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[-] HiddenLayer555@lemmy.ml 5 points 1 day ago

Because it would probably take more energy than the oil itself contains

[-] dx1@lemmy.ml 2 points 1 day ago

Ethereum NFTs use a microscopic amount of energy, it's a proof of stake blockchain.

[-] buckykat@hexbear.net 6 points 1 day ago

I drink your slurp juice, I drink it up!

[-] Soapbox@lemmy.zip 5 points 1 day ago

"By utilizing state of the art decentralized cryptographic data science, we can bypass bottlenecks in the natural resource supply chain. Nonfungible tokenized oil coins can break developing economies free from bad actors in the free market." - Some douchebag right now probably.

[-] dx1@lemmy.ml 4 points 1 day ago

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.

[-] IAmYouButYouDontKnowYet@reddthat.com 8 points 1 day ago* (last edited 1 day ago)

Isn't that pretty much a goal one of those tech guys has?

Edit: there's a couple people trying to do this with natural resources.

[-] PumpkinDrama@reddthat.com 5 points 1 day ago

Great, to read this I may as well go back to Reddit.

[-] BanMeFromPosting@hexbear.net 6 points 1 day ago

Thanks for the gold

[-] chicken@lemmy.dbzer0.com 5 points 1 day ago

Oil is fungible, so Oilcoin would make more sense than a non-fungible token. It might be tricky to figure out a way to transport physical fuel over the blockchain, but annoying details like that are what vibecoding is for.

[-] mrnobody@reddthat.com 4 points 1 day ago

I'm lost and don't follow this stuff, but how would this fix anything?

[-] BanMeFromPosting@hexbear.net 3 points 1 day ago* (last edited 1 day ago)

You're right, this wouldn't help. NFTs cant go down in value

this post was submitted on 19 Mar 2026
50 points (93.1% liked)

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