My Art Almost Destroyed the Environment - The Dark Side of NFTs & CryptoArt 

@Foesad 5150

lmao is just absolute BULLSHIT, this guy know absolutely nothing about crypto

LMAO at 6:00 the dude edit a piano

@@bonjourbonjour2754 they meant transparency into how people react to say. Everybody tries to act like they're all high and mighty and makes the right moral choices, but he clearly admitted all of his faults in this video which is something that is not often done. And of course he doesn't know a lot about me, that's why he researched it. And you don't really have to know a lot about cryptocurrency to know that this particular type of cryptocurrency is horrifically bad weather environment as it is right now

He is honest, but he's also wrong. Do your due dilligance and research it. Crypto is heavily moving to renewable energy, unless you're living under a rock, el Salvador has just made crypto legal tender, and are setting up volcanic powered facilities. And then go look at how much energy is used when everyone puts up xmas lights, more.

the legend himself

Hello Peter - I'm here for the same reason!

Thanks for checking out the video. Sorry to be a wet blanket on this whole thing. I was so pumped up and ready to dive into this world full force!

Do one peter!

@@TenHundred No need to apologize, you did the right thing, even if it's not the news we wanted to hear!

i saw Brad's video like an hour before watching this so oh thank god this comment is here

You should do another video on the environmental impact of nfts. Bud ideas :)

"so I decided to err on the side of not destroying the environment " - Mega props Brad. If only people were more altruistic like that.

Thanks so much for watching. I think I watched your vid in the lead up to me making NFTs.

If you think NFT's are bad for the environment, wait until you hear that high definition video accounts for 60-80% of web traffic, and at least 50% of the global electrical energy supply is from environmentally unsustainable sources, like oil and coal. Rough estimate based on an article published by the International Energy Agency has each view as the energy consumption of driving 1/10th of a mile, assuming that view is coming from a country that does not have a highly sustainable electrical grid (ie. US, where most web traffic is coming from). At the time of writing this I see this video as having around ~36,000 views, so that could have theoretically powered a car from San Francisco to New York and 1/5th of the way back. Ten Hun's most popular video at 1.9million views is equivalent to over 12 years of the average Californian's mileage. My point in writing this is not to be harsh, but pretty much everything that we do contributes to global climate change. Championing sustainability through avoiding something fairly inconsequential like a few hundred transactions on an overseas server does much less than pressuring your local and federal politicians to make lasting changes to our global energy supply, and pushing for sustainable initiatives that would fundamentally change our infrastructure for the betterment of society and life on Earth. After all, it has been shown that internet traffic at scale is not nearly as consumption-heavy as internet traffic at smaller volumes, and companies like Google have been able to effectively build sustainable infrastructure for their servers (although the consumption is dwarfed by that of everyday consumers).

This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.

But no one cares if it’s uploaded to the block chain I can just screen shot

@@marksamson932 Crypto mining is all block mining. It's not just the artists that are responsible here. It's everyone purchasing, trading, over-clocking, and upgrading their PCs to unfathomable processing speeds that's the real Carbon issue.

@@ultimatelyawesomeultranigh384 it’s not even on the block chain. It’s just a link that can’t be altered. So it will be code with a dead link in the future. I bet everyone wants to pay top dollar for that.

I really have to say that a huge amount of this is disinformation, and generated and propagated by people who have clear interests in ensuring smart contracts and NFTs aren't broadly adopted. People are making claims based on the Medium article and the cryptoart.wtf site and its research which are hugely separated from reality, and how blockchain, specifically ethereum OBJECTIVELY work. The amount of FUD and lies being spread is ridiculous.

repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

@@joshuadav10 This is the type of argument I come across a lot in my industry. Just because other industries produce waste and use energy doesn't mean NTFs should be able to too. People from home may be posting comments from iphones, but they are still able to make environmentally responsible choices like buying a used phone or using their current device until it no longer functions (then recyclingit); buying a bidet and going toliet paper free; minimizing flushing by being conscientious of water usage or getting toliets with smaller tanks installed; eating less meat; and buying an electric car if possible (or walk, bike, take publuc transit when possible). In addition to that, they can not contribute to NTFs. Before the video was posted, my husband and I were just discussing cryptocurrency and his explanation of why they're not environmentally friendly was the same as tenhundred's information. My husband is in IT. He understands the industry well. There is hopefully a future where we have learned to reduce our power consumption on an industrial scale, because individual contribution (turning off home light etc...) is still worth doing, but is so small compared to industry. And a future where we have predominantly green power sources. That will make the power cosumption arguments against NTFs negligible. And if people want to get more innovative they could find a way to heat a the building those computers occupy, haha. My stance will always be to reduce energy and material consumption, buy reused/thrift items as much as possible and recycle as much as I can. The idea that "well other industries use more power, so NTFs should be no problem" isn't the type of argument I can get behind. All industries should consume less.

The argument is not - and should not - be that NFTs aren't bad because we do other things that produce emissions; thats not the point im trying to make The point im trying to make is the SCALE at which these NFTs are supposedly being produce is wildly miscalculated and has spread from a tiny handful of sources unbacked by either peer review, and disconnected from how the technology works. As a scientist, I think you would agree that itd be better to have verified sources and preferably peer reviewed work - or at least an iota of understanding of the basic and fundamental mechanics of a technology before writing an article and causing panic 2. My friends are receiving death threats for making art and finally making money with it, because of disinformation designed to make people afraid of a technology that has existed for YEARS and for all intents and purposes has worked to improve its carbon footprint and in no way even remotely rivals the emissions of other industries, technologies and systems we use on a daily basis to post cat pictures from work.

@@Iradeza also i apologize, rereading my comment I really should have made clear, I don't want to suggest nfts are ok because other things are bad, the point of the comparison is to show A. Other industries produce a far greater carbon footprint B. NFTs aren't as bad and will REPLACE those

How much energy does RU-vid consume, and is it more or less than NFT's?

@@fishbrainLTD the thing you have to look it is the overall consumption per person. if the market volume of NFTS became something similar to youtube it would be an absolute disaster.

@@MFMArt got any stats on that, or just a big what if?

I hate when arrest care about that shit like there’s so many terrible things if you’ve ever participated in Bitcoin you’ve done terrible damage same with if you’ve bought an iPhone, the amount of different batteries you’ve consumed in your life has fucked up the environment so much ppl only pretend to care out only hope is technology saving us which actually will probably happen

@@goatpepperherbaltea7895 USD is worse than bitcoin comparatively. Buying merch with $ does far more damage than crypto

"Taking the time to do the research" A lot of that research, is unfortunately based on misinformation. He's an EXCELLENT human being for doing what he thinks is right by the environment, but has been at least partially deceived.

repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

He also was wrong and the website all these claims come from has been taken offline by it's author.

@@seemjibernadino6487 If you actually go to description, and find the link of the source, its not offline

@@oldtelephone Hey, thanks for the input. The website is still up. The tool has been taken offline. My wording was deff off here.

This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.

Stop Virtue signaling this is pathetic

@@marksamson932 are you a spokes person for etherum? What’s going on here.

16 hours ago but the vid upload like 7 minutes ago ^-^ explain to me

Hacker man

Well, imagine getting super rich off of this stuff, and in 10 years your daughter asks you how you got that money. Not worth it in the slightest.

@@rukaikyu Sometimes patreons get access to non-public videos on yt, which are already uploaded, but still set to private. Kind of an early access.

he missed out on way more than 500 bucks.. his work would sell for way way more..

It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.

@Merlin thanks for the positivity :)

It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.

Ecomi VEVE Digital NFT's are 100% carbon neutral and safe for the environment!

Did you know that Bitcoin uses nearly 1% of global energy ?

It takes energy to topple the fiat system and end the petrol dollar. The net benefit to the environment will be orders of magnitude greater than the energy cost.

This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.

Yeah, it takes a lot to do a complete u-turn on a project that was already finished. Props to him

This very platform uses more energy in one hour then all of blockchain combined that is based on scarcity. Do your homework and research. Stop listening to google and media. They are the 1% who want to crush art and everything that is beautiful of being human. ✌🏿♥️✌🏼💜✌️

Now go tell gronkowski

@@onesocialunited truth.

