NFTs Will Change The Music Business More Than Spotify Did

[orthodox]

Big Corp, Big Media, Big Social, the video game industry. All in with their "NFT" too. I would not be surprised to see an official ntf.gov showing up one day too.

Let's see if we live to see it. Until then, NFT is a paradise for scammers making Ponzi schemes on it.

[bxbrkrz]

Big Corp, Big Media, Big Social, the video game industry. All in with their "NFT" too. I would not be surprised to see an official ntf.gov showing up one day too.

Let's see if we live to see it. Until then, NFT is a paradise for scammers making Ponzi schemes on it.

The gov may not call it "nft", but blockchain tech is a thing they would want to explore for easier taxation, and phasing out paper currency eventually to save the trees, the planet, and the children. Scammers obviously.

[killhamster]

I don't really foresee that happening. A slow, bloated, inefficient distributed database is the last thing the IRS needs.

[friday]

The gov may not call it "nft", but blockchain tech is a thing they would want to explore for easier taxation, and phasing out paper currency eventually to save the trees, the planet, and the children. Scammers obviously.

I hope that was sarcasm. The trees that are used for the paper currency against the energy that is used for hashing and building the needed computer parts on the other hands are a joke.

[PhillipOrdonez]

Let's see if we live to see it. Until then, NFT is a paradise for scammers making Ponzi schemes on it.

The gov may not call it "nft", but blockchain tech is a thing they would want to explore for easier taxation, and phasing out paper currency eventually to save the trees, the planet, and the children. Scammers obviously.

After watching those two videos I posted on this thread:
Blockchain would be the dumbest, most inefficient, slow, technology they would adopt. I hope they don't. It is stupid. Everything about crypto, nfts, all of it. It is all stupid. A waste of time and energy.

[altron]

NFTs are not a solution to an existing problem but a new problem to a non-existing necessity.

[Aosta]

I got into NFTs a few years ago before they went 'mainstream' to sell my art (like my avatar), looked shady as hell back then and nothing has changed.
I may have made a killing with them or I may have gained nothing but guess I will never know.
Life rolls on....

[bxbrkrz]

The gov may not call it "nft", but blockchain tech is a thing they would want to explore for easier taxation, and phasing out paper currency eventually to save the trees, the planet, and the children. Scammers obviously.

I hope that was sarcasm. The trees that are used for the paper currency against the energy that is used for hashing and building the needed computer parts on the other hands are a joke.

Normal money is actually a bunch of ancient mainframes running cobol in batch mode, where govt can edit money database whenever they want
1:58 PM · Nov 15, 2021

[bxbrkrz]

The gov may not call it "nft", but blockchain tech is a thing they would want to explore for easier taxation, and phasing out paper currency eventually to save the trees, the planet, and the children. Scammers obviously.

After watching those two videos I posted on this thread:
Blockchain would be the dumbest, most inefficient, slow, technology they would adopt. I hope they don't. It is stupid. Everything about crypto, nfts, all of it. It is all stupid. A waste of time and energy.

I still wish there were links with actual data as far as this global energy consumption everyone keeps talking about. I had the same question, energy wasted that is, when I see all the ATMs everywhere, running 24/7. Worldwide. I am glad they are running 24/7 so I can take my paper money out from time to time so I can buy food from street vendors, like avocados, gyros, or spicy fried chicken with rice. I always ask for that extra white sauce. Does anyone know what it is? It's pretty good. Thank you ATMs!

The Ethereum protocol is working on moving from PoW to PoS. Once that's final I wonder how people will feel about that.

Both videos were fun to watch. Thank you

[PhillipOrdonez]

The warehouses popping up full of high processing power consumption computers dedicated to solving stupid math problems to mine made-up useless coins hoping to get rich all over the world surely spend lots more than the current infrastructure of ATM machines which society needs in order to function properly.

[bxbrkrz]

And billions of links attached with the data. As usual.

[orthodox]

Just replacing paper money with digital one does not require mining coins. There could instead be emission centers, coin ids and bank checking, which would save most of the energy.

[bxbrkrz]

Just replacing paper money with digital one does not require mining coins. There could instead be emission centers, coin ids and bank checking, which would save most of the energy.

Centralized Decentralized Zero Carbon Emission Centers.

CDZCEC. Trademark it!

[orthodox]

Centralized Decentralized Zero Carbon Emission Centers.

There is a huge difference between signing a coin with a certificate just like any web browser/server signs each connection, and mining a coin with a battery of GPUs.

[PhillipOrdonez]

https://link.springer.com/article/10.10 ... 20-00656-x

[bxbrkrz]

Centralized Decentralized Zero Carbon Emission Centers.

There is a huge difference between signing a coin with a certificate just like any web browser/server signs each connection, and mining a coin with a battery of GPUs.

So you will not have any issues when the blockchain will move from PoW to PoS to PoA technology ? GPU mining will go away. I will finally be able to buy my NVIDIA cards.
https://www.techtimes.com/articles/2645 ... orithm.htm

ATMs are not safe, and the diesel paper money trucks are not good for the planet

[orthodox]

https://link.springer.com/article/10.10 ... 20-00656-x

Noteworthy figure:

[bxbrkrz]

Looks like the whole crypto planet impact killer industry is less than the whole transport industry, or the energy needed to power the servers managing billions of useless cute cat images people (in the industrial world) need to share every seconds.



