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Topic	NFTs are a scam right?
NFUN 04/12/21 5:46:11 PM #17:	Mac Arrowny posted... I believe the energy use comes from encryption. Basically the computer spends a long time encrypting the NFT to a huge degree, which uses a lot of processing power. you'd think, but it's not encrypted. it's in a blockchain, because the "value" isn't in the file, but in the verification that the specific instance of the file is authentic. the actual "physical" thing of the NFT is just a fucking URL to it hosted on some website NFTs are a scam, but that's mostly incidental. They're probably primarily a money laundering scheme --- Kneel... or you will be knelt <cite>NFUN posted [p:952760102] in NFTs are a... [t:79401827]...</cite> <quote>Mac Arrowny posted...</cite> <quote>I believe the energy use comes from encryption. Basically the computer spends a long time encrypting the NFT to a huge degree, which uses a lot of processing power.</quote> you'd think, but it's not encrypted. it's in a blockchain, because the "value" isn't in the file, but in the verification that the specific instance of the file is authentic. the actual "physical" thing of the NFT is just a fucking URL to it hosted on some website NFTs are a scam, but that's mostly incidental. They're probably primarily a money laundering scheme --- Kneel... or you will be knelt</quote> ... Copied to Clipboard!
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