@@onesocialunited people read one blog post and are instantly convinced 😂 sheep

Thanks for being awesome

I am sure that you will enjoy profits from the sale of the prints, and the planting of trees is a wonderful bonus too! I am just another viewer and subscriber who commends you for waiting on the crypto currency at this time. Thank you for sharing this video!

You are incredible man. God bless you.

Oh, and on a lighter note, for some fun, joyful and nostalgic video ideas after this: Would love to see a ten hundred pokedex of your own pokemon or fusions of existing pokemon or just redone or re-attributed (like a fire version of squirtle or new elements for that matter). Even if it's just pokemon inspired, please Ten Hun...please make this video 🙏🏽 #tenhunpokedex

👏👏👏👏

... assuming someone wanted to millions for some youtuber's proprietary jpg... Which... Why? ... Just make memes. People who try to copyright memes are idiots.

Crypto is not bad for the environment change your tampon mary

It also allows people in third world countries access to a digital currency where they either don't even have banks, or they charge a lot of fees. I've tripled my investment of Bitcoin in a couple months and I could not have done it otherwise because of how capitalism "works." 🙃

@@grumpybear123 youre trying to get people to buy into bitcoin so you can make money. very transparent. people in 3rd world countries are also the ones suffering the most under climate change caused by your crypto currencies, friend. lot of those islands are sinking more underwater every year

@@grumpybear123 you're saying it as if third world countries are 100 years behind or something

@@amefuraggamuffin Lol I'm not trying to get anyone to do anything, I'm just sharing my experience. If I had left what little money I have sit in a savings account, I'd have nothing to show for it, yet banks use that money to lend to others and make interest off of it.

It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.

for your consideration: repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

@@joshuadav10 dang permission to copy paste this because the amount of misinformation about it's environmental impact makes my head spin. Finally a clear cut argument , it's important to see both sides of the coin.

@@lemonpie8819 yeah no sweat

@@joshuadav10 thank you for this.

@@joshuadav10 This truly reminds me of the fossil v. fusion. Yes nuclear energy comes with cons but it's not fossil fuel. It's not killing millions a year without anyone really knowing for a very long time. Nuclear energy is way better for the environment and us, that's with the waste included. Yes nfts arent great but that's a problem that stems from the setup of power grids and computer manufacturers. If they had ecological computers running on renewable energy then it'd be fine. The nft is not the problem. It honestly solves a lot of problems (now if we could only attack fast fashion the same way), it just needs better infrastructure to run on and it'd be more clean than renewable energy. Copying that comment and taking it with me. Immediately thought of kurtzstag and their most recent video on nuclear energy being way less deadly over a long period of time.

It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.

I had no idea what it was, but damn. Hopefully other people do their research and follow ten hun.

@@yaminogame7805 Its a little misleading. Most blockchains for nfts are not proof of work mining and use significantly less electricity (no more than running your computer(. Bit coins is not used for NFTS. Ethereum is currently still proof of work however it is switching away to proof of stake in the near future.

RU-vid used 200kwh last year. Bitcoin used 100kwh. Ethereum used 30kwh

stop watching youtube please, your digital footprint is too large

I feel guilty.. drives a fucking gas car, uses electricity at home and eats fucking gmo shit.. fvcking soft ass punanies hahaha more *ETHEREUM FOR ME* Thanks toots!

Its basically a jpeg that you have proof there is only one. It's the new hype like ICOs where in 2017. Yes, artists are making money and being "empowered". Everyone in crypto feels rich right now because everything is going up and to the right but when the bear market hits, this will be the first shit that goes to zero.

Creating collectables

These folks are only relaying a small chunk of what NFTs are. NFTs are essentially metadata sitting on top of digital money. It can be text, pictures, audio, video, whatever. When you tokenize something like this, it becomes unique, and non fungible (NFT), like if you traded a dollar for a Euro and wrote or painted something on it. Now, NFTs are not limited to art/music, and allow parties to transact and make contract together. So a person with no acces to dob/birth cirtificates, house/vehicle titles, insurance, ID whatever, can prove they live where they do, and engage in financial systems without documents the govt or corporations normally require when getting a bank account. NFT's and art are a small portion of the true revolution. and it's not nearly as ecologically devastating as people are saying it is.

