Re:The Unreasonable Ecological Cost of CryptoArt
by marksbrown on Friday March 12, 2021 @07:04AM
(#26434856)
We need a functioning Carbon trading/tax regime. I don't care if does something useless with a computer, that's literally most people, I care that we don't make people pay the price of their insanity.
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Re:The Unreasonable Ecological Cost of CryptoArt
by grlass on Friday March 12, 2021 @07:15AM
(#26434942)
Indeed, targetting a specific industry seems like too focussed and approach that won't actually solve much.
Especially when you have e.g. the aluminium smelting industry that uses around 10x more energy*. Arguably more useful, but the externalities of using unclean energy for that process, and all other unclean energy consuming industries, should still be priced in.
If cryptocurrency miners want to use that energy, they can knock themselves out, but they should at least be strongly economically incentivised to do it in a CO2-minimizing way.
* (15,000 kWh per tonne) * (63.2 million tonnes annually) = around 948 TWh sources: - https://aluminiumleader.com/production/how_aluminium_is_prod... - https://agmetalminer.com/2015/11/24/power-costs-the-producti...
Re:The Unreasonable Ecological Cost of CryptoArt
by ddeyar on Friday March 12, 2021 @07:38AM
(#26435137)
And better infrastrucure. If theres a need for NFTs then just do it on a already PoS blockchain like tezos. The migration should not be that much of a deal. Infrastructure and community is there. Tools which would help to migrate smart contracts also. I think it is really the lack of knowledge, that there is a blockchain solving the actual problem.
Re:The Unreasonable Ecological Cost of CryptoArt
by danaris on Friday March 12, 2021 @08:02AM
(#26435372)
There is not, and will (likely) never be, a need for NFTs. They are a solution looking for a problem.
Some (mostly already very wealthy) people want them. That is not the same as a genuine need.