Strong disapproval for multiple reasons. Environmental impact is terrible, and also it is a negative-sum ecosystem so anything that encourages more people to buy into it so that the people who previously bought it (or mined-in) can cash out is a bad thing.
Posted by ShitfaceMcGee (67.86.16.x) on March 16 2022, 11:30pm:
Glad to hear you haven't bought into the craze. Hope one day WinAmp finds it's way back to you.
Posted by Thiekus (36.82.97.x) on March 17 2022, 9:54pm:
Thank you for your thought. Couldn't agree more! Aside for reasons you mentioned, not mention that fake scarcity for virtual artificial things is fundamentally stupid. Physical collectibles things were still a lot worthy IMO.
Posted by PCPPCPPCP (132.147.121.x) on March 28 2022, 3:57pm:
Thanks for that David Rosenthal link - one of the best critiques of crypto I've read, and he has the history and technical chops to know what is up. The Winamp NFT thing though ... ughh, tasteless digital asset-stripping.
Posted by Squeakytadpole (65.24.107.x) on December 11 2022, 2:20pm:
I don't think you guys understand what a blockchain is or the power it brings to the people!!! I don't get it really but the majority of people can't grasp it. People scream out about the environment and nfts where is this talk about the 100s of other products that hurt the environment way more than mining. The blockchain is what makes a nft a one of a kind and valuable not the image or the ip but it being assigned a token numbers and able to be verified on the blockchain and tracked by anyone.
Posted by Maryellen Larkin (136.158.82.x) on June 9 2023, 2:51am:
@Squeakytadpole - Well OK, but it has been throroughly proven that NFTs and crypto aren't worth a crap. The energy costs are IMMENSE, even more so than literal IRL mining of rare-earth metals. It's either you give up your shilling and get over it, or drink some more of your electronic Kool-Aid and drown all your sorrows on it.