Comment by 8note
2 hours ago
Im really not seeing the comparison.
nfts were about trying to make inherently not scare things scarce, and to try to get people involved in a ponzi scheme
the oil being drilled and mined is exceptionally useful, and people buy it even when you dont need to go to war or get weapons. War would still be happening in the middle east without oil, its a key trade route between Europe and Asia.
the oil dependence exists because it lets people get work and labour done without hiring labourers.
if you put up 1GW of solar panels, you will definitely get rich off of that, and whenever people start building giant solar farms in borth africa, we will see armed militas conquering each other for control over the profits
> if you put up 1GW of solar panels, you will definitely get rich off of that
You're going to spend maybe a billion dollars to build your solar farm, maybe you get somebody to lend you the billion dollars at 4% annual interest for 10 years,
Your panels make maybe 1.5 TWh of electricity each year, you can sell that for maybe $50 per MWh, so that's $75M per year. But the interest on your loan was $40M, so after year one your owe $965M, after the ten year loan finishes you still owe almost $600M and your panels are now ten years old.
It's just a normal business venture, if you've got people who can execute and a favourable environment it should work, like if you opened a fast food chain, or a dry clean business or a distillery. This is completely different from resource owners, who instead are just granted ownership of a finite natural resource.