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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by NelsonMinar on Sunday March 14, 2021 @01:29PM (#26457014)
Only you set a whole forest on fire every time you buy a print.
Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by grey-area on Sunday March 14, 2021 @01:41PM (#26457117)
And you don’t actually get the print, you get a number.

People are buying a number here which has no relation for he actual artwork. You own nothing but the number.

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by SwimSwimHungry on Sunday March 14, 2021 @02:30PM (#26457539)
We truly are in the era of more money than sense. I get that people want put their money into something other than virtually-worthless low-interest savings accounts, but where will we all be once the musical chairs stops?
Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by benreesman on Sunday March 14, 2021 @03:47PM (#26458297)
I don’t think anyone knows, but it’s starting to look like we might find out soon:

https://g.co/kgs/C5ZSHk

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by SwimSwimHungry on Sunday March 14, 2021 @10:40PM (#26462037)
Yeah I'm having a feeling we are gonna need to buckle up. It'll be a bumpy ride.
Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by kevinwang on Sunday March 14, 2021 @01:37PM (#26457092)
Source?
Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by Hjfrf on Sunday March 14, 2021 @06:38PM (#26460159)
Forest is a clear exagerration, but this article goes over numbers.

A few weeks of ordinary household energy usage per NFT is realistic.

https://www.loop-news.com/p/the-big-problem-with-nfts-energy

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by NelsonMinar on Sunday March 14, 2021 @08:41PM (#26461233)
No source but my poetic heart. But perhaps you've heard about the massive energy consumption of these magic bean systems?