Sure bitcoin mining consumes a lot, but let's compare apples to apples. I'd be willing to spend 200 to 300 terawatt hours a year to really make crypto work. G

Sure bitcoin mining consumes a lot, but let's compare apples to apples. I'd be willing to spend 200 to 300 terawatt hours a year to really make crypto work. Great civilizations are built off: 1/ Rule of Law 2/ Enough electricity to produce nitrogen, steel, and operate telecom. #1 is worth a lot. Look at India's demonetization and the crisis it caused. [link: https://www.project-syndicate.org/commentary/india-demonetization-policy-consequences-by-shashi-tharoor-2016-12?barrier=accessreg https://www.project-syndicate.org/commentary/india-demonetiz...] https://medium.com/@datarade/sure-bitcoin-assumes-a-lot-of-electricity-but-f05de54e85f2 https://medium.com/@datarade/sure-bitcoin-assumes-a-lot-of-e... - The banking industry fretting over electricity consumption of bitcoin is out of whack in comparison to the sheer size and volume of bank electricity consumption at a federal and local level. I'm very okay with a future in which ethereum smart contracts and bitcoin mining consume a 10% of global energy production given the alternatives.