NFTs bad (it's not rocket science cmon)
don't do it, it's not worth it i promise you
-
You are certainly no rocket scientist. NFTs are great.
-31 -
it's not worth it!! gosh i'm really glad there's so many people in the feedback section fighting for them to drop crypto.
19 -
Prethor okay "member since today" think what you want but there is no way you're getting any sort of majority to sit here and let y'all damage the planet so you can have the privilege of paying absurd levels of money for the 'only copy of a jpeg'. something that was made up. because two jpegs of the same image are identical pixel for pixel.
15 -
quail egg You clearly don't understand anything about crypto or NFTs. Why do you think anyone should take your ignorant opinion seriously?
-24 -
Prethor say literally anything of substance challenge i understand what I'm talking about just fine.
13 -
quail egg You're the equivalent of a flat earther. You think you understand what you're talking about but you don't know anything and you're spreading your ignorance like cancer.
The banking system, which you for some reason don't protest against but even use, also uses absurd amounts of energy so that you can have the privilege of using it.
-21 -
Prethor i've got no qualms boosting this post here so why not.
Who says I don't protest banking? Do you know me? Do you know a single thing about me? Of course I protest big banks? But they don't use as much energy as Ethereum does, for as little gain in comparison. What's giving you the impression any one here is "pro big bank", we're just not talking about it. Don't scapegoat a completely different issue to attempt to make me come off as uneducated, it won't work.
The banking system does not, for only me, use that much electricity regardless. I know what I'm talking about, I'm confident that I know what I'm talking about. Dragging in inflammatory words like "flat earther" or "cancer" is not lending to your argument whatsoever.
You have yet to rebut a single point I've made to you, you have yet to even make a point of your own other than a baseless claim that I don't know what I'm talking about, and must therefore be stupid.
13 -
quail egg Yes, I know you twitter sheep. You don't protest the banking system. If you did you'd understand that crypto is the best and only alternative to a centralized, corrupt, thieving banking system.
How much energy does global banking use? How much energy does crypto use? Come on, dazzle me with the numbers.
-15 -
Prethor "Global Banking" is not an entity. I know that you're bringing it up specifically because 'global banking' i.e, every single bank in the world that services over 200 countries and are nationally specific, uses more.
I also know, that the majority of these studies are confined to Bitcoin alone. Not all cryptocurrency that exists and is being monitored. This implies that you're talking about a 100% move to entirely digitized currency for everyone, forever. Entirely ignoring the dangers this would bring to the global market, and the devastating effect this would have on impoverished people, homeless people, people who live off of cash, just as many other technological advancements have in the past.
Does that mean we should never technologically advance? No, of course not. But the world you are proposing comes with inequality pre-built in. Meanwhile, we have a corrupted banking system using up too much energy. Consolidating and unprivatizing these banks would significantly cut power use. But remember, global banking serves far more people at the time, and thus has the necessity of using more energy on account of there being nearly 8 billion people who must, because the system is currently flawed and needs to be dismantled, interact with the banking system in order to survive. Credit scores in the US are a must, for example. So therefore I must work with a bank. This is wrong, and it should be amended, but as i have said multiple times, I am not willing to do that at the expense of a world in which cryptocurrency is the only currency and I am also not willing to do that at the expense of the blockchain in addition to the basic necessities of human life.
I suppose you had supposed you 'gotcha'd' me, but this is a nuanced conversation. As it stands right now, Bitcoin, Ethereum, and all the other cryptocurrencies are increasing the environmental impact of humanity, and they are never going to stop doing that. Their solution to the problem of banking would leave far too many behind, we do not live in a world where 100% of people have access to the internet, so the world cannot be 100% crypto. NFTs are already negatively impacting beginner artists who don't want to see their art turned into Non Fungible Tokens. I remember distinctly when NFT sellers were stealing art off of the internet and selling it as an NFT. I can't say banking isn't corrupt, I can't say it doesn't use up massive amounts of energy, but I can say that it services billions upon billions of people. I can say that I believe the reckoning of the banking system is coming. But i cannot say the future is crypto.
