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short | 4 years ago | on: Bye-bye, Bitcoin: It's time to ban cryptocurrencies

If you are genuinely interested, one nice example is this animated short series that sold out yesterday in half an hour: https://www.stonercats.com/faq

It sold NFTs (characters from the show with random properties, look at https://opensea.io/collection/stoner-cats-official for some examples) and each owner of an NFT obtains the right to view the actual episode when released. As these NFTs can be resold, people are collecting their favorite characters, bidding against each other. The makers of the series get a kickback for each sell

Because this is on Ethereum, this unlocks all sorts of other possibilities, some of which are described in the FAQ. Additionally:

* people could rent out their NFT in the future for others to view the episodes

* NFTs can be used as collateral for loans

* the makers of the series could distribute additional earnings back to the NFT holders

Of course, this is doable without a blockchain. But then it wouldn't have these directly on launch:

* a platform to sell the initial set of NFTs, publicly accessible and distributed provably fair

* a large number of wallets (and websites), all able to visualize the NFT to their owners

* a simple method of restricting access to the series to NFT buyers

short | 5 years ago | on: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

this is correct, I think solidity doesn't even run on a gpu at all

The energy usage of ethereum comes from the proof-of-work DAG, not the solidity execution. You can easily see this by running a (non mining) ethereum node, any decent CPU will churn through the transactions in blocks in a matter of milliseconds (~200 ms per block), not the 13 seconds it takes to generate that block

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