ya I did some researching and still don't get how this works lol
"Proof-of-Optimization, a novel blockchain consensus mechanism described in the whitepaper, plans to solve computational chemistry problems at a cost competitive with that of standard on-premises environments and cloud computing. Compute contributors can run both solver and validator nodes powering industrial-scale virtual screening campaigns in exchange for $MSI, the platform's official token.
"For the first time, any computer or phone with access to the web might be responsible and rewarded for discovering the next breakthrough medicine," said Shkreli, Druglike Co-Founder. "We will disrupt the economics of the drug business by allowing a wide pool of innovators and contributors, rather than only pharmaceutical giants, to profit from drug discovery."
Article: "Yes, you read that right. Square Enix is choosing to make its NFTs — a technology known to consume exorbitant amounts of energy contributing to wildly increased emissions and accelerating already out-of-control climate change on a planet that is either on fire, drowned, or melting — out of characters it created who were dedicated to stopping companies from doing exactly what an NFT facilitates."
....
Enjin protocol: "a Proof of Authority blockchain that runs on five nodes that consume 30,000,000 watts per year.
This will allow Enjin Ecosystem creators to mint NFTs on a network that consumes ~0.000002 of the electricity of the Ethereum blockchain."
> Roy started spending all his time watching YouTube videos and speaking to other cryptocurrency enthusiasts in private groups on the messaging app Telegram.
So I don't really get this article. Let's take out the human psychological factor such as addiction and gambling for a second.
Similar things can be said to traditional stock crash as well, can it not? Before the 'crypto-mania', the amateur investors would read a few posts/websites or gain influence from what their friends/peers/social groups would recite about [insert certain stock] and when it crashed, this is the same cycle.
My point is without actually spending time conducting deeper research and really understanding the technology(topic), this is will happen to anyone(amateurs).
"Pitts, who is accused of shooting another man to death in 2019, will be released while prosecutors work with the police department to determine whether any data related to his case has been lost, the outlet reports."
I'm afraid that's going to be the case for so many other cases.
>For this NFT, they're going to issue a public report tracking how this specific tranche of money is spent, and estimating the number of lives saved as a result.
In my opinion, that is vital.
Many donations to non-profits are used for many various reasons (some justifiable, some definitely NOT).
This actually allows tracking on that money.
So isn't this a good thing? People can easily manipulate stats on documents without having to worry about someone else double checking the work.
With the ability to track the NFT's currency transactions is good, no?
"Proof-of-Optimization, a novel blockchain consensus mechanism described in the whitepaper, plans to solve computational chemistry problems at a cost competitive with that of standard on-premises environments and cloud computing. Compute contributors can run both solver and validator nodes powering industrial-scale virtual screening campaigns in exchange for $MSI, the platform's official token.
"For the first time, any computer or phone with access to the web might be responsible and rewarded for discovering the next breakthrough medicine," said Shkreli, Druglike Co-Founder. "We will disrupt the economics of the drug business by allowing a wide pool of innovators and contributors, rather than only pharmaceutical giants, to profit from drug discovery."
link: https://www.globenewswire.com/news-release/2022/07/25/248519...