"The second first principle of crypto as designed by Nakamoto is truth by consensus. I can trust you without having to share additional information with you because the underlying protocol is in charge of verifying all the information. XEN is an open source smart contract deployed on the Ethereum protocol."
BIG red flag: it's built on Ethereum which is now even PoS.
Even before the switch, Vitalik was able to unroll blocks (in that case because of the "DAO Hack" - in my opinion: "DAO programming bug"). The XEN guys talk about consensus as a "principle of crypto" - what consensus is it if the founder can just claim a bunch of blocks are "bad" and persuade people to switch to another chain?
And now with PoS that basically becomes the norm. Whoever has the most ETH (Ethereum dev team) has the ability to decide which blocks are good or bad. Therefore all the claims that XEN makes are only as strong as the guarantees that the underlying network can provide.
And I don't see how Ethereum network provides the guarantees that XEN would like to provide.
Even when talking about speed: I worked with smart contracts at uni in the past and if I remember correctly, any interaction with the contract was *an ETH transaction*. So, for making a XEN tx you need to make an ETH tx. If ETH blockchain is full, how will you pay XEN?
if we ban meat we save 2000X that amount. heck, if Germany would have a speed limit on Autobahn that would save way more energy...
They are living behind the moon and missing out big time
NTFs is the perfect way to prove NFTs are scams :)