@@bonjourbonjour2754 they meant transparency into how people react to say. Everybody tries to act like they're all high and mighty and makes the right moral choices, but he clearly admitted all of his faults in this video which is something that is not often done. And of course he doesn't know a lot about me, that's why he researched it. And you don't really have to know a lot about cryptocurrency to know that this particular type of cryptocurrency is horrifically bad weather environment as it is right now
He is honest, but he's also wrong. Do your due dilligance and research it. Crypto is heavily moving to renewable energy, unless you're living under a rock, el Salvador has just made crypto legal tender, and are setting up volcanic powered facilities. And then go look at how much energy is used when everyone puts up xmas lights, more.
I really have to say that a huge amount of this is disinformation, and generated and propagated by people who have clear interests in ensuring smart contracts and NFTs aren't broadly adopted. People are making claims based on the Medium article and the cryptoart.wtf site and its research which are hugely separated from reality, and how blockchain, specifically ethereum OBJECTIVELY work. The amount of FUD and lies being spread is ridiculous.
repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
@@joshuadav10 This is the type of argument I come across a lot in my industry. Just because other industries produce waste and use energy doesn't mean NTFs should be able to too. People from home may be posting comments from iphones, but they are still able to make environmentally responsible choices like buying a used phone or using their current device until it no longer functions (then recyclingit); buying a bidet and going toliet paper free; minimizing flushing by being conscientious of water usage or getting toliets with smaller tanks installed; eating less meat; and buying an electric car if possible (or walk, bike, take publuc transit when possible). In addition to that, they can not contribute to NTFs. Before the video was posted, my husband and I were just discussing cryptocurrency and his explanation of why they're not environmentally friendly was the same as tenhundred's information. My husband is in IT. He understands the industry well. There is hopefully a future where we have learned to reduce our power consumption on an industrial scale, because individual contribution (turning off home light etc...) is still worth doing, but is so small compared to industry. And a future where we have predominantly green power sources. That will make the power cosumption arguments against NTFs negligible. And if people want to get more innovative they could find a way to heat a the building those computers occupy, haha. My stance will always be to reduce energy and material consumption, buy reused/thrift items as much as possible and recycle as much as I can. The idea that "well other industries use more power, so NTFs should be no problem" isn't the type of argument I can get behind. All industries should consume less.
The argument is not - and should not - be that NFTs aren't bad because we do other things that produce emissions; thats not the point im trying to make The point im trying to make is the SCALE at which these NFTs are supposedly being produce is wildly miscalculated and has spread from a tiny handful of sources unbacked by either peer review, and disconnected from how the technology works. As a scientist, I think you would agree that itd be better to have verified sources and preferably peer reviewed work - or at least an iota of understanding of the basic and fundamental mechanics of a technology before writing an article and causing panic 2. My friends are receiving death threats for making art and finally making money with it, because of disinformation designed to make people afraid of a technology that has existed for YEARS and for all intents and purposes has worked to improve its carbon footprint and in no way even remotely rivals the emissions of other industries, technologies and systems we use on a daily basis to post cat pictures from work.
@@Iradeza also i apologize, rereading my comment I really should have made clear, I don't want to suggest nfts are ok because other things are bad, the point of the comparison is to show A. Other industries produce a far greater carbon footprint B. NFTs aren't as bad and will REPLACE those
This is so discouraging! I was just getting excited about NFT art and trying to find out more about it, and some people pointed me here. Thanks for this video though, it's very helpful, and the small amount of research I've done just now seems to agree with you. It's a shame that crypto and NFTs are structured this way, but I think I also will have to wait until there's a more eco-reasonable way to partake in the scene.
As a sustainable artist I was so excited about NFT's thinking less impact on resources...how wrong could I have been! Thank you so much for sharing this video, and I can't even put into words how incredible it is that you made the decision not to go through with your original plan because you don't want to destroy the eco-system for your daughter - now that is pure love, if only more people thought the way you do.
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
@@marksamson932 Crypto mining is all block mining. It's not just the artists that are responsible here. It's everyone purchasing, trading, over-clocking, and upgrading their PCs to unfathomable processing speeds that's the real Carbon issue.
@@ultimatelyawesomeultranigh384 it’s not even on the block chain. It’s just a link that can’t be altered. So it will be code with a dead link in the future. I bet everyone wants to pay top dollar for that.
Thanks so much for watching! The artwork from this video are available as Prints here: www.tenhundredart.com/prints ** Update: By popular demand Single Prints Added // No longer just available as a bundle** For every Bundle order we will plant 10 trees. For every individual print order we will plant 5 trees. Details on prints at 18:33 These 16" x 20" giclee prints on museum quality archival paper also come with 2 stickers. This is a timed edition and these prints will be available for the next 5 days (edition closes March 13 11:59pm EST)
I am sure that you will enjoy profits from the sale of the prints, and the planting of trees is a wonderful bonus too! I am just another viewer and subscriber who commends you for waiting on the crypto currency at this time. Thank you for sharing this video!
Oh, and on a lighter note, for some fun, joyful and nostalgic video ideas after this: Would love to see a ten hundred pokedex of your own pokemon or fusions of existing pokemon or just redone or re-attributed (like a fire version of squirtle or new elements for that matter). Even if it's just pokemon inspired, please Ten Hun...please make this video 🙏🏽 #tenhunpokedex
Absolutely fantastic video. I went through the same exact steps you did except that my video went up before I saw those articles. I'm in the same boat, I have no idea where the truth lies so I decided to err on the side of not destroying the environment and I'm stepping away from NFTs as well. I'm super pumped about what this means for artists. If this is the future the opportunities will still be around in a few years when they get all this cleaned up.
If you think NFT's are bad for the environment, wait until you hear that high definition video accounts for 60-80% of web traffic, and at least 50% of the global electrical energy supply is from environmentally unsustainable sources, like oil and coal. Rough estimate based on an article published by the International Energy Agency has each view as the energy consumption of driving 1/10th of a mile, assuming that view is coming from a country that does not have a highly sustainable electrical grid (ie. US, where most web traffic is coming from). At the time of writing this I see this video as having around ~36,000 views, so that could have theoretically powered a car from San Francisco to New York and 1/5th of the way back. Ten Hun's most popular video at 1.9million views is equivalent to over 12 years of the average Californian's mileage. My point in writing this is not to be harsh, but pretty much everything that we do contributes to global climate change. Championing sustainability through avoiding something fairly inconsequential like a few hundred transactions on an overseas server does much less than pressuring your local and federal politicians to make lasting changes to our global energy supply, and pushing for sustainable initiatives that would fundamentally change our infrastructure for the betterment of society and life on Earth. After all, it has been shown that internet traffic at scale is not nearly as consumption-heavy as internet traffic at smaller volumes, and companies like Google have been able to effectively build sustainable infrastructure for their servers (although the consumption is dwarfed by that of everyday consumers).
@@fishbrainCTRL the thing you have to look it is the overall consumption per person. if the market volume of NFTS became something similar to youtube it would be an absolute disaster.
I hate when arrest care about that shit like there’s so many terrible things if you’ve ever participated in Bitcoin you’ve done terrible damage same with if you’ve bought an iPhone, the amount of different batteries you’ve consumed in your life has fucked up the environment so much ppl only pretend to care out only hope is technology saving us which actually will probably happen
with a ton of artists I follow now disregarding the consequences of NFT and just jumping on the bandwagon, it's great to see you make a video like this and we need this to be seen and gain traction. the reward at the end of the NFT path is definitely huge, so major respect on taking the moral route and doing the research, as well as educating others with your platform. looked up your work cuz of this vid, new huge fan here. 👍
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
For everyone not really into it. Tenhun just decide to miss out on around $500 000+ of cash (depending on way of dropping) in order to save the envoirement. Its a big move from him. Very very honorable!
Man Ten Hundred, you’re just a damn awesome human being. I already had a ton of respect for you, but you making this video really blasted that respect into the stratosphere for me. Thank you for listening to your fans and taking the time to do research. Thank you for changing your plan at the last minute and making an educational video instead of just going through with it. You’re a damn good one and I wish nothing but the absolute best for you and your fam!
"Taking the time to do the research" A lot of that research, is unfortunately based on misinformation. He's an EXCELLENT human being for doing what he thinks is right by the environment, but has been at least partially deceived.
repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
Massive respect to TenHun for this, it’s a big chunk of change that’s being dangled at the end of a pretty freaking nasty rope, he took the time to educate himself about it all, saw the costs and decided against it. That’s a BIG move and I admire that hugely, it prize is big from NFT cryptoart, but it ain’t worth the earth
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
I've stopped consuming your videos since you said you were going to produce nft's, I've seen lots of people being so rude and making such a speech about these shit, I was hopeless, but I'm so happy to see you doing this video, you're really the artist I felt you were, thanks for sharing all of this information with your community. I know this video in from Mar 2021, but I'm just watching now in Jan 2022 cause as I said, I was not consuming his videos anymore, missed you bro
Thank you so much for making this. It's been incredibly discouraging seeing so many artists hop on board and then fight their fans for making a decision that would damage the environment so severely. Mad respect to you for being honest and doing your research
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
Respect to you for being so honest about wanting to continue your plans, feeling defensive and brushing the issue aside at first! Andfor still going with your gut and looking deeper into the matter in the end.
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
Huge respect for the tough decision you had to make here. Letting go of days of work, and large sums of money is something a lot of people just wouldn't have the strength to do. Will be buying the drop to support you, and this decision 👊
This very platform uses more energy in one hour then all of blockchain combined that is based on scarcity. Do your homework and research. Stop listening to google and media. They are the 1% who want to crush art and everything that is beautiful of being human. ✌🏿♥️✌🏼💜✌️
The “Growth” piece fits this video better than it would have the original NFT drop. It’s a little bit ironic haha. I appreciate that you chose to put the environment before a very tantalizing payday - this just adds to the respect that I have for you as an artist, and I feel comfortable continuing to support and love everything to create and do. ♥️
It takes energy to topple the fiat system and end the petrol dollar. The net benefit to the environment will be orders of magnitude greater than the energy cost.
Thank you for being REAL. For having an open mind, owning your truth, and not jumping on the money train compromising your values. It's an inspiration to see someone you already admire using their voice and being true. This video will make positive waves thanks to you.
I still don't get what an NFT really is (but I'm old and don't really get cryptocurrency either lol). But I do have a lot of respect for someone that will admit when they were "wrong" and will publicly tell the entire world they believe they were wrong and not double down douche. You're a good one.
Its basically a jpeg that you have proof there is only one. It's the new hype like ICOs where in 2017. Yes, artists are making money and being "empowered". Everyone in crypto feels rich right now because everything is going up and to the right but when the bear market hits, this will be the first shit that goes to zero.
These folks are only relaying a small chunk of what NFTs are. NFTs are essentially metadata sitting on top of digital money. It can be text, pictures, audio, video, whatever. When you tokenize something like this, it becomes unique, and non fungible (NFT), like if you traded a dollar for a Euro and wrote or painted something on it. Now, NFTs are not limited to art/music, and allow parties to transact and make contract together. So a person with no acces to dob/birth cirtificates, house/vehicle titles, insurance, ID whatever, can prove they live where they do, and engage in financial systems without documents the govt or corporations normally require when getting a bank account. NFT's and art are a small portion of the true revolution. and it's not nearly as ecologically devastating as people are saying it is.
@@BadCatArmin I'm inclined to agree to an extent, but not fully, because there are LOADS of different types of blockchain tech, and increasingly few of them rely on PoW to provide security and stability to the network
I'd heard that crypto was bad for the environment, and this is the first time I've heard it explained. Thanks for this video, it's really awesome you were able to stop before it was too late!!
