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A comment on It is difficult for the average person to conceive of how useless NFTs are. Parent comment

Re:It is difficult for the average person to conceive of how... by judge2020 on Monday January 10, 2022 @10:26AM (#29876259)
The complexity of a NFT system provides a benefit to the company by (A) offloading processing power to people who might be making some money from 'mining' the chain, and (B) not having to run your own marketplace system, while still getting a percentage of TX fees.
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Re:It is difficult for the average person to conceive of how... by spywaregorilla on Monday January 10, 2022 @10:37AM (#29876444)
If people are mining it, then the processing power required has just gone up by multiple orders of magnitude and is now vulnerable to third parties controlling the mining.
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