11 -
quail egg "Global banking" as in the entire banking system which crypto can and hopefully will replace. Crypto is also global and can be used any place with an internet connection. That is why I'm comparing the whole banking system to the whole crypto market. If you knew anything about crypto you'd know at least that much.
So the entire banking system uses way more energy than the entire crypto market. Wouldn't it then be more environmentally friendly to completely replace the banking system with crypto? And that's just one benefit of crypto, there are so many so much more important benefits you would know about if you knew anything about crypto.
The poor people stay poor because of the corrupt banking system. The top 1% became 50% richer just during the last two years. Meanwhile you've lost 20% of your net worth because of the inflation created by the corrupt governments accompanied by the banking system. That is unless you put your money in crypto, if you did that then you've gained at least as much as the top 1%.
Crypto will become more energy efficient as time goes on and as an incorruptible currency which cannot be inflated away by banks or governments it can reduce poverty and become a safe store of value. The ONLY way to dismantle the banking system is with crypto, there is no other way. Also crypto will stay with us forever, it's like the internet. Once the cat's out of the bag it's not going back.
As to NFTs, they're just a tiny element of the crypto market and do not use up as much energy as you silly alarmists cry about. A single blockchain transaction uses as much energy as you sending me a message through the internet. Are you going to stop using the internet?
-12 -
Prethor The poor stay poor because they exist within a system of exploitation, and like it or not cryptocurrency is not exempt from that system. You eliminate the banks, exploitation still exists. You only do that to make room for cryptocurrency, the inequality gets even worse.
Crypto is unstable, and you're kidding yourself if you think that it's not. But sure, maybe it never disappears, that doesn't mean it's going to dominate the market. It's a voluntary participation sort of thing. I have seen cryptocurrency make the rich richer, and create a handful of success stories for everyone else. I see established celebrities and big name companies selling crypto to their buddies. It is not a force for equality.
And NFTs are functionally useless. I can do things with this message. I can have this debate we're doing right now. I am making adequate use of the energy required to do such a thing. Do I think I use too much energy? Yes. Do I hope to cut back on that where I can? yes. But the key difference is that the energy I use is for my life. I use it to communicate, I use it to keep myself housed. I can't choose to simply stop doing these things and know that I would make a difference. Meanwhile, crypto users could do that. They can choose not to buy an NFT, not to mine a bitcoin. Not to participate in something that is only popular because it makes tech bros feel smart. Not because it holds real genuine value. As taxes get implemented, and the get rich quick at the expense of the planet schemes begin to halt as China's allies follow suit and ban crypto outright, it will fade fast. The moment the people in power you claim will be defeated by this new era of crypto lose interest, it will lose momentum.
You cannot move a population without tech literacy as a global standard, to a crypto society like this. You would have to wait decade upon decade, waisting energy because it makes you feel superior to people who use real money. Sure internet's not going back, but it hasn't even reached everywhere yet. It hasn't even reached everywhere within the U.S nonetheless the entire global community. It's not feasible. And it's wasting the limited resources we have left. Banking isn't disappearing overnight, it is a global system backed by centuries of history that need to be contended with and fought against. But crypto is not one of the tools that will be used when the time comes.
A cashless society is a society in which the poor own nothing at all, because their 'assets' are just intangible numbers on the screen that can never be turned into something physical. Because you need banks for that. Something a hacker could alter, something that the government could easily take control of with absolutely 0 other avenues that exist in a society with physical money.
7 -
quail egg Banks are a huge part of the system of exploitation. I just gave you the example of inflation being used to steal money from the poor and give it to the rich. Crypto is immune to government manipulation, it's a level playing field where the poor have the same rights as the rich. Seems to me like a massive improvement but you're going to wait for your bloody communist revolution which will never happen, won't you.
