Fanaelialae
Legend
Think of it like a digital certificate of authenticity, for a digital resource, with a fair amount of tech complexity behind it to try to ensure that other people can't forge a copy of your certificate.Authenticity of what?
Think of it like a digital certificate of authenticity, for a digital resource, with a fair amount of tech complexity behind it to try to ensure that other people can't forge a copy of your certificate.Authenticity of what?
As a world we have lots of energy production to replace with renewables. Until we're at a place where we've come close to doing that, saying it's ok to do something exceptionally energy wasteful because we can use renewables for it seems a bit odd to me. They could, for example, use any of the standard things above for distributing and authenticating, run it with renewables, and use the extra renewable capacity saved by not using blockchain to run the rest of their offices or sell it to the grid.There are ways to mitigate and even eliminate the energy waste by using renewables. It's been done, though admittedly most don't (because it cuts into short term profits).
And near inherent scamminess is not the same thing as as actual scamminess. Selling Amway is practically a scam, but I'm not going to call the police on an Amway salesman because, at the end of the day, it isn't an actual scam.
I don't agree that NFTs are inherently bad, or at least not moreso than many other things out there. M:TG cards have an inherent speculative aspect (if I buy a booster, it might or might not contain a card that is worth more than the booster itself, and the cards may appreciate or depreciate in value over time, in response to a variety of factors including the meta). They're also arguably not good for the environment (how many trees do you think they've cut down over the years for all those cardboard cards, not to mention the factories making those cards that could be powered by renewables, but probably aren't). That said, I don't think that M:TG is inherently bad.
Frankly, if you're seriously concerned about the environmental impact of NFTs, I think that your energy would be far more wisely spent on the promotion and implementation of renewables, which would render any concerns regarding the environmental impact of NFTs moot. They're bad for the environment because they're usually generated with dirty energy. The same dirty energy that likely powers the phones/computers of many of the posters here.
From my perspective, it seems that NFTs are just the flavor of the week of bad, akin to the satanic panic that vilified D&D back in the day. I think that they're a bad idea without a lot of redeeming value, and I'm instantly wary of any project that uses them. Despite that, I disagree that they are inherently bad. NFTs simply are new. It's what you do with them that is good, bad, or neutral. Based on the evidence presented so far, I think that this business plan seems more inherently neutral than bad (my opinion that it's a bad idea notwithstanding).
Has it been done though, really? Proof of stake is still essentially (and seemingly perpetually) a glimmer in Ethereum's eye. Who else has made it work, outside of pilot projects and vague promises?There are ways to mitigate and even eliminate the energy waste by using renewables. It's been done, though admittedly most don't (because it cuts into short term profits).
If you want that, do it with plain old public key cryptography.Think of it like a digital certificate of authenticity, for a digital resource, with a fair amount of tech complexity behind it to try to ensure that other people can't forge a copy of your certificate.
A quick Google search brings back plenty of results.Has it been done though, really? Proof of stake is still essentially (and seemingly perpetually) a glimmer in Ethereum's eye. Who else has made it work, outside of pilot projects and vague promises?
I was explaining what it was, not claiming that there weren't alternatives.If you want that, do it with plain old public key cryptography.
But then you don't get to have the ritual cutting down of a tree, flooding of a city, killing of an endangered species, or taking up of current renewable capacity everytime you need to check your ultra-secure hot-new-thing certificate of authenticity. ;-)If you want that, do it with plain old public key cryptography.
First of all, thanks for wading into this pool of (mostly) skepticism and snark to give us your firsthand experience working for the company.Hello everyone,
My name is Stephen, and I am the Lead Game Designer at GRIPNR LLC...
Since it is their baby I cannot see the need for blockchain nor do I see the value of digital "uniqueness"Think of it like a digital certificate of authenticity, for a digital resource, with a fair amount of tech complexity behind it to try to ensure that other people can't forge a copy of your certificate.
Unfortunately, because they would have little to no incentive to do so. I could potentially see a company choosing to offset the energy cost with renewables, because it's good PR (Tesla did this recently). Unfortunately, having a green office is just not as "sexy" in the general consciousness atm. Not saying that's how things should be, but I do believe that's how it is.As a world we have lots of energy production to replace with renewables. Until we're at a place where we've come close to doing that, saying it's ok to do something exceptionally energy wasteful because we can use renewables for it seems a bit odd to me. They could, for example, use any of the standard things above for distributing and authenticating, run it with renewables, and use the extra renewable capacity saved by not using blockchain to run the rest of their offices or sell it to the grid.