Re:Cryptoland [video]
by NotSammyHagar on Monday January 10, 2022 @02:14AM
(#29871549)
The cost isn't zero though, the environmental cost is huge for NFTs in general, just like the billions made on bitcoin are on the back of that.
Re:Cryptoland [video]
by bryananderson on Saturday January 15, 2022 @02:28PM
(#29949373)
That’s right, but the cost is externalized to the planet at large. The person creating the NFT does not bear the cost directly.
The ratio of perceived benefit (make money from selling shitty NFTs or shitty beats) to cost (essentially zero cost to mint a shitty NFT or create a shitty beat) is infinite, NaN, divide-by-zero. Of course this results in near-infinite supply and thus most people don’t make any money. But the zero-ish cost means the flow of supply doesn’t stop.