NFTs are just like any other picture on the internet with the only difference being the blockchain integration which clearly defines ownership of an intellectual property. People no longer can pirate or copy the original without the owners permission. That is a huge step towards the monetization of digital intellectual property and it will help the artist who decide to publish their work as NFTs. It's the best solution to piracy we have and it will be integrated into every digital asset not just silly pictures. So in fact NFTs are incredibly important and will continue to evolve.
I choose to participate in crypto just as you choose to participate in the internet. You don't need the internet to live and it uses a lot more energy than mining bitcoin. You don't need to use a banking account, you can barter cashless. But you don't seem very eager to abandon these power hungry industries because you like using them. Well I like using crypto.
Crypto is still very early in development but by the time it's as popular as the internet it will be as easy to use and access. Also there are hundreds of millions of unbanked people who have smartphones and internet connection. Crypto allows the unbanked people the access to the financial system, a way to save money and send it globally. Millions of immigrants send money back to their poor families this way.
But you only hear about the nonsense about energy use. Who do you think spreads this nonsense? The banks of course, they want people to be dependent on their corrupt currency and chained to the financial system. And you spread this nonsense under the false pretense of protecting the environment but in reality you're only protecting the interests of the banksters.
You don't understand anything about crypto if you think that the government could take control of it or a hacker could hack it. Educate yourself.
-8 -
Prethor notice how no one here agrees with you? We do need internet to live, actually. Considering how we just spent the last 2 years of our lives. I could not have gone to school, I could not have gone to work. It's as asinine as implying homeless people don't need cell phones when they do.
Digital intellectual property is a dangerous ethical game that I promise you do not want to play. I have seen real artworks nearly destroyed in the name of NFTs, a world in which private ownership is so coveted that there is nothing sharable because it has all been claimed. Not everything needs to be owned.
I am eager to abandon power-hungry industries, but I am not so naïve as to do so without an alternative that I believe will support the people around me. If I didn't need to have a bank, I wouldn't have one. Crypto has been claiming to be the way to the future and in 'early development' for years now, and it's still the obscure, ridiculous thing that it always has been.
Also watch the bank conspiracies man, the only thing they're worried about is protecting their own profits. Crypto is no threat to them, the environmental concerns are raised by environmentalists. Every financial magazine, which absolutely has investments in banks, will sing praises because it is another avenue for profit. They aren't worried about maintaining banking, they're worried about being rich. There's nothing stopping them from getting involved, from making their money off of crypto. It's what companies always do when something profitable comes around. Like Exxon suddenly finding an interest in Green Energy. They have never cared about preserving the industry, they hardly care about 'controlling people', they care abt themselves.
But I'm not loving this banking conspiracy you're approaching beliefs rooted in antisemitism and I will absolutely refuse to engage if this is where this conversation is headed.
4 -
quail egg Notice how much I care about ignorant children's opinion. I'm not sure if you realize that people went to school and to work before internet existed. It's asinine to assume you need smartphones or the internet to live.
Private ownership is the only way for poor people to own anything. In previous posts you wrote how you wouldn't want people to own nothing. Without NFTs people own nothing online. Especially the artists whose work can be easily stolen. Everything needs to be owned, if you're not the owner of some asset then the government is and the government can take it away whenever it wants to or someone can just take it from you because it's not yours. You can share the things you own if you want, you have to share the things you don't. Does consent mean anything to you?
There is an alternative to the corrupt banking system. Is the decentralized digital cryptocurrency, owned by the people not any government or bank. Why do you think the banks and totalitarian governments like China are so afraid of it? Whose side are you on?
So unless you have a better alternative, and you certainly don't, then stop protecting the banksters. The story about the power usage of crypto is just propaganda and you swallowed it like a good little puppet.
Crypto is a massive threat to the banks. Imagine you can store and transfer your money anywhere in the world instantly and securely, imagine you get paid actual interest on your savings without having to give most of it to the bank, imagine a currency that can't be inflated away and stolen from you. Do you really think the banks are not afraid of losing all their profits to a better, faster, cheaper and honest alternative? When crypto becomes as popular as the internet we won't need the banks anymore since they offer no benefits over crypto.
