.

Same as when you buy an Amiibo, Nintendo has to make the connection (NFC reader), and program the game to recognize the code and activate the item in game. Yet at least with Amiibos you still have something tangible. An actual collectible once the games are no longer supported and the hardware (NFC readers) no longer function.



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

https://youtu.be/YQ_xWvX1n9g

Everyone should watch this



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