@@joshuadav10 Alone NFS is not ecologically devastating. But the way that crypto works right now is.

@@BadCatArmin I'm inclined to agree to an extent, but not fully, because there are LOADS of different types of blockchain tech, and increasingly few of them rely on PoW to provide security and stability to the network

Yeah me too. I think the lack of awareness play a big role on why people jump right into it without hesitation or to further educating themselves upon this issue

Yeah, it's pretty crazy when you think about it. It's worth noting that this energy is not being used by a single computer, though. Instead, it's many computers working around the clock to solve the "puzzle" - this is the "mining" part - in hope of getting the "reward".

You should probably stop using your computer because of the electricity it consumes. And stop driving too because of the emissions.

@@ananta6113 for me it was the amount of money people were making. That was what pulled me into it honestly. I felt like finally, I can use my skills to be productive and use that money to help get myself and others around me out of debt. I knew mining required energy, and I knew gpu farms existed, but I didn’t realize it was so much energy. My own bias and greed blinded me to the fact that I shouldn’t jump into this either right now. Maybe in the future we will have a much more sustainable hold on this, but for now I’m going to wait. I hope others can do the same.

repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

Haha hi adc art attack!

Did you know RU-vid consumes more energy?

NFT would have stood for NOT FOR TRADE, but yea, feel old because you didn't know what NFT meant since half a century ago.

The network runs. If you do the NFTs or not there is no additional cost of energy. His youtube video created more pollution than an NFT would.

@@Midg-td3ty Not true! look into how NFTs work! One NFT could use up to the same amount of power as an average home for 30 days!

Accurately spoken, this is the best thing I’ve heard in a while. You’ve got my point

You have to understand that crypto trading is not magic, the best way to make lucrative trades is to work with an expert

You’re right man. Though I learnt that the hard way

I lost over $15000 when I started trading before I finally heeded to advice and contacted an expert who trades for me now

Something similar happened to me but I didn’t lose money. I traded with nothing to show for it until I contacted a pro broker who trades for me and returns profits

or just use Kodadot, which is on the Kusama Network, which is already live - or one of the NFT platforms on Tezos which has been live for years. Ethereum is bad for the environment (currently), Cardano is bad for the soul.

Zzzzzzz

This!!!

Exactly, wanted to Tell the same cardano is coming with their own nft support, maybe get in touch with them. They might be hyped to collaborate with you!

It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.

He did make a coloring book. Idk if its still there but it was on his website at some point

Cardano is Proof of stake and it's coming this summer.

thank you!

"Yo, these hater comments are wack. Let's collect them here: " Are you making comments up? All I see is people agreeing, I loaded every comment (not the replies though) and searched for the comments that you quoted, couldn't find them. Are all of these comments in the replies to the comments or did you make them up?

@@Liphzzy They are there. Not exact quotes, but that's the running theme. I'll get you some quotes

@@Liphzzy "did it ever occur to anyone the amount of energy it takes for your RU-vid video to be circulated all over the Internet through algorithms and search engines and all the other processes that may take? " "Doesn't making videos use and cause the use of electricity??? This is the dumbest argument that people could make" "Dude energy is part of the world even a real painting takes up space and takes energy to make dont worry the enviroment is not gonna suffer much coz of your one picture online" "But how much does youtube use? I think I kinda dont understand" "This pollution is happening anyways. They have been mining crypto for years. Might as well. We're all gonna die anyways" "well shoot I guess everyone better stop making RU-vid videos too. the power it takes to operate RU-vid must be extremely worse than NFT's"

@@Liphzzy You're right, I should have been more explicit that these were summaries. I misrepresented what I was saying, that's on me. I wanted to do exact quotes, but didn't want to beat a dead horse, so I summarized the arguments

@@aKingInGodsKindom Dude, it's not all or nothing. It's not an option of "no electricity" and "all the electricity you could possibly do!!" . He admitted he has a small business and as consumers of his content and march, we love the capitalist side of things. The problem is starting a NFT chain that, in one go, burns an ungodly amount of electricity. And it will just burn more the next time around. I'm down with small businesses, and capitalism, it got me everything I have. I'm also down for looking at something that is absurdly inefficient and saying, 'Hey, the value return on that amount of resources is too much, lets pump the brakes until it's more ecofriendly'

I watched your video. It was really good and did a much better job at explaining what NFTs are than mine.

