Connect with us

Featured

Are NFTs Killing our Planet? The Darkside of NFT Explained

Published

on

NFT

NFTs have exploded in popularity since the beginning of 2020. With the astounding rise in sales by 1,700% between December 2020 and February 2021, the newest tech sensations have led many artists to earn millions over the auction of a single picture.

However, there is a dark side to these digital assets. NFTs may be the future of digital art – but they are putting our planet’s future in grave danger.

So, what are NFTs? Are they bad for the environment? What makes them so dangerous for the planet? And, is there a future for green NFTs?

What are NFTs?

NFTs are being heralded as the next big thing in the high-growth crypto investing world. These tokens, which are seen as the digital equivalent of collectibles, have already attracted millions of dollars in investments in a range of NFTs and NFT-related enterprises. 

But, what exactly is NFT?

The idea of cryptocurrency is that each unit of the currency is interchangeable. They are all identical and worth the same amount; therefore, they are known as a fungible tokens. NFTs, on the other hand, are Non-Fungible Tokens.

An NFT is an information stored on a ledger maintained by a distributed network. However, each NFT is different from one another; therefore, not interchangeable.

My Trap Card NFT (which was sold for $17,000)
My Trap Card NFT (which was sold for $17,000)

NFTs (non-fungible tokens) are gaining traction in the digital world, and they may take the shape of artwork, music, metaverse real estate, and even selfies. They provide new ways for artists to profit from their work, as well as a means for purchasers to support creators while also gaining the bragging rights of having exclusive content. However, they have faced criticism for their environmental impact.

But, what makes NFTs bad for the environment?

Are NFTs Bad News For The Environment?

Yes, NFTs have a devastating impact on the planet. And one of the primary perpetrators behind NFT’s environmental impact is mining. Mining is a procedure that uses enormous processing power and energy to solve complicated mathematical problems to ‘mint’ an NFT on the blockchain and hand over the ownership to the buyer.

Ethereum, an open-source blockchain, is the most popular marketplace for NFTs. To construct these digital assets, Ethereum employs a purposeful inefficient ‘Proof of work‘ (PoW) approach.

Powerful computers can try an infinite number of new block creations each second. And the first miner to find the solution is rewarded with their unique assets, which are then added to the blockchain.

However, the puzzle becomes even more complex as more money fuels the NFT industry and more computers join the race to solve the problems. To stay competitive, miners constantly need to upgrade to higher computing power, large warehouses, and more powerful cooling systems. Thus boosting the carbon footprint.

Take, for example, Space Cat,‘ a GIF NFT of a cat traveling to the moon in a rocket. According to Crypto Art, the Space Cat’s carbon footprint is the same as an EU resident’s electrical usage for two months.

Finding the Worst Offender of Carbon Footprint

Given a sequence of steps involved and little to no research in determining the emission during each stage; finding out the actual carbon footprint of each NFT is challenging.

However, we know that Ethereum is one of the most carbon-intensive NFT platforms. Thus any digital asset purchased through it would have a significant carbon footprint.

Unfortunately, most NFTs today are stored in the Ethereum blockchain that operates on a proof-of-work (PoW) model. Digital Artist Akten examined the carbon emission of 18,000 NFTs and discovered that an average digital asset uses energy equivalent to a month’s worth of power consumed by an EU resident.

The PoW system of Ethereum consumes over 31 terawatt-hours (TWh) of power every year, an approximate equivalent to the annual energy usage of Nigeria.

“Since NFTs are getting mainstream, more people are transacting on Ethereum. As long as proof-of-work still exists in that chain, the environmental impact is still high,”

Angeline Viray, a trader and investor in NFTs and cryptocurrencies

Is Proof of Stake (PoS) Model the Way to Green NFTs?

Thre are two widely used blockchain consensus for cryptocurrency and NFT that ensures the legitimacy of the transaction on the network:

  • Proof of Work (PoW)
  • Proof of Stake (PoS)

While most networks today operate on a power-intensive PoW model where miners are rewarded for solving a combination of ‘digital locks,’ PoS might be the future of green NFT and the crypto industry.

PoS is when a validator (a person in charge of validating a transaction on a blockchain) holds a portion of their crypto holdings as collateral (stake). The system periodically awards one of the validators with the ability to produce the next ‘block’ in the blockchain.

However, there are still a lot of hurdles for PoS to become the primary consensus tool of the blockchain networks.

For one thing, shifting to the PoS model while maintaining functionality is quite challenging for blockchain. Furthermore, because specific systems favor validators willing to gamble the largest amount of stake on the line, the process may drift towards centralization (opposite to the core of blockchain tech, i.e., decentralization). Moreover, the consensus is yet to prove its security as PoW already has.

Ethereum, on the other hand, claims to have made progress toward a proof-of-stake paradigm. According to Tim Beiko, the coordinator for Ethereum’s protocol developers, the ultimate transition will minimize Ethereum’s environmental effect by 99 percent.

