The new forums will be named Coin Return (based on the most recent vote)! You can check on the status and timeline of the transition to the new forums here.
The Guiding Principles and New Rules document is now in effect.
Penny Arcade - Comic - Afterburner
Dog
Registered User, Administrator, Vanilla Staff admin
Registered User, Administrator, Vanilla Staff admin
Penny Arcade - Comic - Afterburner
Videogaming-related online strip by Mike Krahulik and Jerry Holkins. Includes news and commentary.
+3
Posts
90s: Get our smartcard
00s: Join our website
10s: Download our app
20s: Buy our NFT
30s: Wear our implant
40s: Just buy our product and go away
Sounds like they're cancelling the free coffee reward program with extra steps to me.
Any use of NFT is overuse.
And also... I guess Starbucks doesn't know how to read the room? And haven't been following the NFT news cycle? And aren't aware that NFTs as a concept have basically crashed and burned and the idea is dead? And doesn't realize that they are so late to the party that the party is over?
It's marketing nonsense targeted at people who either don't know what an nft is, or are to far deep into crypto crazy to care that none of it even makes any sense.
It's possible they aren't using proof of work. In which case the energy impact would be about the same as any other database.
Which they could just use. Any other database. It is fine. There is nothing wrong with postgres.
That's not how this works... That's not how any of this works...
Electricity has to be generated, performing highly inefficient (by design) mathematical operations to generate arbitrarily large numbers for frivolous use cases is a massive waste of that electricity and the resources consumed to generate it. The laws of thermodynamics have a thing or two to say about this.
Carbon neutral means the electricity generation or product creation/function offset the carbon creation.
If we as a civilization manage to reach carbon free and plentiful energy generation, NFTs would still be a massive waste of electricity while simultaneously providing zero benefit.
While the "thing you own" can be an entry in a database, the actual "NFT" which shows you own it is an entry on blockchain. That's definitional. If it's not on the blockchain, it's not an NFT.
That said, most everyone criticizing NFTs understand that the NFT part of it is a totally unnecessary addition in almost every case, and DLC and such can easily be tracked without it (and has been, for decades). The NFT part is frankly relevant because that's the whole thing people are saying is stupid.
Neither of these use cases seems like a compelling reason to be interested in NFTs, as even the second can be managed with, Oh I don't know, a goddamb registry or something.
And that's been the trouble with every blockchain ever invented that I've heard of: every use that isn't flatly facilitating criminal activity is is a highly complex and very clever solution to problems that have already been solved considerably more simply and cheaply with existing methods.
I await my NFT NHS card with dreary anticipation.
Plus if I understand it correctly, the issue wherein if some party manages to control the majority of the nodes, they control consensus about your transactions with no effective redress. Which is very abusable, and surely no organizations or persons would ever seek out such a state.
Actually I wonder if the queen’s death caused a surge of buying crypto in commonwealth countries
It's also for people who don't care about the value of their money. My dollar isn't worth 10 dollars tomorrow, 25 cents the day after tomorrow, 4 dollars next week and a penny next month.
Except for edge cases like Zimbabwe, for any normal person, inflation doesn't hold a candle to this:
A lot of bitcoin owners' money is worth 1/3rd of what it was less than a year ago. "Raging" inflation of 10% seems like a dream in comparison.
Of course, all this ignores one point:
No one was even talking about bitcoin, you goose.
People who say they don't trust banks all the time. If they didn't they wouldn't ever convert or measure BTC in dollars. BTC also doesn't come with FDIC.
BTC has plummeted every time a government has cracked down on it. For all its ability to "circumvent government regulation" it seems to be very easily regulated or outright banned by governments.
And you forgot "BTC's value has far to much to do with how some multi-billionaire feels today".
To be fair, I did widen the scope of the discussion by talking about Blockchain in general.
However if Littlefoot wants a highly volatile, intrinsically useless hedge against inflation that is completely controlled by private entities that he cannot influence or seek redress from, he can also put his money into gem diamonds.
NB that bitcoin to the dollar graph is especially hilarious because the dollars that bitcoin is valued in are, erm, subject to inflation lol
Can I get a cold brewed enema?
Also it turns out that if you're annoying enough that the government starts paying attention then it, um, can get at your bitcoin.
Anyway taking this back to NFTs:
LOL
LMAO
NFTs
omfg im dying
Generally the civil asset forfeitures are money and goods, because going after a bank account is tough and requires a lot of paperwork.