It also allows people in third world countries access to a digital currency where they either don't even have banks, or they charge a lot of fees. I've tripled my investment of Bitcoin in a couple months and I could not have done it otherwise because of how capitalism "works." 🙃
@@grumpybear123 youre trying to get people to buy into bitcoin so you can make money. very transparent. people in 3rd world countries are also the ones suffering the most under climate change caused by your crypto currencies, friend. lot of those islands are sinking more underwater every year
@@amefuraggamuffin Lol I'm not trying to get anyone to do anything, I'm just sharing my experience. If I had left what little money I have sit in a savings account, I'd have nothing to show for it, yet banks use that money to lend to others and make interest off of it.
... assuming someone wanted to millions for some youtuber's proprietary jpg... Which... Why? ... Just make memes. People who try to copyright memes are idiots.
Major respects for releasing this information. I was just going through the same route for these past weeks... I was ready to begin the process of releasing my first NFTs and came across an article by Jeff Wilser that mentioned the notion of Environmental Impacts when minting. He provided a link to Everest Pipkin's "HERE IS THE ARTICLE YOU CAN SEND TO PEOPLE WHEN THEY SAY “BUT THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?” We are all responsible for our decisions and most certainly for the results those decisions yield. For now I will continue to stay put with the current digital art trends because it is inevitable for artwork production, distribution, & display to follow digital paths in the near future. That being said, I will be on the lookout for a platform where my artwork creation today does have detrimental effects in our tomorrow. "...in a digital context scarcity must be constructed- there is nothing that demands the next block in the blockchain be harder to make than the last. If anything, the opposite should be true- computers grow ever more efficient and powerful. This means any scarcity is artificial, a process that demands ever more energy, ever more resources lost to continue to operate and return, for no other reason than to insure that tomorrow it will be even more expensive- which makes the wastefulness of today a good investment. This is why cryptocurrency is valuable. There is nothing high-tech about it. There is no miracle. It is simply futures speculation without the speculation- no guessing required, because we know it will be more wasteful tomorrow; it is baked into the tech. All that [current] cryptocurrency does is abstract resources into a market by making those resources unavailable to the future." - Everest Pipkin Main article explaining NFTs by Jeff Wilser: www.coindesk.com/nfts-became-art-everything-nft Environmental impact : everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3
As an artist I was so hyped to get onto this nft business, I still love the idea of it, but I think I'm going to wait until we're a lot more renewable energy dependent
for your consideration: repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
@@joshuadav10 dang permission to copy paste this because the amount of misinformation about it's environmental impact makes my head spin. Finally a clear cut argument , it's important to see both sides of the coin.
@@joshuadav10 This truly reminds me of the fossil v. fusion. Yes nuclear energy comes with cons but it's not fossil fuel. It's not killing millions a year without anyone really knowing for a very long time. Nuclear energy is way better for the environment and us, that's with the waste included. Yes nfts arent great but that's a problem that stems from the setup of power grids and computer manufacturers. If they had ecological computers running on renewable energy then it'd be fine. The nft is not the problem. It honestly solves a lot of problems (now if we could only attack fast fashion the same way), it just needs better infrastructure to run on and it'd be more clean than renewable energy. Copying that comment and taking it with me. Immediately thought of kurtzstag and their most recent video on nuclear energy being way less deadly over a long period of time.
I really respect your transparency in the process of responding to the information about NFTs, including how you were defensive at first and how you came around to the decision you did despite it not really being in your favor/not the outcome you wanted. That is how people learn! And what a good example to set. Thank you :)
Absolutely nothing but respect for Ten Hun on his decision. Thank you for being so respectful and forthcoming with the knowledge for the rest to get a better understanding of NFTs.
Incredibly mature & helpful how transparent & up front you were about your trouble accepting the information you didn't want to accept. It means a lot to have people out there who can inspire others to see that process as natural, & human. Good work. Massive respect for that.
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
Yeah dude, your art brings so much happiness already. I had to move and my friend said he'd hold onto your skateboard for me since he's getting back into skateboarding, and when he saw it was a Ten Hun art board he freaked out and got so happy. That's the type of impact you already have in the world. No need to hurt the environment along the way if you're already good with yourself and your fans without hurting the environment =) Also, NICE storytelling dude. I don't know why that felt so rare, but the way you brought me along with your emotional process was stellar and really made the learning process feel immediate and refreshing. I didn't even know what an NFT was before this video. Now look at how much I know!
or just use Kodadot, which is on the Kusama Network, which is already live - or one of the NFT platforms on Tezos which has been live for years. Ethereum is bad for the environment (currently), Cardano is bad for the soul.
Exactly, wanted to Tell the same cardano is coming with their own nft support, maybe get in touch with them. They might be hyped to collaborate with you!
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
Im so proud to be part of a community where an awesome artist will get more info on NFTs and make sure to include that into in their own video. The fact you also decided to not make one is so profoundly dope, I’m so happy. I feel like so many artists went through the same rollercoaster so I’m glad to see people publicly moving away from it.
DANNNNNNG I was sooooo excited to release an NFT version of a project I was working on but this is way too real. No NFTs for me rn. Those numbers are BONKERS. I feel guilty about my digital footprint as it is. My mind is blown by this. Just wiiiiiild.
@@yaminogame7805 Its a little misleading. Most blockchains for nfts are not proof of work mining and use significantly less electricity (no more than running your computer(. Bit coins is not used for NFTS. Ethereum is currently still proof of work however it is switching away to proof of stake in the near future.
I feel guilty.. drives a fucking gas car, uses electricity at home and eats fucking gmo shit.. fvcking soft ass punanies hahaha more *ETHEREUM FOR ME* Thanks toots!
Ten Hun: I don’t know what happened here it’s all made of plants. The environment: Lit he got my message. Mad respect for doing this video and offering the different sides and information we have now, keep up the awesome work sir =D
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
We are so proud of you Ten Hun, Tremendous amount of respect to you from me and anyone else that found this video immensely valuable and enlightening. What a breath of fresh air. I am hopeful meaningful doors will open themselves to you as a result of your courtesy and sacrifice to postpone your launch. Congratulations Ten Hun!
Yeah me too. I think the lack of awareness play a big role on why people jump right into it without hesitation or to further educating themselves upon this issue
Yeah, it's pretty crazy when you think about it. It's worth noting that this energy is not being used by a single computer, though. Instead, it's many computers working around the clock to solve the "puzzle" - this is the "mining" part - in hope of getting the "reward".
@@ananta6113 for me it was the amount of money people were making. That was what pulled me into it honestly. I felt like finally, I can use my skills to be productive and use that money to help get myself and others around me out of debt. I knew mining required energy, and I knew gpu farms existed, but I didn’t realize it was so much energy. My own bias and greed blinded me to the fact that I shouldn’t jump into this either right now. Maybe in the future we will have a much more sustainable hold on this, but for now I’m going to wait. I hope others can do the same.
repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
For me one thing is that now companies (NFT companies of course) are saying "welcome to the first eco-friendly, NFT market" but that's a little to green-washing, considering that nothing is changing in the way they operate so.....yup, there's that too :( edit after the video: man the way you managed the last part of your art, from a jewelry designer to an illustrator and i kinda sense, musician? that was dope as hell, so, i¿m subing
Dude, please never stop doing what you do. Your art is absolutely amazing but the fact that you care so much about where your work goes, sets you aside from so many other out there.
My opinion (to be clear) . Your digital footprint with your videos here on UA-cam probably have the same effect. Does anyone ever checked how many electricity they use to keep UA-cam Running? Every device that is watching your videos also has a effect . I respect that you did the research and don't want to cross that line but I think it has 2 sides (like you said) and everyone needs to chose his direction
Damn this video just sealed the deal that you are my favorite artist 🔥 so many artists seem to be hopping on the NFT train to make crazy money, not realizing the consequences. I didn’t even know the consequences were this serious!
repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
Another downside, which doesn’t get talked about so much, possibly because it impacts the whole cryptocurrency/crytotoken business, is that the fundamental provability of your token (be it ownership or stake) relies on the validity of the blockchain. The proof is based on the fact that each time a token changes hands that is recorded mathematically in the blockchain so if later it is challenged the chain can be read and the proof found, any corruption of the chain or unauthorised changes at one point will invalidate each point in the chain after that point. Many crypto fans chain this makes the blockchain tamper proof, they are wrong of two fronts there. It doesn’t stop tampering but should make it obvious when tampering has occurred, the blockchain should be tamper evident. Unfortunately the one person/group/organisation that can change the blockchain without the tampering being evident is the one that hosts and controls it. The defence against this is to record transactions on multiple blockchains, if you have three blockchains (which will put up your transaction charges) and 2 say one thing but the third says something else you go with the two and correct the third. Unfortunately, much like how most media outlets are controlled by a handful of corporations, different blockchains are ultimately controlled by a very small number of corporations.
I respect the hell out of you for being willing to change your mind, especially when you stood to gain so much. That said, the negative articles you referenced rely on a faulty premise. The Superrare article included a study from the University of Cambridge. It explains that essentially the blockchain is like a train and an NFT is a person getting on the train. Adding a person (or NFT) doesn't increase the energy usage of the train. At all. And even if the blockchain wasn't used at all it'd still use the same amount of energy.
Hmm... that analogy really doesn't add up. If no one used the train, the train wouldn't be run. If fewer people used the train, the train would be run less often, or smaller trains would be used. Also btw, an empty train obviously uses less energy than a fully loaded train... like... that should be immediately obvious to anyone, right? Similarly, if fewer transactions were added to the chain, fewer blocks would need to be verified, and there would be fewer rewards for verifying transactions. If no new transactions were added to the chain, then there would be no incentive to mine. If there was a massive uptick in transactions then there would be an increased demand for more miners and an increased incentive for miners to expand their mining capacity, as there would be more rewards up for grabs. The total energy consumption of a blockchain is absolutely directly connected to the amount of transactions added to that chain. It has to be, just based on basic thermodynamics. Computational work is still physical work, it is still subject to thermodynamic constraints like entropy. Actually, the connections between thermodynamics and information theory are super interesting. Anyways, if you could compute more things (i.e. change the information entropy in a system) without using more energy, you'd violate the 2nd law of thermodynamics. Basically, you would have made a perpetual motion machine which is usually not allowed in physics... unless you're Maxwell's Demon, but we don't talk about Maxwell's Demon.
It's great that you looked it up. A lot of people want to try something without really knowing what they are getting in to and without bad intentions. Later they find out what the downside of all of it is... So much respect for you looking everything up, listening to fans/followers and making a well thought out decision.
Hey man, really great video! It was another artist's tweets/articles on their regret of putting out an NFT collection and finding out the environmental impact afterward that informed me about this initially. I was similarly doing research for my own video and I'm so glad I was able to include that information in the video.
"Destroyed" is hyperbolic. Even if we assume everything in the medium article is correct (which it is not), the entire NFT market right now would equate to just 0.0006% of global emissions. So even if you were insanely successful in getting everyone to stop selling NFTs right now, you would not be able to observe the impact. Secondly, the site you pulled most of the data from "cryptoart.wft" is now widely contested by developers who understand Ethereum (tldr, transactions have no effect on mining, and more transactions are not causing ethereum's price to rise). More reading: blog.georgeoughttohelp.com/youve-been-mislead-about-the-environmental-cost-of-cryptoart-nfts/ Thirdly, you should be comparing NFTs to other sources of artist revenue... like merch. Do you realize that selling 10 T-Shirts from your merch store is the equivalent cost of 1 NFT (if we use the cryptoart.wft source)? And since you would make drastically more profit from NFTs, you could switch from selling merch to NFTs and you have a multitudes more positive impact on the planet. More reading: sterlingcrispin.blogspot.com/2021/02/crypto-art-sky-is-not-falling.html Personally I think the only reason this being so widely talked about is because it's new and some people are getting wildly rich from it. It's hard to convince people to stop consuming coffee and beef, but it's easy to tweet out hate to artists making a living from NFTs.