So cute.

[orthodox]

Looks like the whole crypto planet impact killer industry is less than the whole transport industry, or the energy needed to power the servers managing billions of useless cute cat images people (in the industrial world) need to share every seconds.

We can't do much (and would never do anything) about cats, but the blockchain stuff could be cancelled.

[bxbrkrz]

Looks like the whole crypto planet impact killer industry is less than the whole transport industry, or the energy needed to power the servers managing billions of useless cute cat images people (in the industrial world) need to share every seconds.

We can't do much (and would never do anything) about cats, but the blockchain stuff could be cancelled.

blockchain stuff could be cancelled

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Use the app to stay up to speed on the fast-paced digital market of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin
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"We can't do much..."
True.

[avasopht]

After watching those two videos I posted on this thread:
Blockchain would be the dumbest, most inefficient, slow, technology they would adopt. I hope they don't. It is stupid. Everything about crypto, nfts, all of it. It is all stupid. A waste of time and energy.

I still wish there were links with actual data as far as this global energy consumption everyone keeps talking about. I had the same question, energy wasted that is, when I see all the ATMs everywhere, running 24/7. Worldwide. I am glad they are running 24/7 so I can take my paper money out from time to time so I can buy food from street vendors, like avocados, gyros, or spicy fried chicken with rice. I always ask for that extra white sauce. Does anyone know what it is? It's pretty good. Thank you ATMs!

The Ethereum protocol is working on moving from PoW to PoS. Once that's final I wonder how people will feel about that.

Both videos were fun to watch. Thank you

doesn't use a fraction of what cryptocurrency transactions use.

they consume orders of magnitudes more power for a teeny tiny fraction of the number of transactions an people using it.

to put that into perspective, real money is used by billions around the globe for several dozens of craploads of transactions per hour, while cryptocurrencies are used by hundreds of thousands around the globe for a much smaller and uninteresting amount of transactions per day yet uses several orders of magnitude more power.

PoW sounds cool. That doesn't mean people won't want cash. Cash is used for reasons that have nothing to do with a lack of technology - it's often a deliberate choice (usually to evade taxes or to just not leave a paper trail at all).

[orthodox]

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[avasopht]

Looks like the whole crypto planet impact killer industry is less than the whole transport industry, or the energy needed to power the servers managing billions of useless cute cat images people (in the industrial world) need to share every seconds.
So cute.

That doesn't make any logical sense.

It's practically word salad at this point.

How do I unsubscribe from this? It's getting spectacularly dumb now.

[bxbrkrz]

I still wish there were links with actual data as far as this global energy consumption everyone keeps talking about. I had the same question, energy wasted that is, when I see all the ATMs everywhere, running 24/7. Worldwide. I am glad they are running 24/7 so I can take my paper money out from time to time so I can buy food from street vendors, like avocados, gyros, or spicy fried chicken with rice. I always ask for that extra white sauce. Does anyone know what it is? It's pretty good. Thank you ATMs!

The Ethereum protocol is working on moving from PoW to PoS. Once that's final I wonder how people will feel about that.

Both videos were fun to watch. Thank you

doesn't use a fraction of what cryptocurrency transactions use.

they consume orders of magnitudes more power for a teeny tiny fraction of the number of transactions an people using it.

to put that into perspective, real money is used by billions around the globe for several dozens of craploads of transactions per hour, while cryptocurrencies are used by hundreds of thousands around the globe for a much smaller and uninteresting amount of transactions per day yet uses several orders of magnitude more power.

PoW sounds cool. That doesn't mean people won't want cash. Cash is used for reasons that have nothing to do with a lack of technology - it's often a deliberate choice (usually to evade taxes or to just not leave a paper trail at all).

At the beginning the car industry used an insane amount of wasted energy, used by a very small amount of rich people. Same for air travel. After a while both tech became better with its energy usage, and cheaper and easier for most plebs.
I expect the same with the crypto industry.

I believe you meant PoS, or PoA. not PoW. PoW is the one based on GPU power, the tech responsible for killing polar bears by the dozen every week.

[bxbrkrz]

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Buy, sell, and hold crypto with confidence
Use the app to stay up to speed on the fast-paced digital market of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin
https://www.paypal.com/us/digital-walle ... ney/crypto

They may quickly revoke the offer when it becomes banned/regulated.

Buying and selling cryptocurrency is subject to a number of risks and may result in significant losses. Please see our disclosure here for more details. PayPal does not make any recommendations regarding buying or selling cryptocurrency. Consider seeking advice from your financial and tax advisor. All custody of and buying and selling in cryptocurrency is performed for PayPal by its licensed service provider, Paxos Trust Company, LLC. Buying, selling, and holding cryptocurrencies is not regulated in many states, including the State of California. PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Buying, selling, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law.

I guess that global banning power should be regulated by the UN?