| TL;DR: Ethereum uses a lot of energy, we shouldn't use it for anything non essential because it wastes energy. Contrary to the article title, 90% of the arguments exposed are just rehashing why energy waste os bad, and why we shouldn't make use of it for NFTs.
10% of the article ("the many other reasons") is a critique of the art circuit and imho, a little ranty about how hard it is to get rich from art. The actually interesting part of the article is at the end, but its just an enumeration of the ways in which cryptoart world: * Cryptoart creates artificial scarcity for digital objects, creating an “original” which can be owned * Cryptoart recreates the some of the worst aspects of existing art markets * Cryptoart offers no intellectual property protection and there is no regulatory structure in place to keep copyrighted materials from being minted into and sold as NFTs * Cryptoart smart contracts offer no legal protection, and any talk of contracts baked into the NFT “requiring resales to cut in the artist” or “compensate gallery workers” depend entirely on the goodwill of the purchaser. The rest 4500 words are a repetition of how bad it is to waste energy, woth a note at the end about how the author was "never as bored with a subject to write 5000 words about it", which to me is pretty passionate. edit: formatting |