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  1. #1
    Player
    ItMe's Avatar
    Join Date
    Jun 2020
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    Lumsa Lomsa
    Posts
    4,178
    Character
    Iiiiiiiiiiit's Meeeee
    World
    Sargatanas
    Main Class
    Arcanist Lv 90
    Quote Originally Posted by Mysticp View Post
    snip
    We were having a conversation, but after I dropped this with some sauce
    Quote Originally Posted by ItMe View Post
    Even biased crypto positive spaces like BeingCrypto outline a non-negligible impact,
    you proceeded to post (checks) 10 times on this thread and have responded to nearly everyone but me.

    I feel blanked, but I am still hungry for your sources that shows NFT's have a benign carbon footprint.
    This issue is really stressing me out.
    I want to change my mind.
    I want to be convinced there is nothing to worry about.
    Please share your data.
    (2)

  2. #2
    Player
    Mysticp's Avatar
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    Jan 2022
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    48
    Character
    Kriasa Arcanis
    World
    Lamia
    Main Class
    White Mage Lv 90
    Quote Originally Posted by ItMe View Post
    We were having a conversation, but after I dropped this with some sauce

    you proceeded to post (checks) 10 times on this thread and have responded to nearly everyone but me.

    I feel blanked, but I am still hungry for your sources that shows NFT's have a benign carbon footprint.
    This issue is really stressing me out.
    I want to change my mind.
    I want to be convinced there is nothing to worry about.
    Please share your data.
    Truth be told you will find very little on data. That article from the Verge made this point by saying the following:
    When someone makes, buys, or sells an NFT using Ethereum, they’re responsible for some of the emissions generated by those miners. What’s still up for debate is whether NFTs are significantly increasing emissions from Ethereum or if they’re just taking on responsibility for emissions that would have been generated by miners anyway. Without NFTs, miners would still be plugging away at puzzles and polluting. And NFTs are still a relatively small portion of all Ethereum transactions.

    Figuring out the culpability of NFTs is a little like calculating your share of emissions from a commercial plane flight, according to Joseph Pallant, founder of the nonprofit Blockchain for Climate Foundation. If you’re on the plane, you’re obviously responsible for a portion of its emissions. But if you hadn’t bought the ticket, the plane probably would have taken off with other passengers and polluted the same amount anyway.
    ----
    However as stated in my previous claim if you are worried about this I would not be. The insignificant impact of NFT will be reduced by several factors as most NFTs are on ETH. ETH is currently Proof of work and intensive in it's use. However, later this year it will move to proof of stake and be far more environmentally friendly.
    (0)

  3. #3
    Player
    ItMe's Avatar
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    Jun 2020
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    Lumsa Lomsa
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    Iiiiiiiiiiit's Meeeee
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    Sargatanas
    Main Class
    Arcanist Lv 90
    Thank you for responding.

    Quote Originally Posted by Mysticp View Post
    And NFTs are still a relatively small portion of all Ethereum transactions.
    This part is pretty disingenuous though.
    It's a relatively small portion of all Ethereum transactions... because Ethereum is used for far more than NFTs.
    That's like saying "Pickles are a relatively small portion of cash money transactions." That's true, but doesn't indicate how much people are or are not buying pickles.

    Even IF NFT's had a smaller footprint (which I guess we just can't fully know at this time so we should really not be going all in on it until we know it's safe) they will not have a small footprint collectively. As I mentioned in another post, even if SQEX made a single NFT of Y'shtola and only 1% of the playerbase bought it, early research indicates that would still consumes over 650 years worth of energy vs what an individual can make living in the EU.
    And we can expect that they are going to be making more than a single NFT.
    We can expect that their unknown impact, magnified by volume, WILL BE BIG.



    Quote Originally Posted by Mysticp View Post
    However as stated in my previous claim if you are worried about this I would not be.
    I wish I could share this perspective with you, but the most I discuss NFT's the worse I realize they are.
    (7)