The data center money was private capital put up by individuals and corporations willingly. They are seeking to provide a product (compute) to paying consumers.
You can have an opinion on whether or not AI/data centers are worthwhile, but ultimately it wasn't made by your money.
I feel like this is a weak point. There are countless spam/scam websites out there, because anyone can spin up a page and publish something. That’s why you exercise a bit of caution and skepticism.
That’s the tradeoff of an open web. When you have a limitless design space, you get lots of trash.
But saying “websites are a scam” is just disingenuous to the fact that some websites are very legit and very useful.
What self respecting lawyer would ever advise their client, whom is probably being investigated for criminal charges, to tell their story to the media?
> is of significantly more historical significance
Hmm, maybe, or maybe a video representation of the moment, endorsed and co-branded by the league and the athletes, will come to be as valuable or more valuable than a physical photo print of that moment as represented by trading cards.
A trading card doesn’t survive a house fire or flood. How can a card be a true artifact of sports history when its also just a derivative product?
Yes, you could go and mint NFTs claiming to be authentic.
The same way you can try selling fake Rolex’s or picasso’s.
Any serious buyer would attempt to vet the items provenance to make sure it’s authentic. You might be able to pull a quick one on some, but that’s not unique to crypto.
But what happens if/when a large amount of user ETH gets staked in a single country, in a few entities? End users don’t have the motive or skills to move their ETH to platforms or systems that better protect decentralization. The downsides of PoS is worth exploring.
You misuse the word “backed”. The US economy does not “back” the dollar, figuratively or literally.
America, it’s workers, corporations, military, etc., will happily abandon the dollar should it become necessary. No one wants to be paid in money undergoing massive devaluation.
Corporations generally avoid creating cryptocurrencies because of the immense regulation and legal work they would have to do. And because banking regulation and compliance is generally out of their wheelhouse. Facebook tried it with their fiat basket backed stable coin.
DJI and Insta360 offer compelling products. And budget, lower quality 1080p-4k action cams got eaten by Akaso and other clones.