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Consider that the alternative is all of the banking infrastructure that exists. The energy that banks and their employees consume is orders of magnitude less e
by austenallred 9y ago
Consider that the alternative is all of the banking infrastructure that exists.
The energy that banks and their employees consume is orders of magnitude less efficient.
- arve0 9y agoI would like to see any numbers on that claim. For example expenses / turnover or profit. Edit: or cost per transaction.
- Nursie 9y agoFor the volume of transactions they handle, it's really not.
- pjc50 9y agoBitcoin does not replace more than a small corner of banking. It doesn't even include any loans.
- lawless123 9y agolol not sure lending would work if the currency is always increasing in value, why lend money when it will be worth more if you keep it?
- pjc50 9y agoSure, but that implies that all business and real estate transactions are going to remain using normal non-deflating money.
- nodamage 9y agoThis seems like an absurd false equivalence given that the banking infrastructure provides a much larger scope of services than Bitcoin offers.