Amen. I deeply appreciate this well thought out comment and think its a shame it's getting less likes. I'm sick of this virtue signal guilt trip grift from uninformed artists crying chicken little.. the sky isn't falling. No one criticizes gaga or gates for their carbon footprints....
@@saraphinn8090 these are the types of people you see waiting in mcdonald's or starbuck's drive thru's every morning, trying to lecture you on doing anything because of the environment.
There’s nothing wrong with wanting to be more environmentally conscious or to intentionally do an action that is environmentally sound. He didn’t release the merch because he didn’t want to as the power consumption behind etherium was concerning. We also know for a fact that cryptocurrency mining, no matter how much you want to act like it ISN’T, is power intensive with quite literally no product. Even if your sources dispute the amount of power, it is not unreasonable to assume that it uses QUITE A BIT. So I don’t think he was wrong to not drop his NFT’s and would rather wait for a more environmentally sound solution. The only person who “lost” is him, and probably not considering most artists who avoided this will hop onto it once private block chains fill the need that artists wanted to avoid.
It’s not even bad. You’re using a computer right now, everyone using loads of computing power every day. Big banks don’t want people to move to electronic currency since their power is held with the physical dollar
. repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
@@joshuadav10 @ten hundred this guy broke it down for ya, big banks power is not in crypto but in the dollar hence the rise in propoganda deeming nft's/crypto as "bad for the enviroment". Im sorry, you got bullied into this conspiracy.
First of all... lots of respect for listening & researching on the topic Ten Hun. I would have to do more research on this but from what I already know and the info there is on the articles you posted I have some legit questions for the community... It seems the problem is the mining itself and how resource-heavy it can be... just to clarify I don't support this (mining) mainly because they have been driving computer components prices up like crazy, we all know that (silly reason, I know, but real) It seems like the burden of the NFTs is higher because it can all be traced up to a specific file, your art for example, and while it increments the price more energy/mining is used for it (explaining it simple) so if we could trace the energy/costs in the same way of a car, for example, we would have to add the energy used by the factory, the employees, the mining for the materials, the materials used for the money we are paying with or if it is digital the bank services, the costs of the fuels, the energy to create the fuels, the garage costs and materials if you have one, and what is gonna happen to all that in the afterlife too well I hope you get my point. I like where the technology is heading but it does look like a high cost for it so will this make us more conscious about what we are doing everywhere else or is it making us too paranoid? Could a youtube video be making sort of the same impact as a cheap NFT? (considering it has to live on a server 24/7) P.D. Sorry for the long comment... peace
I was so happy that maybe NFTs would be the a small help in terms of economic situation but now I see that it would not be the case.......why is so hard for a artist to bring food to the table?
Digital painter here: for those of us who decided ten years ago, that we wanted to be spending a week on one painting with a week of research and sketching and 3d’ing in between so we can make dope MtG-style painted fantasy concept work, nft’s are not just an environment destroyer - it’s also a investor’s game that will warp the art market even more in our disfavour, since our customers usually buy the full license (except for physical reproduction rights aka prints) and the market already seems pre-flooded with photomanips and 3d-mashups that can be serialised almost infinitely by people who has spent the last 10 years growing social media audiences over studying painting and industry networking. 🥳
I'll be honest - I don't really know this channel nor do I care about anything that came past 13:13 (which is the art video)... I just came across this video while searching for info about why are NFTs bad for the environment and I had to give you props for backing out of it at the last minute. Also, thanks for linking the articles in the description so more people could educate themselves on this topic.
I know this video was made a while ago, but I just want to say how much I commend you for your decision. It takes a lot of courage to do what you did! So I wanted to say thank you. Not only for standing up and doing the right thing; but presenting a logical explanation for why you did what you did. The more people that refused to participate, and state why they're refusing to participate puts more pressure on these companies to change the way they do business. Kudos to you!
Yo... TenHun should definitely make a coloring book..... that’d be sooooo cool. Then we could send in our colorings and he could review them like it’s grade school 😂
Hey Ten! Im an artist too and got in the same kind of situation, with an initial pretty-excited-to-jump-in me and then got the cold shower with how damageable that whole thing is. Im glad you decided to stay true to your convictions! Thanks for sharing man, take care
repost from my comment above There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to. On the ecological impact: Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water. The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down. The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case. 1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues. 2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE 3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever. 4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c 5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/ 6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact. 7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description 8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons: www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost www.eia.gov/todayinenergy/detail.php?id=46537 9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID. www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691 NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM. RE: Broader implications of NFTs. NFTs are not limited to art and music as mentioned earlier. currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
Think I said this before, but I was in a similar place when I first saw this video. I was about to release my first NFT, but then learned about the environmental impact. I was working on a video about the project and everything. In researching it more, I found your video, and thus you. I love this video, but have also been a sponsor for the past 8 months and love seeing what you do. Thanks for using your popularity and fandom to spread the word about NFTs.
Props to you dude for doing your research and coming to the decision you did. I don't hate on artists super hard when they do it. they didn't create 'the blockchain'... But it does bum me out. this is refreshing. you could very easily have still put it out and you didn't. respect.
Tenhun you're always killing it, i used to watch your videos for the art now for the music too 😂😂😂 , We respect your decision and we'll support you You're making the world a better place ❤️
Proof of Work = mining (solving complex equations using a LOT of computing power or Mining PCs and electricity in order to mine the coin) Proof of Stake = using coin you already own to "mine" the coin you're staking -- the amount mined is dependent on the amount at stake (does NOT use any electricity or computing power) That's my understanding of how it works. Awesome vid, very informative, and great to see your perspective. Also, very dope art!
So great to see you did your research before dropping your NFT’s I’m 64 and wanted to jump right in with my ideas of doing the same. I’ve been seeing similar artists being responsible like yourself in exposing the reality of what goes on behind this lucrative platform. Tremendous talent on your creations by the way unlike some that are just so lamely mediocre. Your doing the right thing! Keep on creating!!!
Yo, these hater comments are wack. Let's collect them here: "_Uh, UA-cam uses a lot of electricity too, so what's the problem_". Sure, but the problem is the cost of the action of uploading on youtube vs. cost of an NFT drop. You can't ignore what he's saying about the amount of energy used for this, and the ripple effects. He didn't talk about how much energy it would cost for _selling_ his work either. That's another 334 years+ of computer usage! He admitted he's still a consumer and small business owner. "_All these people are using electricity to complain about using electricity_". Yeah dude, of course. But what a ridiculous argument. IF YOU HAVE PROBLEMS WITH ELECTRICITY, THEN YOU SHOULD USE CANDLES, HYPOCRITE. We all use electricity, but we all can look at how much is used for NFTs and be like, well, that's a bit much, and choose not to. Don't get me wrong, the tech is dope. It's just not ready for mass usage yet, and it only gets worse each day. If every time you drove your car, your miles per gallon decreased substantially to the point of needed 207 gallons of jet fuel to go to work, would you still do it? No man. That's the problem with the current implementation of this tech. Every EFT drop, every EFT sale, every EFT edition done makes it more expensive to do for EVERYONE. Mathematically, it will always get worse in the current state of affairs. It's super cool tech, buuuuut, we can do better.
"Yo, these hater comments are wack. Let's collect them here: " Are you making comments up? All I see is people agreeing, I loaded every comment (not the replies though) and searched for the comments that you quoted, couldn't find them. Are all of these comments in the replies to the comments or did you make them up?
@@Liphzzy "did it ever occur to anyone the amount of energy it takes for your UA-cam video to be circulated all over the Internet through algorithms and search engines and all the other processes that may take? " "Doesn't making videos use and cause the use of electricity??? This is the dumbest argument that people could make" "Dude energy is part of the world even a real painting takes up space and takes energy to make dont worry the enviroment is not gonna suffer much coz of your one picture online" "But how much does youtube use? I think I kinda dont understand" "This pollution is happening anyways. They have been mining crypto for years. Might as well. We're all gonna die anyways" "well shoot I guess everyone better stop making UA-cam videos too. the power it takes to operate UA-cam must be extremely worse than NFT's"
@@Liphzzy You're right, I should have been more explicit that these were summaries. I misrepresented what I was saying, that's on me. I wanted to do exact quotes, but didn't want to beat a dead horse, so I summarized the arguments
@@aKingInGodsKindom Dude, it's not all or nothing. It's not an option of "no electricity" and "all the electricity you could possibly do!!" . He admitted he has a small business and as consumers of his content and march, we love the capitalist side of things. The problem is starting a NFT chain that, in one go, burns an ungodly amount of electricity. And it will just burn more the next time around. I'm down with small businesses, and capitalism, it got me everything I have. I'm also down for looking at something that is absurdly inefficient and saying, 'Hey, the value return on that amount of resources is too much, lets pump the brakes until it's more ecofriendly'
@@FREESRAF I mean there aren't any background checks to make sure the seller is the creator. The market is new, and it's a free-for-all. The only real check for them right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art theif hasn't already made one of yours. If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto now has more than enough money now to fight you in court.
Props TenHun! I'm in the same boat of weighing the environmental impact. I even got as far as uploading some to Rarible, only to find my art now lost in cyberspace after paying to mint them. Now learning more about the impact of it all. :( Your nature piece speaks to the awareness of the issue. There really needs to be more intention going into all this instead of the greed fuelled hype, combined with people being on 'lockdown' for the past year and grasping at straws. That said, I'm still going to explore this market since I make motion-enhanced digital art... but looking more like I'll be holding off until a better system comes out. WARNING TO ARTISTS; Be very careful when listing on Rarible, it's expensive AF and your art might not even show up, plus it's totally flooded with all kinds of whatever clip art. --- I'm working on new platform that will have more integrity and environmental consciousness built in. cheers!
Listen bro. Just go get a white box and sit in it, don’t move, fart, or breathe, drive, flush a toilet…. And hey while your at it, turn of your computers and sit in the dark. Remember now, don’t move or freakin breathe. That’s the key….. love you bro, seriously go get money and take care of your family. What effect has all those NFT’s had on you life. Go look outside. Look around. If we’re going to just attack EVERY thing new that happens and it’s ALL BAD, then we all need to just give up living and go to the white box and sit in it. Or red or black or whatever color you want it to be. You know how much energy and fuel was used to get your vegetables if your a “vegetarian? So no matter what you do and how good your trying to be, something is effecting something. I respect your choice, but good grief this new world is sucking the life out of everything. Love your art bro. Peace. Sorry the message was this long, when I hit send, do you realize how much bandwidth is being used? Damn, my fault. And I’m not blaming you, I’m talking to these stoppers of ANY kind of life. Put your art where you want to sir.
Cant you just get a "copyright" or "TM" for your art through courts and sell it that way? There has to be a way to do this through court to make and sell digital art. I make logos and sell them to companies and they can copyright their logo to be authentic, and one of kind. WHy cant that apply to all digital art? That wont have any environmental impact. We need to make a patent type law for digital art. and that will be the answer.
With art you actually do not even need a copy right to sell it digitally. Part of copyright law is that when a piece of art is created The artist has the rights to the peace.The difference between digital art and NFT is that the NFT is linked to cryptocurrency making it possible to release a certain amount of copies that in theory retain value and possibly increase in value just like a physical peice of art.
