101 upvotes, 3 direct replies (showing 3)
View submission: Introducing Collectible Avatars
I normally don't comment on these things. I understand that Reddit has a bottom line it needs to meet, so I don't think the complaints about site maintenance are always fair.
But this… this is bad. NFTs are predatory (a speculative market that incentivizes duping someone for profit), pointless (the same functionality could be accomplished with just a normal database), and harmful for the environment (just like all crypto—yes, even PoS). If you wanted to support artists and communities, you should be enabling means of direct support, not scraping fees in an artificial market.
Comment by Knowa-com at 30/10/2022 at 20:40 UTC
2 upvotes, 0 direct replies
An avatar market is ok, but get crypto and blockchain out of it. Use a traditional database with columns for SHA-256 key pairs. Much more secure and private.
Comment by TenFootMouse at 07/07/2022 at 21:23 UTC
-17 upvotes, 1 direct replies
How is PoS more harmful for the environment than you posting here?
Comment by exiledouta at 07/07/2022 at 20:38 UTC
-19 upvotes, 2 direct replies
Proof of stake is not meaningfully harmful to the environment and NFTs aren't inherently more scammy than any other technology. It's a way of allowing ownership to be managed outside of the control of the central entity. It actually makes sense in a way here because it would let you recover what you buy if you lose your reddit account for whatever reason.