NFT Industry Towards a Cleaner Future

The energy consumed in generating and operating NFT platforms is enough to power large countries like Argentina and Nigeria. But should this really be prioritized when so many people worldwide still lack access to dependable power while many are already suffering from the consequences of climate change?

However, the bright side is that the crypto and NFT industries are now marching toward a more environment-friendly future. Furthermore, there does seem to be a push in the crypto industry for more sustainability. Therefore, from the current trajectory, we can expect to see an increase in renewable energy and a steep reduction in emissions in the near future.

https://mzemo.com//2021/06/27/cryptocurrency-sustainability-or-a-climate-calamity/

Featured

Muslims have more reasons to hate the US than the other way around

Published

on

Muslims hate the US

I don’t think that most Muslims hate ordinary Americans who believe in the general principle of “live and let live.” Moreover I don’t think that most Americans would unhesitatingly embrace Israeli Nazism if they had the chance to know the truth about Israel e.g. that it is a criminal state par excellence based on ethnic cleansing land theft and racist and religious discrimination.

Unfortunately most Americans are spoon-fed Jewish propaganda from early childhood. This creates a virtual reality in America’s collective mind about Israel a virtual reality that is nearly completely disconnected from the real reality in Israel-Palestine.

For example many Americans are made to think that Israel and America have much in common in terms of democracy. However the truth is that democracy in Israel is more or less confined to Jews while non-Jews are systematically discriminated against. Their land is confiscated their homes are demolished and their rights and dignity are trampled upon.

And when they seek redress at Jewish courts they discover that non-Jews can’t possibly hope for true justice and equality under Jewish rule. Ask non-Jewish Americans who have been living in Israel and you will hear a lot of hair-raising stories about the Israeli “democracy.”

Some Americans are so brainwashed that they are willing to claim that Muslims hate America for its freedoms.  This is what Georg W. Bush probably the most ignorant President America has ever had once claimed.

The truth of the matter however is that most Muslims hate the US government for embracing tyrannical Arab and Muslim regimes that torment their own people by denying them natural freedoms and civil liberties as well as the right to freely elect their own governments. This is in addition of course to backing and supporting Israel’s Nazi-like policies including ethnic cleansing and settlement expansion at the expense of the native Palestinians.

It is really scandalous that while Americans boasts bout their First Amendment freedoms successive American governments have consistently embraced despotic regimes abroad. In many instances the US intervened either brazenly or behind the scenes to destabilize or overthrow democratically elected governments such as in Iran Chile and the occupied Palestinian territory.

Of courser America’s days of infamy are too numerous to be counted. For example we all tend to view Adolph Hitler as the ultimate embodiment of evil. However it is historically true that the US its allies Stalin Mao murdered more people than the Third Reich ever did.

America wanted to be looked upon as a moral example to be followed. But the beacon of light eventually turned into a ruthless beastly power where military might took priority over moral power.

Take for example America’s stand over Israel. For decades the United States enabled Israel to violate every international law and norm and commit every conceivable crime under the sun including murdering children by raining on them White phosphorus.

This is the same America that allows herself to judge the world for human rights violations while enabling Israel diplomatically politically and mainly militarily to pursue decidedly Nazi-like policies against the Peoples of the Middle East.

Watch the ongoing genocidal onslaught which against our helpless and unprotected people in the Gaza Strip. Some of you might be prompted to think that I am indulging in excessive exaggeration when I speak of a genocidal onslaught.

But I am not. Otherwise, how else can we describe a condition where hundreds of ultra-advanced war planes rain missiles and laser-guided bombs from high altitudes on apartment buildings, homes, and civilian neighborhoods packed with men, women and children? Yet, this is exactly what Israel has done¸ murdering , maiming and incinerating thousands of innocent Palestinian civilians and utterly destroying tens of thousands of buildings.

Read Also: Jewish Nazism is reality not fiction

Israel effectively destroyed Gaza, murdering and maiming untold numbers of civilians. Gaza, more or less, became the Dresden of Palestine. And the whole world looked on rather passively as if the killing-field and the shockingly pornographic destruction of life and property were occurring on a distant galaxy. we are not really talking about war, even an asymmetrical war. We are actually talking about a real massacre, a massacre that is reminiscent of the time when the Nazis ganged up on European Jewry 70 years ago.

The macabre scenes of decapitated and badly-mutilated children were too shocking to be described in words. Reporters at the site of the carnage lost their composure and collapsed as they couldn’t cope with the gruesomeness of the pornographic bloodbath.

In 2006, the Nazi government of Israel dropped 2-3 million cluster bomblets over Lebanon enough to kill or maim 2-3 million Lebanese children. And instead of denouncing the manifestly nefarious act the US government declared that “Israel has the right to defend itself.”