Yep, that would be the current way to do it. With NFTs people think they're buying exclusivity, but they're not. An NFT is just a digital file with a paper trail.
I have understood that cardano with the hardfork mary release allows now to create NFT that are PoS. And it's not a shtcoin, but the third largest... I think it is worth to pay attention to it. Also ETH high gas prices just make it unattractive.
This video and the ones showing you and your wife talking about how you run the whole business yourself is why I jumped at the chance to buy some of your shirts. You're an amazing artist and a great dude! I've sent this video to so many of my friends that have been geeking over NFTs. The planet is WAY more important than crypto art. I can't buy, like, $10K worth of shirts or anything, but I'll continue to buy your art to help make up for not making an NFT.
THIS is why you are at the top of my "Hero List"! I so appreciate your sense of integrity and honesty to have taken this risk, to pull back on something you don't feel 100% about. Bravo! You make many great points, and though there may yet be more info to surface or changes to the scene to come, you are taking a stand, using what you've learned so far, and doing what you think it RIGHT! As one of your fans, this video proves how much you value the 10Hun community. Awesome!
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
This is an important video. I'm glad he made it :) I respect him very much for admitting how he went about it at first as well. Mega respect points, haha
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
Not just bad for the environment, the whole copyrights issue being ignored for "money" is baffling and concerning how most people don't even care about the damage cryptoart is and possibly will be in the future if people don't act now. It says a lot about actual art and ethics.
Hi Ten Hundred! I read a comment from a guy in Venezuela who said a corrupt Governor in his area operates a block chain and it uses so much power his whole community is without electricity for several hours a day. I was really hoping for NFT's. I wasted many hours trying to understand what NFT's are, if they are actually profitable for a musician or artist, and how to use them, and from experts that did not say a word about the environmental impact, or even said anyone who purports NFT's are an environmental hazard are a hoax. I started to find out the grim reality is they are an environmental disaster. You present this issue in a very cogent, lucid, and concise way that I appreciate very much. Thanks for your magnanimous deed to humanity by informing us very well! I hope NFT sites will become 100% wind, solar, etc... off the grid nonpolluting powered! I wish Elon Musk would design the first alternative powered NFT site!
Ten, Both of these new projects are dope. Glad you understand more about the harm certain things bring to this world. I am an airbrush artist so I have been in your shoes where the paint I used was bad for the environment. So kudos bruh! you do you, you gotta look out for your family as well, but be educated at same time. Would like to see more of your new environmental stuff, the flower pic also looks sweet.
Long time viewer here (been watching for a few years now) and a strong climate advocate. Much respect for your decision and I appreciate your honesty in this video! Would be cool to see how you could use your artwork to not just avoid hurting the environment, but to take that one step further and inspire some climate action (can your house use solar panels? hehe). All and all, glad to know one of my favorite UA-camrs can "walk the walk" and have such integrity :)
Dude, I respect you even more now. Its easy to jump on a trend and make some extra cash but you listened to your fanbase and realised the issues with NFTs. I truly hope PoS will become available soon. I am definitely interested in acquiring one of your NFTs now.
Something similar happened to me but I didn’t lose money. I traded with nothing to show for it until I contacted a pro broker who trades for me and returns profits
This is the first video I've ever watched from you and I already love you dude... As an artist I was so excited to get into NFTs, I found your video because I was curious about the impact on the environment. This sucks so much, I really hope everything changes in the future.
So happy to see you make this choice. I have other artists that I follow that have produced loads of nft's and even when confronted with this information they don't care about anything except the money they can make. Thank you so much for taking the time to research and for having the integrity to do what you felt was right for EVERYONE, rather just a wallet.
They ARE tradeable, just not able to be substituted. Like his analogy about money, you can't trade for something that counts as the same thing, because each NFT is entirely unique. Another analogy is like a fingerprint. Yours is unique and can't be substituted for another finger print. Basically it's like that, hope that helps :)
Fun fact for artists: *There aren't any background checks to make sure an NFT seller is the creator.* The market is new, and it's a free-for-all. The only real background check for NFTs right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art thief hasn't already made one of yours. If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you actually _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto has more than enough money to fight you in court by now. Not only are NFTs irregulated environmentally, they suck in every way possible for artists trying to find a big break.
This is not only false, it's just straight up fearmongering. 1. re: no background checks - yeah, the same exists literally right now. I can open an IG, fake a small creators name reup their art and sell pirated prints. 2. re: you can't make your art if someone's minted it - literally OBJECTIVELY false. I can NFT the period at the end of this sentence, and you can, too. You can mint literally anything, multiple times, what is unique is the TOKEN. Just because I mint Mickey Mouse doesn't mean a.) I own mickey mouse b.) someone else can't mint mickey mouse 3. whoever steals your art has to pay real money to mint it, and more importantly, SOMEONE HAS TO BUY IT, and the people in the space know what they're doing so they're not buying art without verifying the artist's identity. The real issue would be is someone famous steals art, which happens ALREADY.
I can only guess, that many artists watch your channel, and a percentage of those could have been thinking of going down the NFT route. If you've discouraged a percentage of them, then you've helped hugely with lowering the enviromental impact
As an artist my heart bled a little over this BUT then I dug deep... NFTs and crypto in general are not wasteful, this is a misconception, the energy cost is necessary for creating a secure and decentralized network. Its part of what makes it far more resistant to control and manipulation by powerful entities like governments. MORE importantly in this situation is that when you factor in the cost of paper money and coins and banks and all the massively wasteful infrastructure that is needed to make those run, crypto (and NFTs) are FAR more energy efficient option! They would actually use less than 1/12th of the energy! Talk about saving the planet! Highly recommend Dan Held's article on medium called "PoW is Efficent" to hear another side.
This level of honesty and transparency is so rare
@Foesad 5150
lmao is just absolute BULLSHIT, this guy know absolutely nothing about crypto
LMAO at 6:00 the dude edit a piano
@@bonjourbonjour2754 they meant transparency into how people react to say. Everybody tries to act like they're all high and mighty and makes the right moral choices, but he clearly admitted all of his faults in this video which is something that is not often done. And of course he doesn't know a lot about me, that's why he researched it. And you don't really have to know a lot about cryptocurrency to know that this particular type of cryptocurrency is horrifically bad weather environment as it is right now
He is honest, but he's also wrong. Do your due dilligance and research it. Crypto is heavily moving to renewable energy, unless you're living under a rock, el Salvador has just made crypto legal tender, and are setting up volcanic powered facilities.
And then go look at how much energy is used when everyone puts up xmas lights, more.
I'm a conservation biologist and I can say from my personal experience in my industry that your choice is the rare one. I'm happy you made it.
I really have to say that a huge amount of this is disinformation, and generated and propagated by people who have clear interests in ensuring smart contracts and NFTs aren't broadly adopted.
People are making claims based on the Medium article and the cryptoart.wtf site and its research which are hugely separated from reality, and how blockchain, specifically ethereum OBJECTIVELY work. The amount of FUD and lies being spread is ridiculous.
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
@@joshuadav10 This is the type of argument I come across a lot in my industry. Just because other industries produce waste and use energy doesn't mean NTFs should be able to too.
People from home may be posting comments from iphones, but they are still able to make environmentally responsible choices like buying a used phone or using their current device until it no longer functions (then recyclingit); buying a bidet and going toliet paper free; minimizing flushing by being conscientious of water usage or getting toliets with smaller tanks installed; eating less meat; and buying an electric car if possible (or walk, bike, take publuc transit when possible). In addition to that, they can not contribute to NTFs.
Before the video was posted, my husband and I were just discussing cryptocurrency and his explanation of why they're not environmentally friendly was the same as tenhundred's information. My husband is in IT. He understands the industry well. There is hopefully a future where we have learned to reduce our power consumption on an industrial scale, because individual contribution (turning off home light etc...) is still worth doing, but is so small compared to industry. And a future where we have predominantly green power sources. That will make the power cosumption arguments against NTFs negligible. And if people want to get more innovative they could find a way to heat a the building those computers occupy, haha.
My stance will always be to reduce energy and material consumption, buy reused/thrift items as much as possible and recycle as much as I can. The idea that "well other industries use more power, so NTFs should be no problem" isn't the type of argument I can get behind. All industries should consume less.
The argument is not - and should not - be that NFTs aren't bad because we do other things that produce emissions; thats not the point im trying to make
The point im trying to make is the SCALE at which these NFTs are supposedly being produce is wildly miscalculated and has spread from a tiny handful of sources unbacked by either peer review, and disconnected from how the technology works. As a scientist, I think you would agree that itd be better to have verified sources and preferably peer reviewed work - or at least an iota of understanding of the basic and fundamental mechanics of a technology before writing an article and causing panic
2. My friends are receiving death threats for making art and finally making money with it, because of disinformation designed to make people afraid of a technology that has existed for YEARS and for all intents and purposes has worked to improve its carbon footprint and in no way even remotely rivals the emissions of other industries, technologies and systems we use on a daily basis to post cat pictures from work.
@@Iradeza also i apologize, rereading my comment I really should have made clear, I don't want to suggest nfts are ok because other things are bad, the point of the comparison is to show
A. Other industries produce a far greater carbon footprint
B. NFTs aren't as bad and will REPLACE those
This is so discouraging! I was just getting excited about NFT art and trying to find out more about it, and some people pointed me here. Thanks for this video though, it's very helpful, and the small amount of research I've done just now seems to agree with you. It's a shame that crypto and NFTs are structured this way, but I think I also will have to wait until there's a more eco-reasonable way to partake in the scene.
the legend himself
Hello Peter - I'm here for the same reason!
Thanks for checking out the video. Sorry to be a wet blanket on this whole thing. I was so pumped up and ready to dive into this world full force!
Do one peter!
@@TenHundred No need to apologize, you did the right thing, even if it's not the news we wanted to hear!
I love that you didn't just stick to your idea and not only changed your stance, but educated us too.
As a sustainable artist I was so excited about NFT's thinking less impact on resources...how wrong could I have been! Thank you so much for sharing this video, and I can't even put into words how incredible it is that you made the decision not to go through with your original plan because you don't want to destroy the eco-system for your daughter - now that is pure love, if only more people thought the way you do.
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
But no one cares if it’s uploaded to the block chain I can just screen shot
@@marksamson932 Crypto mining is all block mining. It's not just the artists that are responsible here. It's everyone purchasing, trading, over-clocking, and upgrading their PCs to unfathomable processing speeds that's the real Carbon issue.
@@ultimatelyawesomeultranigh384 it’s not even on the block chain. It’s just a link that can’t be altered. So it will be code with a dead link in the future. I bet everyone wants to pay top dollar for that.
Thanks so much for watching!
The artwork from this video are available as Prints here: www.tenhundredart.com/prints
** Update: By popular demand Single Prints Added // No longer just available as a bundle**
For every Bundle order we will plant 10 trees.
For every individual print order we will plant 5 trees.
Details on prints at 18:33
These 16" x 20" giclee prints on museum quality archival paper also come with 2 stickers.
This is a timed edition and these prints will be available for the next 5 days (edition closes March 13 11:59pm EST)
Thanks for being awesome
I am sure that you will enjoy profits from the sale of the prints, and the planting of trees is a wonderful bonus too! I am just another viewer and subscriber who commends you for waiting on the crypto currency at this time. Thank you for sharing this video!
You are incredible man. God bless you.
