Originally posted by Serkevan There are some blockchain technologies working to reduce the carbon footprint - if (and that's a pretty big if) those take off, then yeah... otherwise it's iffy at best.
Originally posted by bertwert
Now don't get me wrong, I'm all for taking money from rich fools, but as Sandy points out the environmental concerns with blockchain technologies are real. It is just stunning to see how much electricity that crypto mining uses, heck, I've seen it been mentioned it's more than the whole country of Ireland uses! Now, electricity use is not an environmental concern in itself, but rather it's production is, which as of right now, the majority of it is not very 'green'... Until we see electricity being wholly made from sustainable sources (though this another discussion altogether) I'm not going to be a fan of blockchain usage and energy consumption, and even then, in my opinion energy consumption should be minimized wherever possible...
As I said to Sandy, about the environmental issue, that is a very real one. Personally, I do plant 250 trees for every Workshop participant joining me on my trips, to offset their carbon impact, and I funded the planting of over 13.000 trees so far. When it comes to NFTs, I am going to plant 250 / 500 trees according to the kind of work sold. Since a tree will absorb an average of a tonne of carbon each during their lifetime, I therefore will be compensating between one - and two-thousandfold for the impact of creating one artwork. Until power will come from renewable sources only (or from safe nuclear plants with no exhaust nuclear material problems), I believe that's the best I can do
Originally posted by aslyfox Art
I know it when I see it
and some of the things I see that other people call Art
is, to be kind, confusing to me
and this stuff is the most confusing of all
I wouldn't confuse Art itself with a new "way to deliver and market" Art. Everyone has their own idea of what is Art; NFTs are just a different way of owning it. I.e. if you think my photographs are art and want to invest in collecting it, until now you could only do so by getting a Fine Art print. Now, you can also get an NFT. Same art, different "medium" and different way to prove ownership and authenticity.
Originally posted by bertwert Something, something, a fool and his money is soon parted...
I would love to be one of those fools who bought a few grand worth of Bitcoin a few years ago, when people was telling them "A fool and his money...". Unfortunately, I have been very "clever" and didn't do that
Best regards,
Vieri