Today there is an anti-Islamic hysteria in the United States. The main reason for this hysteria is the fact that the United States can’t live normally with itself without an external enemy. In short there has to be an enemy in order to keep the American psyche intact. There has to be an enemy in order to keep the military industrial complex functioning. In short capitalism can’t function without war.

In fact Muslims don’t view themselves as enemies of the United States as the vast bulk of Muslims are peaceable people who are mainly interested in the pursuance of their daily life enhancing their daily living improving their standard of living and making ends meet.

Yes there are violent groups here and there but these are tiny groups which in no way represent the Muslims of the world.

I think many Americans are ignorant of these facts. I also think that many other Americans would condemn Muslims right or wrong. I am  talking about people who would burn the Muslim Holy scripture the Quran in order to highlight their hatred of Islam a religion with more than 1.6 billion  people.

Well to those I say one thing: the dogs will keep barking and the caravan will keep going.

Besides if you have one reason to hate us we have a thousand reasons to hate you.

None the less unlike you we are not willing to allow our primitive impulses to decide our behaviors. Our religion the source of our morality and behavior doesn’t allow us to behave the way they do.

This is why we will not burn copies of the New Testament we will not attack churches and we will not call Christianity bad names.

Read Also: The futility of counting on the U.S. to pressure Israel

It is often claimed that the religion Jesus founded is based on Love. But any fleeting view of your “religion” caricatures a hate-based cult that has very little to do with Jesus and the authentic messages he preached.

Did Jesus ever call children “murderers” as you did recently in Texas? In fact I dare say that you and people who subscribe to your cultist hatefulness are a cancer upon the conscience of Christ.

So you hate us because of the 9/11 events. Well 99% of Muslims condemned in the strongest terms these terrorist acts. And we are sorry for the umpteenth time for the death of dozens of hundreds of innocent Americans including Muslims in these terrorist attacks.

None the less your democratic elected government has been responsible for the death of millions of Muslims. In Iraq alone the United States has killed or caused the death of at least two million Muslims in the past two decades. Hundreds of thousands of other Muslims have been killed in Afghanistan. These are just two examples of America’s genocidal wars against the Muslim world.

Hence if you have the right to cite one 9/11 we can cite hundreds and thousands of 9/11s. And don’t you ever think that your lives are worth more than our lives. All human beings were created by the same God and are equal if only because there is no such a thing as a lesser God.

One day the oppressed will have their day and there will be no spin no hasbara and no propaganda.  And the New York Times and Fox News  and AIPAC and all other organs of lie  will have been evaporated into nonexistence.

God is just.

Khalid Amayreh is a Palestinian journalist and political commentator , we lost him on account of natural reasons on 12th of July last year in the Occupied Palestine

Continue Reading

Featured

Jewish Nazism is reality not fiction

Published

on

Jewish Nazism

I realize that the title of this article might offend and provoke many people, especially those adhering to the Judaic faith. I do know that Jews, like everyone else, are not carbon copies of each other. There are many conscientious Jews who believe in fairness and basic human equality regardless of color, race and faith, and strongly reject racism and chauvinism in any form. Also, I will no longer be using euphemistic language in reference to Jewish Nazism especially in light of the latest Dresden-like bombing of Gaza by the Judeo-Nazi state also known as Israel.

Read Also: No forgiveness for Jewish Nazism

These people I salute for their rectitude, humanity and morality. They are our natural partners for peace and a better tomorrow for our children and their children.

But there are numerous other Jews who don’t believe in human equality and justice for all. Indeed, there are many Jews, e.g. followers of the hateful Chabad sect, who don’t even ascribe full humanity to people who are not members of the Jewish faith.

Needless to say, the venomous ideology adopted by these racist fanatics has much in common with Aryan Nazism.

Read Also: The futility of counting on the U.S. to pressure Israel

What else can be said to describe an ideology that teaches adherents that the life of a non-Jew has no sanctity and that goyem can be murdered without the slightest compunction or feeling of guilt?

The shocking reactions by the Israeli government, rabbis, and community leaders to the latest abduction, murder and subsequent burning of a Palestinian kids in Gaza are very telling.

In a certain sense, these reactions and attitudes can be compared to the reactions and attitudes of many Germans to the pogroms carried out against Jews by the Nazis prior to and during the Second World War.

The gleefully despicable embrace of the brashly hideous crime by the bulk of the Israeli Jewish society underscores the fact that millions of Jews in Israel and abroad do harbor certain Nazi tendencies, especially against the Palestinian people. These tendencies are too real and too tangible to be overstated.

However, we must call the spade a spade, even at the expense of upsetting the huge Zionist propaganda machine which habitually alters the black into white and the blatant big lie into a “truth” glorified by sheepish westerners who have long been brainwashed into believing that Israel is a modern, civilized and democratic state.