Oh, and on a lighter note, for some fun, joyful and nostalgic video ideas after this: Would love to see a ten hundred pokedex of your own pokemon or fusions of existing pokemon or just redone or re-attributed (like a fire version of squirtle or new elements for that matter). Even if it's just pokemon inspired, please Ten Hun...please make this video 🙏🏽 #tenhunpokedex
👏👏👏👏
Absolutely fantastic video. I went through the same exact steps you did except that my video went up before I saw those articles. I'm in the same boat, I have no idea where the truth lies so I decided to err on the side of not destroying the environment and I'm stepping away from NFTs as well.
I'm super pumped about what this means for artists. If this is the future the opportunities will still be around in a few years when they get all this cleaned up.
i saw Brad's video like an hour before watching this so oh thank god this comment is here
You should do another video on the environmental impact of nfts. Bud ideas :)
"so I decided to err on the side of not destroying the environment " - Mega props Brad. If only people were more altruistic like that.
Thanks so much for watching. I think I watched your vid in the lead up to me making NFTs.
If you think NFT's are bad for the environment, wait until you hear that high definition video accounts for 60-80% of web traffic, and at least 50% of the global electrical energy supply is from environmentally unsustainable sources, like oil and coal.
Rough estimate based on an article published by the International Energy Agency has each view as the energy consumption of driving 1/10th of a mile, assuming that view is coming from a country that does not have a highly sustainable electrical grid (ie. US, where most web traffic is coming from). At the time of writing this I see this video as having around ~36,000 views, so that could have theoretically powered a car from San Francisco to New York and 1/5th of the way back. Ten Hun's most popular video at 1.9million views is equivalent to over 12 years of the average Californian's mileage.
My point in writing this is not to be harsh, but pretty much everything that we do contributes to global climate change. Championing sustainability through avoiding something fairly inconsequential like a few hundred transactions on an overseas server does much less than pressuring your local and federal politicians to make lasting changes to our global energy supply, and pushing for sustainable initiatives that would fundamentally change our infrastructure for the betterment of society and life on Earth. After all, it has been shown that internet traffic at scale is not nearly as consumption-heavy as internet traffic at smaller volumes, and companies like Google have been able to effectively build sustainable infrastructure for their servers (although the consumption is dwarfed by that of everyday consumers).
im so glad he isnt one of those artist who ignores his followers concerns .....he listens to us and what we have to say...love you bro
How much energy does UA-cam consume, and is it more or less than NFT's?
@@fishbrainCTRL the thing you have to look it is the overall consumption per person. if the market volume of NFTS became something similar to youtube it would be an absolute disaster.
@@MFMArt got any stats on that, or just a big what if?
I hate when arrest care about that shit like there’s so many terrible things if you’ve ever participated in Bitcoin you’ve done terrible damage same with if you’ve bought an iPhone, the amount of different batteries you’ve consumed in your life has fucked up the environment so much ppl only pretend to care out only hope is technology saving us which actually will probably happen
@@goatpepperherbaltea7895 USD is worse than bitcoin comparatively. Buying merch with $ does far more damage than crypto
with a ton of artists I follow now disregarding the consequences of NFT and just jumping on the bandwagon, it's great to see you make a video like this and we need this to be seen and gain traction. the reward at the end of the NFT path is definitely huge, so major respect on taking the moral route and doing the research, as well as educating others with your platform. looked up your work cuz of this vid, new huge fan here. 👍
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
Stop Virtue signaling this is pathetic
@@marksamson932 are you a spokes person for etherum? What’s going on here.
For everyone not really into it. Tenhun just decide to miss out on around $500 000+ of cash (depending on way of dropping) in order to save the envoirement. Its a big move from him. Very very honorable!
16 hours ago but the vid upload like 7 minutes ago ^-^ explain to me
Hacker man
Well, imagine getting super rich off of this stuff, and in 10 years your daughter asks you how you got that money. Not worth it in the slightest.
@@rukaikyu Sometimes patreons get access to non-public videos on yt, which are already uploaded, but still set to private. Kind of an early access.
he missed out on way more than 500 bucks.. his work would sell for way way more..
Man Ten Hundred, you’re just a damn awesome human being. I already had a ton of respect for you, but you making this video really blasted that respect into the stratosphere for me.
Thank you for listening to your fans and taking the time to do research. Thank you for changing your plan at the last minute and making an educational video instead of just going through with it.
You’re a damn good one and I wish nothing but the absolute best for you and your fam!
"Taking the time to do the research"
A lot of that research, is unfortunately based on misinformation. He's an EXCELLENT human being for doing what he thinks is right by the environment, but has been at least partially deceived.
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
He also was wrong and the website all these claims come from has been taken offline by it's author.
@@seemjibernadino6487 If you actually go to description, and find the link of the source, its not offline
@@oldtelephone Hey, thanks for the input. The website is still up. The tool has been taken offline. My wording was deff off here.
Massive respect to TenHun for this, it’s a big chunk of change that’s being dangled at the end of a pretty freaking nasty rope, he took the time to educate himself about it all, saw the costs and decided against it. That’s a BIG move and I admire that hugely, it prize is big from NFT cryptoart, but it ain’t worth the earth
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
I've stopped consuming your videos since you said you were going to produce nft's, I've seen lots of people being so rude and making such a speech about these shit, I was hopeless, but I'm so happy to see you doing this video, you're really the artist I felt you were, thanks for sharing all of this information with your community. I know this video in from Mar 2021, but I'm just watching now in Jan 2022 cause as I said, I was not consuming his videos anymore, missed you bro
Thank you so much for making this. It's been incredibly discouraging seeing so many artists hop on board and then fight their fans for making a decision that would damage the environment so severely. Mad respect to you for being honest and doing your research
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
Respect to you for being so honest about wanting to continue your plans, feeling defensive and brushing the issue aside at first! Andfor still going with your gut and looking deeper into the matter in the end.
@Merlin thanks for the positivity :)
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
Huge respect for the tough decision you had to make here. Letting go of days of work, and large sums of money is something a lot of people just wouldn't have the strength to do.
Will be buying the drop to support you, and this decision 👊
Respect 🤘🏼
Yeah, it takes a lot to do a complete u-turn on a project that was already finished. Props to him
This very platform uses more energy in one hour then all of blockchain combined that is based on scarcity. Do your homework and research. Stop listening to google and media. They are the 1% who want to crush art and everything that is beautiful of being human.
✌🏿♥️✌🏼💜✌️
Now go tell gronkowski
@@onesocialunited truth.
@@onesocialunited people read one blog post and are instantly convinced 😂 sheep
The “Growth” piece fits this video better than it would have the original NFT drop. It’s a little bit ironic haha.
I appreciate that you chose to put the environment before a very tantalizing payday - this just adds to the respect that I have for you as an artist, and I feel comfortable continuing to support and love everything to create and do. ♥️
Dude this was super eye opening and I am one of those guys who should know about this! Kudos for doing the research and making the video about it!
Ecomi VEVE Digital NFT's are 100% carbon neutral and safe for the environment!
Did you know that Bitcoin uses nearly 1% of global energy ?
It takes energy to topple the fiat system and end the petrol dollar. The net benefit to the environment will be orders of magnitude greater than the energy cost.
Thank you for being REAL. For having an open mind, owning your truth, and not jumping on the money train compromising your values. It's an inspiration to see someone you already admire using their voice and being true. This video will make positive waves thanks to you.
I still don't get what an NFT really is (but I'm old and don't really get cryptocurrency either lol). But I do have a lot of respect for someone that will admit when they were "wrong" and will publicly tell the entire world they believe they were wrong and not double down douche. You're a good one.
Its basically a jpeg that you have proof there is only one. It's the new hype like ICOs where in 2017. Yes, artists are making money and being "empowered".
Everyone in crypto feels rich right now because everything is going up and to the right but when the bear market hits, this will be the first shit that goes to zero.
Creating collectables
These folks are only relaying a small chunk of what NFTs are.
NFTs are essentially metadata sitting on top of digital money. It can be text, pictures, audio, video, whatever. When you tokenize something like this, it becomes unique, and non fungible (NFT), like if you traded a dollar for a Euro and wrote or painted something on it.
Now, NFTs are not limited to art/music, and allow parties to transact and make contract together. So a person with no acces to dob/birth cirtificates, house/vehicle titles, insurance, ID whatever, can prove they live where they do, and engage in financial systems without documents the govt or corporations normally require when getting a bank account.
NFT's and art are a small portion of the true revolution. and it's not nearly as ecologically devastating as people are saying it is.
@@joshuadav10 Alone NFS is not ecologically devastating. But the way that crypto works right now is.
@@BadCatArmin I'm inclined to agree to an extent, but not fully, because there are LOADS of different types of blockchain tech, and increasingly few of them rely on PoW to provide security and stability to the network
I'd heard that crypto was bad for the environment, and this is the first time I've heard it explained. Thanks for this video, it's really awesome you were able to stop before it was too late!!
Crypto is not bad for the environment change your tampon mary
It also allows people in third world countries access to a digital currency where they either don't even have banks, or they charge a lot of fees. I've tripled my investment of Bitcoin in a couple months and I could not have done it otherwise because of how capitalism "works." 🙃
@@grumpybear123 youre trying to get people to buy into bitcoin so you can make money. very transparent. people in 3rd world countries are also the ones suffering the most under climate change caused by your crypto currencies, friend. lot of those islands are sinking more underwater every year
@@grumpybear123 you're saying it as if third world countries are 100 years behind or something
@@amefuraggamuffin Lol I'm not trying to get anyone to do anything, I'm just sharing my experience. If I had left what little money I have sit in a savings account, I'd have nothing to show for it, yet banks use that money to lend to others and make interest off of it.
This guy can LITERALLY MAKE MILLIONS and he chooses NOT TO, for the sake of human kind... I can't explain how much I'm proud of you
... assuming someone wanted to millions for some youtuber's proprietary jpg... Which... Why?
... Just make memes. People who try to copyright memes are idiots.
Major respects for releasing this information.
I was just going through the same route for these past weeks... I was ready to begin the process of releasing my first NFTs and came across an article by Jeff Wilser that mentioned the notion of Environmental Impacts when minting. He provided a link to Everest Pipkin's "HERE IS THE ARTICLE YOU CAN SEND TO PEOPLE WHEN THEY SAY “BUT THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?”
We are all responsible for our decisions and most certainly for the results those decisions yield. For now I will continue to stay put with the current digital art trends because it is inevitable for artwork production, distribution, & display to follow digital paths in the near future. That being said, I will be on the lookout for a platform where my artwork creation today does have detrimental effects in our tomorrow.
"...in a digital context scarcity must be constructed- there is nothing that demands the next block in the blockchain be harder to make than the last. If anything, the opposite should be true- computers grow ever more efficient and powerful. This means any scarcity is artificial, a process that demands ever more energy, ever more resources lost to continue to operate and return, for no other reason than to insure that tomorrow it will be even more expensive- which makes the wastefulness of today a good investment.
This is why cryptocurrency is valuable. There is nothing high-tech about it. There is no miracle. It is simply futures speculation without the speculation- no guessing required, because we know it will be more wasteful tomorrow; it is baked into the tech.
All that [current] cryptocurrency does is abstract resources into a market by making those resources unavailable to the future."
- Everest Pipkin
Main article explaining NFTs by Jeff Wilser: www.coindesk.com/nfts-became-art-everything-nft
Environmental impact : everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3
As an artist I was so hyped to get onto this nft business, I still love the idea of it, but I think I'm going to wait until we're a lot more renewable energy dependent
for your consideration:
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
@@joshuadav10 dang permission to copy paste this because the amount of misinformation about it's environmental impact makes my head spin.
Finally a clear cut argument , it's important to see both sides of the coin.
@@lemonpie8819 yeah no sweat
@@joshuadav10 thank you for this.
