somehow we moved from "NFTs are cringe" to "NFTs are irredeemably evil" and i don't know how we got there
making fun of people for being cringe is bullying; criticising people for being evil is justice. so people have a strong incentive to reframe the former as the latter
And also NFTs are evil so you know.
"NFTs are evil” seems an isolated demand for virtue
the usual argument is that the blockchain consumes a lot of energy, and it does.
(perhaps you think NFTs are evil for reasons unrelated to carbon emissions. if so, ignore the rest of this post and do share your reasons)
according to this source, an ethereum blockchain transaction has a CO2 cost of about 110kg. that’s a lot! plane trips routinely emit way more than that, though. would you call someone evil for taking a plane instead of a train, or instead of not travelling at all if that’s an option?
what about carbon offsetting? climeworks asks for about 125 usd to offset that much carbon (climeworks is unusually expensive as carbon offsets go, but also their numbers are a less suspect). would you call someone evil for not giving away 125 usd to carbon offsets if they can afford to do so?
what about having an unusually carbon-expensive lifestyle? is someone evil for turning the AC on more often than they need to? for driving to work instead of biking? for not being vegan?
NFTs are wasteful, yeah. so are a billion other things people do that go unremarked. those don’t get called evil. why?
There is a massive, massive difference in scale here.
Etherium is one of the less bad cryptocurrencies when it comes to carbon emissions, and it’s still dumping over a weeks worth of an average US household’s electricity consumption on a single transaction. That’s any purchase or sale at all.
Sending your friend some cash? Week of electricity. Want to buy yourself a meal? Week of electricity. It lays out very plainly on the site that it’s the same as 244,773 VISA transactions for a single etherium transaction. It is not 244,773 times more CO2 heavy to take a plane instead of a train, or eating meat instead of vegan, or running the AC more.
Bitcoin is close to 10x higher than that. That is the per person equivalent of taking a flight from New York to London every single time that currency is used to buy or sell anything. That is hideously wasteful in search of profit, and it is absolutely evil. There’s no other word for that kind of waste.
This is all just the crypto side of it, which is also particularly rife with scams, instability, market manipulation, and flagrant pump and dump schemes. It’s unregulated--if someone steals everything from you you have no legal recourse at all. Coins have failed, exchanges have failed, massive hacks, you name it. People who have literally created cryptocoins are decrying it.
NFTs themselves hit all the hallmarks of a multi level marketing scam or, more charitably, the beanie baby craze where people are pouring their savings into something they are convinced is going to make them rich in the future, so long as new buyers keep showing up forever! And if that doesn’t happen then suddenly a lot of people have a lot of beanie babies or tulips or bored apes that are worthless because no one wants to buy them now and the price tanks.
As shareholders would put it, they’re all left holding the bag, and we’re all stuck dealing with the obscene amounts of CO2 emissions spent on something that is now utterly worthless.
That, in my opinion, qualifies NFTs (and crypto as a whole) as absolutely fucking evil.



















