minus-squaredx1@lemmy.mltoAsklemmy@lemmy.ml•Why don't they just make NFTs of all the Middle Eastern oil and sell it on the blockchain, thereby circumventing the strait of Hormuz?linkfedilinkEnglisharrow-up3·20 days agoOne of the original goals of crypto is to create an alternative to the USD. AKA the cornerstone of the “petrodollar”. And the primary funding mechanism of US imperialism. linkfedilink
minus-squaredx1@lemmy.mltoAsklemmy@lemmy.ml•Why don't they just make NFTs of all the Middle Eastern oil and sell it on the blockchain, thereby circumventing the strait of Hormuz?linkfedilinkEnglisharrow-up3·20 days agoEthereum NFTs use a microscopic amount of energy, it’s a proof of stake blockchain. linkfedilink
One of the original goals of crypto is to create an alternative to the USD. AKA the cornerstone of the “petrodollar”. And the primary funding mechanism of US imperialism.