@@joshuadav10 This truly reminds me of the fossil v. fusion. Yes nuclear energy comes with cons but it's not fossil fuel. It's not killing millions a year without anyone really knowing for a very long time. Nuclear energy is way better for the environment and us, that's with the waste included. Yes nfts arent great but that's a problem that stems from the setup of power grids and computer manufacturers. If they had ecological computers running on renewable energy then it'd be fine. The nft is not the problem. It honestly solves a lot of problems (now if we could only attack fast fashion the same way), it just needs better infrastructure to run on and it'd be more clean than renewable energy. Copying that comment and taking it with me. Immediately thought of kurtzstag and their most recent video on nuclear energy being way less deadly over a long period of time.
I really respect your transparency in the process of responding to the information about NFTs, including how you were defensive at first and how you came around to the decision you did despite it not really being in your favor/not the outcome you wanted. That is how people learn! And what a good example to set. Thank you :)
Absolutely nothing but respect for Ten Hun on his decision. Thank you for being so respectful and forthcoming with the knowledge for the rest to get a better understanding of NFTs.
Incredibly mature & helpful how transparent & up front you were about your trouble accepting the information you didn't want to accept. It means a lot to have people out there who can inspire others to see that process as natural, & human. Good work. Massive respect for that.
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
Yeah dude, your art brings so much happiness already. I had to move and my friend said he'd hold onto your skateboard for me since he's getting back into skateboarding, and when he saw it was a Ten Hun art board he freaked out and got so happy. That's the type of impact you already have in the world. No need to hurt the environment along the way if you're already good with yourself and your fans without hurting the environment =) Also, NICE storytelling dude. I don't know why that felt so rare, but the way you brought me along with your emotional process was stellar and really made the learning process feel immediate and refreshing. I didn't even know what an NFT was before this video. Now look at how much I know!
Wait for the Cardano Blockchain (which already is proof of stake) to add NFT Support and then drop your art there!
or just use Kodadot, which is on the Kusama Network, which is already live - or one of the NFT platforms on Tezos which has been live for years. Ethereum is bad for the environment (currently), Cardano is bad for the soul.
Zzzzzzz
This!!!
Exactly, wanted to Tell the same cardano is coming with their own nft support, maybe get in touch with them. They might be hyped to collaborate with you!
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
Im so proud to be part of a community where an awesome artist will get more info on NFTs and make sure to include that into in their own video. The fact you also decided to not make one is so profoundly dope, I’m so happy. I feel like so many artists went through the same rollercoaster so I’m glad to see people publicly moving away from it.
Glad you did this ten hundred not just an amazing artist but a good person trying to do the right thing!! Thank you ten hun
DANNNNNNG I was sooooo excited to release an NFT version of a project I was working on but this is way too real. No NFTs for me rn. Those numbers are BONKERS. I feel guilty about my digital footprint as it is. My mind is blown by this. Just wiiiiiild.
I had no idea what it was, but damn. Hopefully other people do their research and follow ten hun.
@@yaminogame7805 Its a little misleading. Most blockchains for nfts are not proof of work mining and use significantly less electricity (no more than running your computer(. Bit coins is not used for NFTS. Ethereum is currently still proof of work however it is switching away to proof of stake in the near future.
UA-cam used 200kwh last year. Bitcoin used 100kwh. Ethereum used 30kwh
stop watching youtube please, your digital footprint is too large
I feel guilty.. drives a fucking gas car, uses electricity at home and eats fucking gmo shit.. fvcking soft ass punanies hahaha more *ETHEREUM FOR ME* Thanks toots!
This goes beyond just nft, the mining crypto uses tons of energy...
Ten Hun: I don’t know what happened here it’s all made of plants.
The environment: Lit he got my message.
Mad respect for doing this video and offering the different sides and information we have now, keep up the awesome work sir =D
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
We are so proud of you Ten Hun, Tremendous amount of respect to you from me and anyone else that found this video immensely valuable and enlightening. What a breath of fresh air. I am hopeful meaningful doors will open themselves to you as a result of your courtesy and sacrifice to postpone your launch. Congratulations Ten Hun!
Wow I would’ve never even though about the fact that something on a computer could consume so much energy
Yeah me too. I think the lack of awareness play a big role on why people jump right into it without hesitation or to further educating themselves upon this issue
Yeah, it's pretty crazy when you think about it. It's worth noting that this energy is not being used by a single computer, though. Instead, it's many computers working around the clock to solve the "puzzle" - this is the "mining" part - in hope of getting the "reward".
You should probably stop using your computer because of the electricity it consumes. And stop driving too because of the emissions.
@@ananta6113 for me it was the amount of money people were making. That was what pulled me into it honestly. I felt like finally, I can use my skills to be productive and use that money to help get myself and others around me out of debt. I knew mining required energy, and I knew gpu farms existed, but I didn’t realize it was so much energy. My own bias and greed blinded me to the fact that I shouldn’t jump into this either right now. Maybe in the future we will have a much more sustainable hold on this, but for now I’m going to wait. I hope others can do the same.
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
For me one thing is that now companies (NFT companies of course) are saying "welcome to the first eco-friendly, NFT market" but that's a little to green-washing, considering that nothing is changing in the way they operate so.....yup, there's that too :(
edit after the video: man the way you managed the last part of your art, from a jewelry designer to an illustrator and i kinda sense, musician? that was dope as hell, so, i¿m subing
Dude, please never stop doing what you do. Your art is absolutely amazing but the fact that you care so much about where your work goes, sets you aside from so many other out there.
My opinion (to be clear) . Your digital footprint with your videos here on UA-cam probably have the same effect.
Does anyone ever checked how many electricity they use to keep UA-cam Running? Every device that is watching your videos also has a effect .
I respect that you did the research and don't want to cross that line but I think it has 2 sides (like you said) and everyone needs to chose his direction
Damn this video just sealed the deal that you are my favorite artist 🔥 so many artists seem to be hopping on the NFT train to make crazy money, not realizing the consequences. I didn’t even know the consequences were this serious!
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
You have now reached hero status in my small little world. Thank you for being a hero and making this message.
Another downside, which doesn’t get talked about so much, possibly because it impacts the whole cryptocurrency/crytotoken business, is that the fundamental provability of your token (be it ownership or stake) relies on the validity of the blockchain. The proof is based on the fact that each time a token changes hands that is recorded mathematically in the blockchain so if later it is challenged the chain can be read and the proof found, any corruption of the chain or unauthorised changes at one point will invalidate each point in the chain after that point. Many crypto fans chain this makes the blockchain tamper proof, they are wrong of two fronts there. It doesn’t stop tampering but should make it obvious when tampering has occurred, the blockchain should be tamper evident. Unfortunately the one person/group/organisation that can change the blockchain without the tampering being evident is the one that hosts and controls it. The defence against this is to record transactions on multiple blockchains, if you have three blockchains (which will put up your transaction charges) and 2 say one thing but the third says something else you go with the two and correct the third. Unfortunately, much like how most media outlets are controlled by a handful of corporations, different blockchains are ultimately controlled by a very small number of corporations.
NFT’s are coming to Cardano, they use a ridiculously small amount of energy to run the whole system because that’s the way it was designed to run
Cardano is Proof of stake and it's coming this summer.
thank you!
This is why researching on your own is so important! Such an interesting and important topic, glad it’s being discussed .
I respect the hell out of you for being willing to change your mind, especially when you stood to gain so much. That said, the negative articles you referenced rely on a faulty premise.
The Superrare article included a study from the University of Cambridge. It explains that essentially the blockchain is like a train and an NFT is a person getting on the train. Adding a person (or NFT) doesn't increase the energy usage of the train. At all. And even if the blockchain wasn't used at all it'd still use the same amount of energy.
Hmm... that analogy really doesn't add up. If no one used the train, the train wouldn't be run. If fewer people used the train, the train would be run less often, or smaller trains would be used. Also btw, an empty train obviously uses less energy than a fully loaded train... like... that should be immediately obvious to anyone, right? Similarly, if fewer transactions were added to the chain, fewer blocks would need to be verified, and there would be fewer rewards for verifying transactions. If no new transactions were added to the chain, then there would be no incentive to mine. If there was a massive uptick in transactions then there would be an increased demand for more miners and an increased incentive for miners to expand their mining capacity, as there would be more rewards up for grabs.
The total energy consumption of a blockchain is absolutely directly connected to the amount of transactions added to that chain. It has to be, just based on basic thermodynamics. Computational work is still physical work, it is still subject to thermodynamic constraints like entropy. Actually, the connections between thermodynamics and information theory are super interesting. Anyways, if you could compute more things (i.e. change the information entropy in a system) without using more energy, you'd violate the 2nd law of thermodynamics. Basically, you would have made a perpetual motion machine which is usually not allowed in physics... unless you're Maxwell's Demon, but we don't talk about Maxwell's Demon.
Just print them out once, delete the digital file on your computer, then BOOM a real life NFT.
It's great that you looked it up. A lot of people want to try something without really knowing what they are getting in to and without bad intentions. Later they find out what the downside of all of it is... So much respect for you looking everything up, listening to fans/followers and making a well thought out decision.
Hey man, really great video! It was another artist's tweets/articles on their regret of putting out an NFT collection and finding out the environmental impact afterward that informed me about this initially. I was similarly doing research for my own video and I'm so glad I was able to include that information in the video.
I watched your video. It was really good and did a much better job at explaining what NFTs are than mine.
@@TenHundred ha I appreciate that, I think you did a good job.
Needed this video!!!
I've never felt so old until today. NFT, I thought it was Dirty...
Well, I guess it kinda is.. but not what I was hoping 😏
Haha hi adc art attack!
Did you know UA-cam consumes more energy?
NFT would have stood for NOT FOR TRADE, but yea, feel old because you didn't know what NFT meant since half a century ago.
The network runs. If you do the NFTs or not there is no additional cost of energy. His youtube video created more pollution than an NFT would.
@@Midg-td3ty Not true! look into how NFTs work! One NFT could use up to the same amount of power as an average home for 30 days!
"Destroyed" is hyperbolic.
Even if we assume everything in the medium article is correct (which it is not), the entire NFT market right now would equate to just 0.0006% of global emissions. So even if you were insanely successful in getting everyone to stop selling NFTs right now, you would not be able to observe the impact.
Secondly, the site you pulled most of the data from "cryptoart.wft" is now widely contested by developers who understand Ethereum (tldr, transactions have no effect on mining, and more transactions are not causing ethereum's price to rise). More reading: blog.georgeoughttohelp.com/youve-been-mislead-about-the-environmental-cost-of-cryptoart-nfts/
Thirdly, you should be comparing NFTs to other sources of artist revenue... like merch. Do you realize that selling 10 T-Shirts from your merch store is the equivalent cost of 1 NFT (if we use the cryptoart.wft source)? And since you would make drastically more profit from NFTs, you could switch from selling merch to NFTs and you have a multitudes more positive impact on the planet. More reading: sterlingcrispin.blogspot.com/2021/02/crypto-art-sky-is-not-falling.html
Personally I think the only reason this being so widely talked about is because it's new and some people are getting wildly rich from it. It's hard to convince people to stop consuming coffee and beef, but it's easy to tweet out hate to artists making a living from NFTs.
Funny how the only factual comment gets no attention :) This video means well I'm sure but it's a gatling gun of misinformation.
Hey its Marc Brunet!
Amen. I deeply appreciate this well thought out comment and think its a shame it's getting less likes. I'm sick of this virtue signal guilt trip grift from uninformed artists crying chicken little.. the sky isn't falling. No one criticizes gaga or gates for their carbon footprints....
