I drink your slurp juice, I drink it up!
Isn’t that pretty much a goal one of those tech guys has?
Looking it up now… Will update
Because it would probably take more energy than the oil itself contains
Ethereum NFTs use a microscopic amount of energy, it’s a proof of stake blockchain.
“By utilizing state of the art decentralized cryptographic data science, we can bypass bottlenecks in the natural resource supply chain. Nonfungible tokenized oil coins can break developing economies free from bad actors in the free market.” - Some douchebag right now probably.
One of the original goals of crypto is to create an alternative to the USD. AKA the cornerstone of the “petrodollar”. And the primary funding mechanism of US imperialism.
Oil is fungible, so Oilcoin would make more sense than a non-fungible token. It might be tricky to figure out a way to transport physical fuel over the blockchain, but annoying details like that are what vibecoding is for.
Great, to read this I may as well go back to Reddit.
Thanks for the gold
I’m lost and don’t follow this stuff, but how would this fix anything?
You’re right, this wouldn’t help. NFTs cant go down in value
