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Seems like even PG is succumbing to the hype of NFTs. I don't understand how this will be any better than just doing a donation drive and it could possibly be worse for the planet.
Has Mr. Graham done an honest calculation of how many lives will be lost to the environmental impacts of NFTs if they become mainstream?
Earlier quoted context omitted.
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.
> nor do they have an viral sharing feature. yet here we are...
[0] I already have forgotten their name.
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…
Of course, it is indeed a somewhat ridiculous moral money laundering scheme. I guess the main argument for it would be that NFTs are hot right now, and thus might attract more donations? That seems less than likely.
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?
And as others have said, 1 nft makes no difference to block production. and for the long term energy efficient solutions are in testing now (for likely deployment in Q4): https://rayonism.io/
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…
> I had hoped PG would write an essay on crypto/NFTs, as he seems enthused by them and is good at explaining things. What is there to explain? People who are invested in cryptocurrencies are hyping the equivalent of digital trading cards because it has the downstream effect of increasing the hype on cryptocurrency.
That doesn’t mean it will change the world. But I’m always interested in hearing from intelligent people who differ on why they think it will.
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.
> I'm going to donate millions of dollars to a life-saving charity, and in return they're going to manufacture and ship me a barrel of low-grade hazardous waste. Anyone who likes is welcome to try and outbid me for the barrel in order to raise even more money. Of course, I'll pay a bit extra to build a vault to safely store the barrel and minimize the risk of leakage into the environment. Afterward, we can calculate how many ounces of toxic chemicals it took to save each human life.
> Isn't it great how technology can help make a difference in people's lives? I'm looking forward to seeing what barrels of toxic waste can help us accomplish in the future.
EDIT:
> Oh, by the way, this has nothing to do with the fact that I have a lot of money invested in a company that makes and transports barrels.
Earlier quoted context omitted.
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
If it is $25 a token with 100k of them, these are not exactly non-fungible, isn't it :)
If the ~$1000 per life figure is accurate, the GiveWell[1] guys will be all over this. [1] http://givewell.org
https://www.givewell.org/research/incubation-grants/charity-...
It would be interesting to read about how it compares to GiveWell's recommended charities.