4 ms·
Two issues. Firstly MW = 10^6 and TW = 10^12 so you're off by 1,000. Secondly, your analysis doesn't factor indirect costs of centralised systems of currency (
by ryanjshaw 10y ago
Two issues.
Firstly MW = 10^6 and TW = 10^12 so you're off by 1,000. Secondly, your analysis doesn't factor indirect costs of centralised systems of currency (security features, printing, physical delivery, etc.).
- rspeer 10y agoIn the first part of your reply, you indicate that you're bad at orders of magnitude, at least when defending Bitcoin. In the second part of your reply, you do the same thing. Let's be clear. (500 x 10^6) W x 4000 ~= 2 x 10^12 W. I will now factor in your fantasy that everyone stops using centralized currency: (500 x 10^6) W x (4000 - epsilon) ~= 2 x 10^12 W. Fermi problems require being confident in how to multiply large numbers, and disregarding non-multiplicative factors that are much smaller.