@@saraphinn8090 these are the types of people you see waiting in mcdonald's or starbuck's drive thru's every morning, trying to lecture you on doing anything because of the environment.
There’s nothing wrong with wanting to be more environmentally conscious or to intentionally do an action that is environmentally sound. He didn’t release the merch because he didn’t want to as the power consumption behind etherium was concerning. We also know for a fact that cryptocurrency mining, no matter how much you want to act like it ISN’T, is power intensive with quite literally no product. Even if your sources dispute the amount of power, it is not unreasonable to assume that it uses QUITE A BIT. So I don’t think he was wrong to not drop his NFT’s and would rather wait for a more environmentally sound solution. The only person who “lost” is him, and probably not considering most artists who avoided this will hop onto it once private block chains fill the need that artists wanted to avoid.
“I’m unique I’m already non fungible” 🔥🔥 super fire dude
You just changed my mind. I’ve been researching on how to mint my own tokens. I wanted to drop some NFT’s as well until you just educated me.
It’s not even bad. You’re using a computer right now, everyone using loads of computing power every day. Big banks don’t want people to move to electronic currency since their power is held with the physical dollar
Same here, maybe in the future when it’s more regulated and efficient. But I’m pumping the brakes right now.
.
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
@@joshuadav10 I seriously appreciate you take the time out to not only further inform others but having the patience to type all of that. 👏🏼
@@joshuadav10 @ten hundred this guy broke it down for ya, big banks power is not in crypto but in the dollar hence the rise in propoganda deeming nft's/crypto as "bad for the enviroment". Im sorry, you got bullied into this conspiracy.
First of all... lots of respect for listening & researching on the topic Ten Hun. I would have to do more research on this but from what I already know and the info there is on the articles you posted I have some legit questions for the community...
It seems the problem is the mining itself and how resource-heavy it can be... just to clarify I don't support this (mining) mainly because they have been driving computer components prices up like crazy, we all know that (silly reason, I know, but real)
It seems like the burden of the NFTs is higher because it can all be traced up to a specific file, your art for example, and while it increments the price more energy/mining is used for it (explaining it simple) so if we could trace the energy/costs in the same way of a car, for example, we would have to add the energy used by the factory, the employees, the mining for the materials, the materials used for the money we are paying with or if it is digital the bank services, the costs of the fuels, the energy to create the fuels, the garage costs and materials if you have one, and what is gonna happen to all that in the afterlife too well I hope you get my point. I like where the technology is heading but it does look like a high cost for it so will this make us more conscious about what we are doing everywhere else or is it making us too paranoid? Could a youtube video be making sort of the same impact as a cheap NFT? (considering it has to live on a server 24/7)
P.D. Sorry for the long comment... peace
What about Open Seas lazy minting? Where the transaction isn't constantly on the ethereum blockchain until your NFT is sold. Thoughts?
I was so happy that maybe NFTs would be the a small help in terms of economic situation but now I see that it would not be the case.......why is so hard for a artist to bring food to the table?
People are not hungry for art.
Digital painter here: for those of us who decided ten years ago, that we wanted to be spending a week on one painting with a week of research and sketching and 3d’ing in between so we can make dope MtG-style painted fantasy concept work, nft’s are not just an environment destroyer - it’s also a investor’s game that will warp the art market even more in our disfavour, since our customers usually buy the full license (except for physical reproduction rights aka prints) and the market already seems pre-flooded with photomanips and 3d-mashups that can be serialised almost infinitely by people who has spent the last 10 years growing social media audiences over studying painting and industry networking. 🥳
Thank you for not being blind to the impact, a lot of people just would ignore it
I'll be honest - I don't really know this channel nor do I care about anything that came past 13:13 (which is the art video)... I just came across this video while searching for info about why are NFTs bad for the environment and I had to give you props for backing out of it at the last minute. Also, thanks for linking the articles in the description so more people could educate themselves on this topic.
I know this video was made a while ago, but I just want to say how much I commend you for your decision. It takes a lot of courage to do what you did! So I wanted to say thank you. Not only for standing up and doing the right thing; but presenting a logical explanation for why you did what you did. The more people that refused to participate, and state why they're refusing to participate puts more pressure on these companies to change the way they do business. Kudos to you!
I can very much appreciate this take on NFTs.
Yo... TenHun should definitely make a coloring book..... that’d be sooooo cool. Then we could send in our colorings and he could review them like it’s grade school 😂
He did make a coloring book. Idk if its still there but it was on his website at some point
And when the hype is all over, the NFT buyers remorse will be real, and tangible art will be the most coveted. Keep it physical!
Hey Ten! Im an artist too and got in the same kind of situation, with an initial pretty-excited-to-jump-in me and then got the cold shower with how damageable that whole thing is. Im glad you decided to stay true to your convictions! Thanks for sharing man, take care
repost from my comment above
There is a HUGE amount of disinformation being spread, and I'll keep saying so, because a lot of people are just being straight up lied to.
On the ecological impact:
Half the people sharing this information are commenting from iPhones shipped from Amazon, as they sit on the toilet after eating meat, wipe themselves with perfectly clean paper, after taking a dump in a pool of perfectly clean drinking water.
The emissions from buildings, factories, meat production facilities (specifically cattle/beef industry) and all the assorted powerplants used to get us from point A to B in the mornings for the last 180 years FAR outweighs anything crypto as a whole could even remotely rival, which isn't saying much because the majority of this fearmongering comes from a Medium article and a single website which has since been taken down.
The information presented is just categorically false, and is predicated on assumptions about crypto that are simply NOT the case.
1. a single transaction costs the same as 1 million or 1 billion transactions in terms of PoW (proof of work) that people are saying causes all these issues.
2. NFTs, specifically COLLECTIBLES are substituting real-world items that have to be ideated, modelled, printed, manufactured, pressed, packaged, shipped and sent ALL OVER THE WORLD to consumers, generating massive amounts of garbage, waste, and emissions from production, shipping overseas, and delivery. NFTs shrink that to a single transaction, whose ecological impact is NEGLIGIBLE BECAUSE
3. THE NFT CLIMATE PROBLEM IS ALREADY SOLVED Most NFT marketplaces are already moving off-chain or have already moved off of Proof of Work chains. The NFT climate backlash is already 2 years too late to have any measurable affect on NFT climate impact, whatsoever.
4. Plenty of platforms offer GASLESS MINTING (ie no PoW, and no emissions) mintable.medium.com/gas-fees-suck-mint-nfts-without-a-transaction-on-mintable-8d54b85a471c
5. Half the world's NFT transactions are already on the Proof of Stake Flow blockchain (e.g. NBA Top Shot) - no energy-hungry mining required! www.cryptoslam.io/
6. The vast infrastructure and production systems that NFTs are poised to entirely remove are far more damaging to the environment than NFTs have been or ever will be. You can be infinitely more efficient and provide just as much value with an NFT, with a MUCH smaller cost and impact.
7. Buildings cause 40% of the world's current GHG emissions www.eesi.org/topics/built-infrastructure/description
8. Crypto causes 0.77%, even as reported by a highly anti-crypto article, clocking in at 37 million tons of CO2 which sounds like a lot until you compare it to the total annual energy-related CO2 emissions clocking in at 4.8 billion tons:
www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost
www.eia.gov/todayinenergy/detail.php?id=46537
9. Digitalization of banking caused 4,400 physical bank branches to close in the 3 years BEFORE COVID.
www.forbes.com/sites/palashghosh/2021/01/29/us-banks-closing-branches-at-rapid-pace-making-poor-and-rural-customers-vulnerable-to-usurious-lenders/?sh=49b056ec7691
NFTs dematerialize HUGE sectors of global infrastructure that DIRECTLY AND IRREFUTABLY DAMAGE THE GLOBAL ECOSYSTEM.
RE: Broader implications of NFTs.
NFTs are not limited to art and music as mentioned earlier.
currently 3+ billion people are unbanked due to lack of ID/papers/birth certificate/DOB, having no access to the basic financial services many take for granted. Because blockchain/NFTs require none of these and are based on smart contracts, people can bank, lend, borrow, transact, speculate all without needing banks or governments permission, and can actually prove they own their land if someone tries to take it. As we speak, peoples REAL homes are being stolen by govts and being resold to developers because they have no physical proof they own their land. With blockchain and smart contracts, belongings of all kinds and contracts of ANY kind will be able to be stored immutably and permanently without tyrants, government, thieves or hackers touching them.
Think I said this before, but I was in a similar place when I first saw this video. I was about to release my first NFT, but then learned about the environmental impact. I was working on a video about the project and everything. In researching it more, I found your video, and thus you. I love this video, but have also been a sponsor for the past 8 months and love seeing what you do. Thanks for using your popularity and fandom to spread the word about NFTs.
Props to you dude for doing your research and coming to the decision you did. I don't hate on artists super hard when they do it. they didn't create 'the blockchain'... But it does bum me out. this is refreshing. you could very easily have still put it out and you didn't. respect.
A businessman/artist with a conscious. Awesome!
Tenhun you're always killing it, i used to watch your videos for the art now for the music too 😂😂😂 , We respect your decision and we'll support you You're making the world a better place ❤️
Proof of Work = mining (solving complex equations using a LOT of computing power or Mining PCs and electricity in order to mine the coin)
Proof of Stake = using coin you already own to "mine" the coin you're staking -- the amount mined is dependent on the amount at stake (does NOT use any electricity or computing power)
That's my understanding of how it works. Awesome vid, very informative, and great to see your perspective. Also, very dope art!
So great to see you did your research before dropping your NFT’s I’m 64 and wanted to jump right in with my ideas of doing the same. I’ve been seeing similar artists being responsible like yourself in exposing the reality of what goes on behind this lucrative platform. Tremendous talent on your creations by the way unlike some that are just so lamely mediocre.
Your doing the right thing!
Keep on creating!!!
You are the best. Integrity is huge, I like you even more now.
Yo, these hater comments are wack. Let's collect them here:
"_Uh, UA-cam uses a lot of electricity too, so what's the problem_". Sure, but the problem is the cost of the action of uploading on youtube vs. cost of an NFT drop. You can't ignore what he's saying about the amount of energy used for this, and the ripple effects. He didn't talk about how much energy it would cost for _selling_ his work either. That's another 334 years+ of computer usage! He admitted he's still a consumer and small business owner.
"_All these people are using electricity to complain about using electricity_". Yeah dude, of course. But what a ridiculous argument. IF YOU HAVE PROBLEMS WITH ELECTRICITY, THEN YOU SHOULD USE CANDLES, HYPOCRITE. We all use electricity, but we all can look at how much is used for NFTs and be like, well, that's a bit much, and choose not to.
Don't get me wrong, the tech is dope. It's just not ready for mass usage yet, and it only gets worse each day. If every time you drove your car, your miles per gallon decreased substantially to the point of needed 207 gallons of jet fuel to go to work, would you still do it? No man. That's the problem with the current implementation of this tech. Every EFT drop, every EFT sale, every EFT edition done makes it more expensive to do for EVERYONE. Mathematically, it will always get worse in the current state of affairs. It's super cool tech, buuuuut, we can do better.
"Yo, these hater comments are wack. Let's collect them here:
"
Are you making comments up? All I see is people agreeing, I loaded every comment (not the replies though) and searched for the comments that you quoted, couldn't find them. Are all of these comments in the replies to the comments or did you make them up?
