Have to disagree, crypto currency is a dead end, but the underlying Blockchain tech is sound for use in other distributed/decentralised tech such has a secure voting system for example
Fair point, it would have to be employed has an alternative to 'parliaments' or referendums carried out physically by people traveling in fossil fuel consuming vehicles and other associated environmental impacts paper etc, rather than to ensure the authenticity of every Facebook poll
Even then, one NFT transaction has the electricity cost of a household use over a week. It's extremely inefficient. Driving to the polls is probably better for the environment, unbelievably.
The proposed voting systems I've seen have a lower transaction cost than bitcoin NFTs, but yeah without some concrete projections you could well be right, however I still maintain there are ways to employ a cryptographically secure decentralised proof of work system that won't fuck the environment
Have to disagree, crypto currency is a dead end, but the underlying Blockchain tech is sound for use in other distributed/decentralised tech such has a secure voting system for example
Oh my god imagine the fucking impact in CO2 if every vote was an NFT transaction, I'm losing my mind.
Fair point, it would have to be employed has an alternative to 'parliaments' or referendums carried out physically by people traveling in fossil fuel consuming vehicles and other associated environmental impacts paper etc, rather than to ensure the authenticity of every Facebook poll
Even then, one NFT transaction has the electricity cost of a household use over a week. It's extremely inefficient. Driving to the polls is probably better for the environment, unbelievably.
The proposed voting systems I've seen have a lower transaction cost than bitcoin NFTs, but yeah without some concrete projections you could well be right, however I still maintain there are ways to employ a cryptographically secure decentralised proof of work system that won't fuck the environment