Kecessa , 5 hours ago

Ok, I was in agreement with you (the concept of NFTs is great, what people do with it is dumb) until the environment part

Crypto, even proof of stake, isn’t energy efficient and never will be, the banking sector uses more energy but it also manages quadrillion in funds and transactions, crypto’s value as a whole is orders of magnitude less than that and there’s more energy spent per transaction than in the traditional financial sector. Crypto replacing banks and cash would be an environmental disaster.

Next, even if mining is done using green energy, it means that this energy isn’t used to reduce emissions in other, actually essential, sectors. There’s an environmental cost to green energy (what do you think was under the dam’s reservoir?) so having to produce more infrastructure just for crypto is wasteful.