@@Liphzzy They are there. Not exact quotes, but that's the running theme. I'll get you some quotes
@@Liphzzy "did it ever occur to anyone the amount of energy it takes for your UA-cam video to be circulated all over the Internet through algorithms and search engines and all the other processes that may take? "
"Doesn't making videos use and cause the use of electricity??? This is the dumbest argument that people could make"
"Dude energy is part of the world even a real painting takes up space and takes energy to make dont worry the enviroment is not gonna suffer much coz of your one picture online"
"But how much does youtube use? I think I kinda dont understand"
"This pollution is happening anyways. They have been mining crypto for years. Might as well. We're all gonna die anyways"
"well shoot I guess everyone better stop making UA-cam videos too. the power it takes to operate UA-cam must be extremely worse than NFT's"
@@Liphzzy You're right, I should have been more explicit that these were summaries. I misrepresented what I was saying, that's on me. I wanted to do exact quotes, but didn't want to beat a dead horse, so I summarized the arguments
@@aKingInGodsKindom Dude, it's not all or nothing. It's not an option of "no electricity" and "all the electricity you could possibly do!!" . He admitted he has a small business and as consumers of his content and march, we love the capitalist side of things. The problem is starting a NFT chain that, in one go, burns an ungodly amount of electricity. And it will just burn more the next time around. I'm down with small businesses, and capitalism, it got me everything I have. I'm also down for looking at something that is absurdly inefficient and saying, 'Hey, the value return on that amount of resources is too much, lets pump the brakes until it's more ecofriendly'
NFTs or not, your art is still priceless!
Not until someone else turns your drawing into an nft without telling you lmao
@@mushmush4980 will that be possible? ,, i mean, isnt there anyway of doing something to those kind of thieves?
@@FREESRAF I mean there aren't any background checks to make sure the seller is the creator. The market is new, and it's a free-for-all. The only real check for them right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art theif hasn't already made one of yours.
If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto now has more than enough money now to fight you in court.
Props TenHun! I'm in the same boat of weighing the environmental impact.
I even got as far as uploading some to Rarible, only to find my art now lost in cyberspace after paying to mint them. Now learning more about the impact of it all. :(
Your nature piece speaks to the awareness of the issue. There really needs to be more intention going into all this instead of the greed fuelled hype, combined with people being on 'lockdown' for the past year and grasping at straws. That said, I'm still going to explore this market since I make motion-enhanced digital art... but looking more like I'll be holding off until a better system comes out. WARNING TO ARTISTS; Be very careful when listing on Rarible, it's expensive AF and your art might not even show up, plus it's totally flooded with all kinds of whatever clip art. --- I'm working on new platform that will have more integrity and environmental consciousness built in. cheers!
Listen bro. Just go get a white box and sit in it, don’t move, fart, or breathe, drive, flush a toilet…. And hey while your at it, turn of your computers and sit in the dark. Remember now, don’t move or freakin breathe. That’s the key….. love you bro, seriously go get money and take care of your family. What effect has all those NFT’s had on you life. Go look outside. Look around. If we’re going to just attack EVERY thing new that happens and it’s ALL BAD, then we all need to just give up living and go to the white box and sit in it. Or red or black or whatever color you want it to be. You know how much energy and fuel was used to get your vegetables if your a “vegetarian? So no matter what you do and how good your trying to be, something is effecting something. I respect your choice, but good grief this new world is sucking the life out of everything. Love your art bro. Peace. Sorry the message was this long, when I hit send, do you realize how much bandwidth is being used? Damn, my fault. And I’m not blaming you, I’m talking to these stoppers of ANY kind of life. Put your art where you want to sir.
Cant you just get a "copyright" or "TM" for your art through courts and sell it that way? There has to be a way to do this through court to make and sell digital art. I make logos and sell them to companies and they can copyright their logo to be authentic, and one of kind. WHy cant that apply to all digital art? That wont have any environmental impact. We need to make a patent type law for digital art. and that will be the answer.
With art you actually do not even need a copy right to sell it digitally. Part of copyright law is that when a piece of art is created The artist has the rights to the peace.The difference between digital art and NFT is that the NFT is linked to cryptocurrency making it possible to release a certain amount of copies that in theory retain value and possibly increase in value just like a physical peice of art.
Yep, that would be the current way to do it. With NFTs people think they're buying exclusivity, but they're not. An NFT is just a digital file with a paper trail.
They don't care what it us. The artwork is an afterthought. It's a vehicle for the fake currency.
@@emmanicolereinmuth4627 "fake currency" ??? why do you call it fake?
because it's digital? Or because it's not backed by gold/oil?
I have seen people saying NFT is just money laundering and I couldn't agree more at this point. I really believe it limitates art in a way
WHAT A GUY!!! I wanted to look more into this but I have definatly changed my mind! Thanks!
I have understood that cardano with the hardfork mary release allows now to create NFT that are PoS. And it's not a shtcoin, but the third largest... I think it is worth to pay attention to it. Also ETH high gas prices just make it unattractive.
Yes Cardano is a proof of stake crypto!
Cardano to the moon
Ecomi VEVE Digital NFT's are 100% carbon neutral and safe for the environment!
I agree with this.
yes exactly Cardano is the future of Cryptocurrency
This video and the ones showing you and your wife talking about how you run the whole business yourself is why I jumped at the chance to buy some of your shirts. You're an amazing artist and a great dude! I've sent this video to so many of my friends that have been geeking over NFTs. The planet is WAY more important than crypto art. I can't buy, like, $10K worth of shirts or anything, but I'll continue to buy your art to help make up for not making an NFT.
THIS is why you are at the top of my "Hero List"! I so appreciate your sense of integrity and honesty to have taken this risk, to pull back on something you don't feel 100% about. Bravo! You make many great points, and though there may yet be more info to surface or changes to the scene to come, you are taking a stand, using what you've learned so far, and doing what you think it RIGHT! As one of your fans, this video proves how much you value the 10Hun community. Awesome!
It's pure ignorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Environment.
This is an important video. I'm glad he made it :) I respect him very much for admitting how he went about it at first as well.
Mega respect points, haha
This pure igorance NFT's will not destroy the environment. Just use a NFT on a different blockchain other than ETH. But even on ETH it's going to go POS in 2 years and won't have mining anymore. So no you NFT will not Destroy the Envirmonment.
So should there be a boycott for the NBA Topshot NFTs???
Yes.
They aren't even on Ethereum...
Not just bad for the environment, the whole copyrights issue being ignored for "money" is baffling and concerning how most people don't even care about the damage cryptoart is and possibly will be in the future if people don't act now. It says a lot about actual art and ethics.
Hi Ten Hundred! I read a comment from a guy in Venezuela who said a corrupt Governor in his area operates a block chain and it uses so much power his whole community is without electricity for several hours a day. I was really hoping for NFT's. I wasted many hours trying to understand what NFT's are, if they are actually profitable for a musician or artist, and how to use them, and from experts that did not say a word about the environmental impact, or even said anyone who purports NFT's are an environmental hazard are a hoax. I started to find out the grim reality is they are an environmental disaster. You present this issue in a very cogent, lucid, and concise way that I appreciate very much. Thanks for your magnanimous deed to humanity by informing us very well! I hope NFT sites will become 100% wind, solar, etc... off the grid nonpolluting powered! I wish Elon Musk would design the first alternative powered NFT site!
Ten, Both of these new projects are dope. Glad you understand more about the harm certain things bring to this world. I am an airbrush artist so I have been in your shoes where the paint I used was bad for the environment. So kudos bruh! you do you, you gotta look out for your family as well, but be educated at same time. Would like to see more of your new environmental stuff, the flower pic also looks sweet.
Long time viewer here (been watching for a few years now) and a strong climate advocate. Much respect for your decision and I appreciate your honesty in this video! Would be cool to see how you could use your artwork to not just avoid hurting the environment, but to take that one step further and inspire some climate action (can your house use solar panels? hehe). All and all, glad to know one of my favorite UA-camrs can "walk the walk" and have such integrity :)
Dude, I respect you even more now. Its easy to jump on a trend and make some extra cash but you listened to your fanbase and realised the issues with NFTs. I truly hope PoS will become available soon. I am definitely interested in acquiring one of your NFTs now.
Crypto currency investment is here to stay if you can’t see that at this point its time you learnt more about it
Accurately spoken, this is the best thing I’ve heard in a while. You’ve got my point
You have to understand that crypto trading is not magic, the best way to make lucrative trades is to work with an expert
You’re right man. Though I learnt that the hard way
I lost over $15000 when I started trading before I finally heeded to advice and contacted an expert who trades for me now
Something similar happened to me but I didn’t lose money. I traded with nothing to show for it until I contacted a pro broker who trades for me and returns profits
This is the first video I've ever watched from you and I already love you dude... As an artist I was so excited to get into NFTs, I found your video because I was curious about the impact on the environment. This sucks so much, I really hope everything changes in the future.
So happy to see you make this choice. I have other artists that I follow that have produced loads of nft's and even when confronted with this information they don't care about anything except the money they can make. Thank you so much for taking the time to research and for having the integrity to do what you felt was right for EVERYONE, rather just a wallet.
NFTs being defined as not tradable AND being traded sounds so weird to me.
They ARE tradeable, just not able to be substituted. Like his analogy about money, you can't trade for something that counts as the same thing, because each NFT is entirely unique.
Another analogy is like a fingerprint. Yours is unique and can't be substituted for another finger print.
Basically it's like that, hope that helps :)
Thank you for deciding to stay environmentally friendly! I wish everyone think like you! Art is awesome as always!
Fun fact for artists: *There aren't any background checks to make sure an NFT seller is the creator.* The market is new, and it's a free-for-all. The only real background check for NFTs right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art thief hasn't already made one of yours.
If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you actually _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto has more than enough money to fight you in court by now.
Not only are NFTs irregulated environmentally, they suck in every way possible for artists trying to find a big break.
This is not only false, it's just straight up fearmongering.
1. re: no background checks - yeah, the same exists literally right now. I can open an IG, fake a small creators name reup their art and sell pirated prints.
2. re: you can't make your art if someone's minted it - literally OBJECTIVELY false.
I can NFT the period at the end of this sentence, and you can, too. You can mint literally anything, multiple times, what is unique is the TOKEN. Just because I mint Mickey Mouse doesn't mean a.) I own mickey mouse b.) someone else can't mint mickey mouse
3. whoever steals your art has to pay real money to mint it, and more importantly, SOMEONE HAS TO BUY IT, and the people in the space know what they're doing so they're not buying art without verifying the artist's identity. The real issue would be is someone famous steals art, which happens ALREADY.
Man it's too bad because the concept is so fascinating, but thank you so much for your show of integrity and environmental awareness.
I can only guess, that many artists watch your channel, and a percentage of those could have been thinking of going down the NFT route. If you've discouraged a percentage of them, then you've helped hugely with lowering the enviromental impact
Uh no. Gold mining consumes more energy than NFTs and the BANKING SYSTEM ITSELF consumes magnitudeS more energy than Cryoto lile NFTs.
As an artist my heart bled a little over this BUT then I dug deep... NFTs and crypto in general are not wasteful, this is a misconception, the energy cost is necessary for creating a secure and decentralized network. Its part of what makes it far more resistant to control and manipulation by powerful entities like governments. MORE importantly in this situation is that when you factor in the cost of paper money and coins and banks and all the massively wasteful infrastructure that is needed to make those run, crypto (and NFTs) are FAR more energy efficient option! They would actually use less than 1/12th of the energy! Talk about saving the planet! Highly recommend Dan Held's article on medium called "PoW is Efficent" to hear another side.
Soooooooo, what’s UA-cam doing to the environment?
Some calculations made for Netflix streaming say that streaming videos is something like using 600W device.
Great work Ten hundy....... this is important! but whats is the foot print of your youtube?
Is it just for me or is the video being muted at some places randomly?