The environmentalists have good intentions but are banks puppets, easily manipulated and easily outraged useless people.
And since you're already accusing me of antisemitism I know you're a garbage human who argues in bad faith. I am not trying to do you harm by telling you that banks steal from you. You know they do.
-5 -
Prethor
I'm not accusing you of anything. I'm saying the word choice you're using is dangerously close to. If anything it was a question to make sure that's not where you were headed. Forgive me, a Jew, for being wary about banking conspiracies involving social control.
Of course people worked before the internet, but that was a different society. People worked before cars, but it would be ridiculous to imply that nowadays it is not a social barrier to not have one. That places in business parks or strip malls off the highway require cars. The world adapts to the technology that is integrated into it. Such as the internet. My school district had to buy computers and internet access for thousands of kids just so they could go to school. People had to up their internet bill so they could handle going to work online. The world changes. You said yourself that crypto wasn't going anywhere, but society has not adapted to require cryptocurrency in the same way I need a laptop to succeed at college.
Right now, what people lack on the internet is a set of laws set to protect consumers from companies that sell their data. What people lack is personal protection, not the ability to own personal property. I saw with my eyes the beginning of the NFT market, and the way sellers stole art. Don't pretend to imply that NFTs are void of theft, because it is too late once your work has been stolen and sold. Someone else owns the rights they were never entitled to give off to begin with.
Artists are not en mass in favor of NFTs. I have watched the community of artists I follow and speak to and personally know lament how NFTs are harming their market more than helping them. Because it is now a status symbol to have an NFT. It doesn't help them, it helps artists with hundreds of thousands of supporters and always packed commissions. Crypto is a toy for those with money.
Banks are not the only problem with inflation, with extortion, with exploitation. Once again, we already exist within an exploitative system. You aren't going to create something that Wins Capitalism and makes everything fair. It is always going to mimic the systems surrounding it. Crypto isn't going to become as popular as the internet. There are far too many older people who have no interest in it, there are far too many younger people who care for the environment, and recognize the current importance of cash. The internet had no such issue. The internet was something new. It did not suppose to replace entire systems as crypto believes it can.
Environmentalists do more science and work than I do or you do, and I trust them well enough to know what they're talking about and to stand behind what they're saying. If they were so easily swayed we would not be able to have the climate discussions we do today.
I know banks steal, I know they extort and they loan and they charge interest out the ass and repossess and take homes. I've experienced that. They're designed to never have all the money they're meant to. That's why the Depression happened. I am under no impression that banks are benevolent. I know peer reviewed article from pseudoscience falsehoods, it's part of my major to know the difference. And crypto is not being opposed by pseudoscience.
3 -
quail egg You know you can use a bicycle or public transport for daily commute, you do not need to have a car. Especially if you live in a city. You using your car everyday is far worse for the environment than someone buying an NFT. So first reduce your own massive carbon footprint before complaining about someone else's tiny use of electricity for NFT purchase.
I don't know how old you are, probably too young to remember the early days of the internet. Imagine being a child in the 80s protesting against the internet because it uses a lot of electricity just to share adult pictures. You're being that child about crypto right now.
If you don't learn and understand crypto you will be left behind like all the people who thought that the internet is only good for one thing. And stop with this "all or nothing" approach. Crypto doesn't solve all of the problems but it solves a lot of them, like theft, extortion and government manipulation. Any improvement is worth the effort.
Crypto is opposed by propaganda. A half truth. Yes, it uses a lot of energy. That's true. Here's the rest of the truth. Crypto uses mostly green energy and is the industry that transitions out of fossil fuels the fastest. Banks use more energy and resources than crypto, they also do not use green energy nor do they put any effort into transitioning into green energy. Crypto can completely replace banks within 20 years and move to 90% green energy even sooner.
So why exactly would you protect the existence of banks and oppose the adoption of cryptocurrencies? Why do you believe the propaganda instead of doing your own research?
-4
Please sign in to leave a comment.
Comments
16 comments