NFTs Are a Dangerous Trap • Hacker News Board

Re: NFTs Are a Dangerous Trap

#11

Post by nerbert » Sun, Mar 07, 2021, 4:47 AM UTC

ashkankiani wrote: post #6

etrabroline wrote: post #3

How much electricity is used refrigerating frozen desserts in the US? It's probably a lot. Probably more than a small country. Is ice cream an unnecessary and "dangerous" trap that we will all pay dearly for in the end? Probably.

I don't understand the point of this comment. It's almost schizophrenic in nature. Are you advocating for wasting energy by saying that wasting energy is fine because it's done in other places but not criticized?

It’s probably more like if we had a common point of comparison for all the energy spending points in our society we wouldn’t be focusing on blockchain that much.

Re: NFTs Are a Dangerous Trap

#12

Post by emptyparadise » Sun, Mar 07, 2021, 4:48 AM UTC

etrabroline wrote: post #3

How much electricity is used refrigerating frozen desserts in the US? It's probably a lot. Probably more than a small country. Is ice cream an unnecessary and "dangerous" trap that we will all pay dearly for in the end? Probably.

I think keeping food from going bad is a lot more useful than very inefficient digital signature verification.

Re: NFTs Are a Dangerous Trap

#13

Post by alexmingoia » Sun, Mar 07, 2021, 4:48 AM UTC

NFTs aren’t much different than merchandise artists and musicians sell. Tshirts, buttons, plastic figurines, stickers, etc.

The environmental critique rings hollow. Our economy revolves around this unnecessary consumerism. Why single out NFTs? Seems like sour grapes to me.

Re: NFTs Are a Dangerous Trap

#14

Post by moultano » Sun, Mar 07, 2021, 4:48 AM UTC

Tip the artists you love. If you want you can send them money by paying for prints, or buying originals, but ultimately just send them money. There's no need for it to be transactional. If there are artists in the world that make things a little more beautiful for you, you can just pay them for that, without any need for it to be tied to something concrete.

Re: NFTs Are a Dangerous Trap

#15

Post by chickenfries » Sun, Mar 07, 2021, 4:49 AM UTC

anonporridge wrote: post #8

The possibilities of NFTs fascinate me, especially for portable, digital identities and assets that transcend any specific virtual realm and can't be arbitrarily erased by any central authority. But I also won't put a single sat in any of them right now.

> The possibilities of NFTs fascinate me, especially for portable, digital identities and assets that transcend any specific virtual realm and can't be arbitrarily erased by any central authority.

I'm struggling to understand the possibilities. Can you enlighten me? It seems like people buying these things are just speculating. Can you paint a picture of what kind of possibilities you're excited about?

Re: NFTs Are a Dangerous Trap

#16

Post by dredmorbius » Sun, Mar 07, 2021, 4:50 AM UTC

NFT: non-fungible token. https://en.wikipedia.org/wiki/Non-fungible_token

Expand your acronyms, peeps.

Re: NFTs Are a Dangerous Trap

#17

Post by centizen » Sun, Mar 07, 2021, 4:51 AM UTC

snissn wrote: post #5

It’s easy for a famous entrenched artist who mass produces their work thanks to legacy infrastructure to talk down on this but I’m seeing lots of independent creator artist friends making some money for their work

It's also easy to discount someone's arguments by writing them off as an "entrenched artist" and implying their opinion is invalid and old fashioned.

I'm not so convinced, especially when Seth has been a major proponent of digital currencies and economies for decades now.

Re: NFTs Are a Dangerous Trap

#18

Post by sneak » Sun, Mar 07, 2021, 4:51 AM UTC

moultano wrote: post #14

Tip the artists you love. If you want you can send them money by paying for prints, or buying originals, but ultimately just send them money. There's no need for it to be transactional. If there are artists in the world that make things a little more beautiful for you, you can just pay them for that, without any need for it to be tied to something concrete.

Buying an NFT directly from the artist could be seen as this form of tipping.

Buying one from anyone else is clearly not.

Re: NFTs Are a Dangerous Trap

#19

Post by _Microft » Sun, Mar 07, 2021, 4:51 AM UTC

NFTs seem like an amazing opportunity to extract some money from people who got rich fast with crypto currencies ;)

Re: NFTs Are a Dangerous Trap

#20

Post by [deleted] » Sun, Mar 07, 2021, 4:52 AM UTC

Osmose wrote: post #10

snissn wrote: post #5

It’s easy for a famous entrenched artist who mass produces their work thanks to legacy infrastructure to talk down on this but I’m seeing lots of independent creator artist friends making some money for their work

What property of NFTs has suddenly made them make money where previously they weren't? Like how did adding NFTs to the mix suddenly make their art start selling?

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