@Mr_NutterButter im just tired of how nft artists will get death threats and blamed for global warming when the money that can be made from there is not just very profitable but not even that bad because crypto transactions don't even do anything environment wise 💀
people mention how bad misinformation is before spreading it because its something they dislike
b e a r d
@carlosruzu @Mr_NutterButter the actual transactions don't do anything but actually minting the crypto isn't exactly great for the environment. idk how bad it is or anything, but the problem lies within how it isn't a method of secure payment anymore but more like a stock to invest in so you have a shit ton of people doing it and it's really inefficient.
anyway about the art, the art isn't bad, the problem is just that it's low-effort. it's the same monkey with a different hat, but this other one has the same hat but it also has a goatee. shit like that.
@beardalaxy @Mr_NutterButter fair enough and I can't blame that view of nfts. a few things of note though:
1. The common stat thrown for the shit is "in 2021, ethereum transactions produced more than 47 million tons of carbon dioxide, a footprint that would require absorption by 823 million trees for 20 years to offset." which sounds bad until you realize that in context, computers in general create 35 million tonnes a year anyway and while 10 more isn't great, it isnt the doomer shitshow its made out to be https://greenmachinecomputers.com/co2-the-devastating-impacts-it-has-on-everyone/
Minting is a weird point that I havent heard of, so props on that. Doing google shitsearching, this website (https://indianexpress.com/article/technology/crypto/heres-how-bad-for-the-environment-are-nfts-7822511/) states that “Every time a bid is submitted for an NFT it costs 23 kg of CO2, every sale of an NFT produces 51 kg of CO2 , and every transfer of an NFT produces 30 kg of CO2.”. When combined with the knowledge that theres 3,200 NFTs sold per day ( https://earthweb.com/how-many-nfts-are-sold-per-day/), I caluclated that minting NFTs theoritcially make 131,984,000 kgs of CO2 yearly, which translates to 145,487.456 US tons. This isnt even assuming the big thing which is that this can all be prevented if the rig is set up on a renewable energy setup like solar so it just seems unreasonable to jump on shitting on them immediately
2. Yeah theres a lot of bad art. There's also good stuff though https://cryptoart.io/
@carlosruzu @Mr_NutterButter i mean, 10 million on top of what all computers create for just one type of crypto currency isn't that great of an argument if you're trying to justify its existence. i didn't know the actual transactions caused emissions though, that's interesting. to be honest i barely even know how crypto currency works and i've never used it. i use the OG private currency of cash xD
i think climate change is a thing that's happening regardless of whether humans are responsible for it or not, and so we should probably be investing in ways to adapt to the climate change than trying to reverse it because that ain't gonna' happen.
@beardalaxy @Mr_NutterButter fair and real take tbh.
@beardalaxy @Mr_NutterButter i think global warming is a fair concern but that said, crypto is far less lucrative for than say, making these corpos get what they deserve