NFTs may be an even dumber and more toxic idea than bitcoin, and that is saying something seths.blog/2021/03/nfts-a…
it's a collectors item, except you don't actually have exclusive rights to the item, you just have a solved Sudoku that "proves" you "own" it. also the system somehow chews up more electricity than Serbia
"minting artwork on the blockchain uses somewhere between weeks, months, years, (and in rare instances decades) of an average EU or US citizen’s energy consumption." everestpipkin.medium.com/but-the-enviro…
it'd be hard to ban this stuff. but one thing you could do is figure out where these coin transactions are being worked out and add a 1 million percent surcharge to their electricity bill
study: "in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China." sciencedirect.com/science/articl…
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