In the final analysis, when Jews (or anyone else) think, behave and act like the Nazis thought, behaved and acted, they simply become Nazis. Pure and simple.

Today, there are numerous Jews who openly call for the physical annihilation of Palestinians as retaliation for the abduction and killing of three Jewish settlers in the West Bank.

Saber-rattling rabbis speak menacingly of the need to adopt “the Biblical way” to combat the Palestinians.

For those not versed in Jewish phraseology, “Biblical way” is euphemism for genocide.

Today, the Israeli media reported that some army personnel openly appealed to the government to “give us the green light to annihilate them.”!!!

Just read what thousands of Jewish youths have been writing on their Facebook pages! It is outrageous, disgusting and sheer evil.

To put it in a nutshell, Nazism is being regurgitated and exuded all over Israel. This is happening in broad daylight while professional liars like Binyamin Netanyahu are filling the ether with all sorts of shameless lies about Israel being victimized by the Palestinians.

Seventy-six years have passed since Kristalnacht. Today Jewish settlers in the west Bank, in close cooperation and coordination, with the Israeli army could very well carry out a huge pogrom against an innocent and helpless community which really finds itself very much in the same precarious and vulnerable position that European Jewry experienced prior to WWII.

I am not a prophet of doom and gloom, but the signs are unmistakably bleak.

A final point, the Palestinian people in the West Bank and the Gaza Strip are surviving thanks to the good-will of the international public opinion. Should the international community go into a brief slumber, God forbid, Israel and its own Wehrmacht, SS, Gestapo and Hitler Youth might embark on the unthinkable. Don’t you ever say Jews can’t carry out a holocaust against their victims, the Palestinians?

Words can kill; words do kill.

Unfortunately, the chilling words we are hearing from many Israeli Jews these days leave no room for optimism.

Khalid Amayreh is a Palestinian journalist and political commentator , we lost him on account of natural reasons on 12th of July last year in the Occupied Palestine

Continue Reading

Featured

I’m most definitely Palestinian!

Published

on

Palestinian

In-your-face brutality, unending genocide, unending atrocities, mass slaughter directed against one’s people, one’s brethren, causes the most strong and unimaginable reaction, in response to the oppressor’s horrendous and barbaric deeds. The autocratic, despotic, tyrannical Israeli-hand systematically and with pre-planned engineered precision, massacres, annihilates, eliminates the young and the old Palestinian alike – in the most inhumane and most despicable of ways. Slaughters men, women and children in broad daylight. Bares its blood-thirsty intentions, its monstrous objectives in the most unashamed of ways. Mercy to none – not to the living, not to the severely wounded and dying; no mercy even on the dead or their lifeless remains.

The constant fear of being bombed anytime, rained down with missiles and all manner of munitions from within the vast arsenal of the Israeli side; definitely stockpiled high, with enough buffer inventory of munitions, deadly and lethal stockpile, to blow the receiving side multiple times over; so as not to leave a “shred” of evidence of your original physical-self on the surface of the land, which your people, generations and generations of your ancestors, since time immemorial have dwelt on.

Read Also: The age-old Palestinian-fear (of the Israeli thirst)

The inexplicable terror of seeing Israeli drones constantly “floating about” unopposed, in the skies above your unsheltered head. Drones with eyes like that of a greedy dog. Electronic pixels wanting to cast an evil eye, an evil-spell upon your very being. Eyeing upon your existence, wanting to blow-up, tear-up your physical being, seemingly wanting to devour your flesh and body; all by way of a few computer clicks / even the manual computer-clicks now, seemingly, are being replaced by more automated ways of executing these most evil deeds. Software, coded software, written programs to execute on the most Evil-intentions. Evil-intentions of the most evil amongst the human race.

Everybody knows, the Israelis have exterminated with their weaponry, uncountable numbers of Palestinians across a 40, 50km stretch of land, in front of the whole world, over the past so many weeks and months. And retain the capacity, the ability, the power, the means to slaughter, devour many, many more innocent ones, day in, day out.

The Israelis possess American technology, American weapons – the bedrock of their faith, the foundation stone of their belief in their never-ending invincibility. The Palestinians have their faith in Allah; that Allah will redeem his faithful people, from the clutches of these war-mongers, who rain down terror, day and night on the most innocent, the most vulnerable.

Most definitely, the Moslem spirit in me, the Palestinian spirit in me is not defeated; quite to the contrary, it’s rekindled, stronger than ever.

I’m definitely Palestinian, in every sense of the word, and Allah will save us, Allah will have mercy on us, Allah will guide us.

(Note: Azhaar Amayreh is a marketer stuck in war-ravaged Rafah with her child.)The following article is part of a campaign to raise money to help MZEMO contributor Azhaar Amayreh and her family leave Gaza. Please give what you can.

Continue Reading
Advertisement

Trending