Live data from Hacker News

An NFT That Saves Lives

paulgraham.com

61–70 of 213 posts

Re: An NFT That Saves Lives

#61

This is peak absurdism. Why not simply donate the money? How is this better than a Kickstarter? How many lives could pg have saved by donating the billable time it took him to write this post? It gets even better, from the NFT article: > • What about the environmental costs? > We plan to make a significant carbon offset to mitigate the environmental impact of this NFT. Within one week of the closing of this auction w…

Aren’t there NFT marketplaces built on top of (minorly esoteric) proof-of-stake block chains now? If they’re even going to humor the environmental cost, why not just use one those? Am I missing anything?

Re: An NFT That Saves Lives

#62

This is peak absurdism. Why not simply donate the money? How is this better than a Kickstarter? How many lives could pg have saved by donating the billable time it took him to write this post? It gets even better, from the NFT article: > • What about the environmental costs? > We plan to make a significant carbon offset to mitigate the environmental impact of this NFT. Within one week of the closing of this auction w…

Marketing is effective and NOVEL marketing is very effective. Would we be talking about a spam post PG made begging for more money to be donated to another charity? We are here doing just that right now precisely because he involved the NFT angle.

Re: An NFT That Saves Lives

#63
post #49

I had hoped PG would write an essay on crypto/NFTs, as he seems enthused by them and is good at explaining things. But he explains nothing here. Noora seems good, but that’s a feature of Noora, not NFTs. As for what is going on, I looked at Noora’s post, it seems PG has placed the sole bid on the NFT, valued at $2.6 million at current market prices of ETH. In return he will get a token that says he did it. One part I…

> One part I’m unclear on: if someone outbids him, do only they get the token and pg pays nothing, or do both pay and are the contributions etched into the NFT?

No, only the person who wins the bid gets the token.

I typically defend the tech behind NFTs but this just seems like it's riding the hype of NFTs more than anything.

Re: An NFT That Saves Lives

#64

I'm not sure why this is an NFT other than trying to capitalize on the current craze. NFT or not, a charity should still "issue a public report tracking how this specific tranche of money is spent, and estimating the number of lives saved as a result". Having decent reporting on how efficient your charity is feels like it should be basic table-stakes in order to raise more money in the future. Is this really any diff…

I thought they would create 100k tokens at $25 so everyone could donate, but also the value of the tokens could go up in the future. That would've been cool.

But... no. It's a single token worth millions of dollars, so no one an actually participate, except PaulG himself

Re: An NFT That Saves Lives

#65
post #5

I don't think anyone understands that this is purely a "fun" thing to raise money. Yes, it's exactly like a donation drive.

Except for that it uses technology that harms the environment. I don't think this trend is "fun" compared to a normal donation drive when it has these negative side effects.

Does government backed fiat harm the environment? Do the militaries of the nations protecting their government backed fiat have a net positive or negative impact on the environment? Does the infrastructure required by central banks, retail banking have a net positive or negative impact on the environment?

I am not arguing blockchain in various implementations do not harm the environment, only that there are many external costs and collateral damage by the current systems which is often ignored. What is a "normal donation drive" after all? Is it a bunch of celebrities and musicians jumping on private airplanes? Is it a $10,000 per plate filet mignon dinner indirectly supporting bigAG and bigAG animal farming? What external costs have you contributed to just to make a post, are there plastics in your device, was coal burned somewhere or fossil fuel burned to supply parts to your device or charge your device?

Certainly this NFT is not saving lives, the entity behind it was saving lives before the NFT, and certainly they would have continued to save lives without the NFT, but if the NFT generates $2.5M and they can save 1 life with every ~$1,200, then there is a number. Maybe someone who really believes in the argument that saving 1,000 lives is good but not at the expense of the environment which will result in killing us all can step up and pay this entity double ($5M) not to do it, sure its a number reserved for the 1% but its also a number that means nothing to the 1%.

Re: An NFT That Saves Lives

#66

This is peak absurdism. Why not simply donate the money? How is this better than a Kickstarter? How many lives could pg have saved by donating the billable time it took him to write this post? It gets even better, from the NFT article: > • What about the environmental costs? > We plan to make a significant carbon offset to mitigate the environmental impact of this NFT. Within one week of the closing of this auction w…

> This is peak absurdism. Why not simply donate the money? How is this better than a Kickstarter? This reminds me of the Ice Bucket Challenge for ALS. Does pouring a bucket of ice water over one's head cure ALS? Obviously not. Did creating a trend that went viral help take strides towards curing ALS? Yeah! According to Wikipedia[1] this meme brought $220 million to ALS research. So I'm not sure you can simply say "wh…

Dumping a bucket of ice water over your head doesn’t cause severe environmental damage. This does.

Also, everyone likes weird videos of bad things happening to people. NFTs don’t have widespread public interest, nor do they have an viral sharing feature. Videos do.

Re: An NFT That Saves Lives

#67
I'm not sure why everyone is tripping here. He's about to save some fucking lives and you suddenly care about the enviroment for sending a mere 100 ETH?

Even if we are to look at the big picture, don't tell me you believe PG will be the sole reason everyone is going to pick up NFT donations now? It was going to happen regardless.

Re: An NFT That Saves Lives

#68
post #36

I don't get it. A non-profit is inherently a centralized entity. What's the point of using a blockchain in this scenario?

Destroying the environment I guess. And surfing on the sad hype that the NFT buzzword have.

Except that there are more power-efficient ways to build a blockchain than the Bitcoin approach. There's nothing inherent about NFTs that means they must destroy the earth.

Re: An NFT That Saves Lives

#69

This is peak absurdism. Why not simply donate the money? How is this better than a Kickstarter? How many lives could pg have saved by donating the billable time it took him to write this post? It gets even better, from the NFT article: > • What about the environmental costs? > We plan to make a significant carbon offset to mitigate the environmental impact of this NFT. Within one week of the closing of this auction w…

>This is peak absurdism. Why not simply donate the money?

You must not have heard of TITS coin.

https://titscoin.io/

Re: An NFT That Saves Lives

#70

This is peak absurdism. Why not simply donate the money? How is this better than a Kickstarter? How many lives could pg have saved by donating the billable time it took him to write this post? It gets even better, from the NFT article: > • What about the environmental costs? > We plan to make a significant carbon offset to mitigate the environmental impact of this NFT. Within one week of the closing of this auction w…

Marketing is effective and NOVEL marketing is very effective. Would we be talking about a spam post PG made begging for more money to be donated to another charity? We are here doing just that right now precisely because he involved the NFT angle.

Yes. PG essays reliably hit the front page. I can’t think of a single exception.

Obviously he can’t constantly ask for donations but the first ask certainly would have hit the front page.

As far as I can tell, no one has added more to the NFT. Maybe that will change with time.

Post reply on HN