The Crypto Backlash Is Booming

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Ethereum Name Service

> I could go on. It is not inconsistent to dislike something for multiple reasons. Of course it isn't. I don't like NFTs but it dangerous to assume all NFTs fit in the above reasons. You can still have the following: > - They're typically hideously wasteful of energy. NFTs that are economically friendly: NFTs on Solana, Algorand, Avalanche, etc. > - Even if not explicitly scams, they represent a pointless and inefficient financialisation of bloody everything that no-one except crypto enthusiasts seems to be at all interested in NFTs that are useful: Blockchain Domain Names for identities. ENS [0], Solana Name Service, etc. We still pay for blockchain domains in order to renew them, just like we do for domains on ICANN expect that for the latter, the registrar can seize your domain and hike the prices up [1], for any reason where as the former is owned by you on the blockchain and no one can take it away. So which one is the true scam? All the other reasons such as NFT jpegs, NFT games, etc are all valid criticisms and demonstrate limited or no usefulness. But not all NFTs are like that. ENS (which is a blockchain domains service) is a great example of utility in NFTs. [0] https://ens.domains/ [1] https://news.ycombinator.com/item?id=29403773.

#Crypto #Web App #Crypto Marketplace 188 social mentions

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#Crypto #Online Payments #Web App 19 social mentions