@@TenHundred ha I appreciate that, I think you did a good job.

This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.

It’s not even bad. You’re using a computer right now, everyone using loads of computing power every day. Big banks don’t want people to move to electronic currency since their power is held with the physical dollar

Same here, maybe in the future when it’s more regulated and efficient. But I’m pumping the brakes right now.

. repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

@@joshuadav10 I seriously appreciate you take the time out to not only further inform others but having the patience to type all of that. 👏🏼

@@joshuadav10 @ten hundred this guy broke it down for ya, big banks power is not in crypto but in the dollar hence the rise in propoganda deeming nft's/crypto as "bad for the enviroment". Im sorry, you got bullied into this conspiracy.

People are not hungry for art.

Hmm... that analogy really doesn't add up. If no one used the train, the train wouldn't be run. If fewer people used the train, the train would be run less often, or smaller trains would be used. Also btw, an empty train obviously uses less energy than a fully loaded train... like... that should be immediately obvious to anyone, right? Similarly, if fewer transactions were added to the chain, fewer blocks would need to be verified, and there would be fewer rewards for verifying transactions. If no new transactions were added to the chain, then there would be no incentive to mine. If there was a massive uptick in transactions then there would be an increased demand for more miners and an increased incentive for miners to expand their mining capacity, as there would be more rewards up for grabs. The total energy consumption of a blockchain is absolutely directly connected to the amount of transactions added to that chain. It has to be, just based on basic thermodynamics. Computational work is still physical work, it is still subject to thermodynamic constraints like entropy. Actually, the connections between thermodynamics and information theory are super interesting. Anyways, if you could compute more things (i.e. change the information entropy in a system) without using more energy, you'd violate the 2nd law of thermodynamics. Basically, you would have made a perpetual motion machine which is usually not allowed in physics... unless you're Maxwell's Demon, but we don't talk about Maxwell's Demon.

Not until someone else turns your drawing into an nft without telling you lmao

@@mushmush4980 will that be possible? ,, i mean, isnt there anyway of doing something to those kind of thieves?

@@FREESRAF I mean there aren't any background checks to make sure the seller is the creator. The market is new, and it's a free-for-all. The only real check for them right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art theif hasn't already made one of yours. If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto now has more than enough money now to fight you in court.

It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.

Some calculations made for Netflix streaming say that streaming videos is something like using 600W device.

@Peter Draws ​ @Ten Hundred I don't know if y'all will read this but I hope you do. There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and assumes that somehow, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.

@@joshuadav10 I think the guys name was "Eric elliot" who made a video on how these "NFTS are bad for the environment thing" and shows how they are completely invalid 💯

repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/​ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them....

Yes Cardano is a proof of stake crypto!

Cardano to the moon

Ecomi VEVE Digital NFT's are 100% carbon neutral and safe for the environment!

I agree with this.

yes exactly Cardano is the future of Cryptocurrency

This is not only false, it's just straight up fearmongering. 1. re: no background checks - yeah, the same exists literally right now. I can open an IG, fake a small creators name reup their art and sell pirated prints. 2. re: you can't make your art if someone's minted it - literally OBJECTIVELY false. I can NFT the period at the end of this sentence, and you can, too. You can mint literally anything, multiple times, what is unique is the TOKEN. Just because I mint Mickey Mouse doesn't mean a.) I own mickey mouse b.) someone else can't mint mickey mouse 3. whoever steals your art has to pay real money to mint it, and more importantly, SOMEONE HAS TO BUY IT, and the people in the space know what they're doing so they're not buying art without verifying the artist's identity. The real issue would be is someone famous steals art, which happens ALREADY.

They ARE tradeable, just not able to be substituted. Like his analogy about money, you can't trade for something that counts as the same thing, because each NFT is entirely unique. Another analogy is like a fingerprint. Yours is unique and can't be substituted for another finger print. Basically it's like that, hope that helps :)